Tender

Joint Venture for Development of Multiple Sites in Suffolk

SUFFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

10 Mar 2021 at 08:59

Tender Notice
Summary of the contracting process

The Suffolk County Council is currently seeking a private sector partner to establish a 50:50 joint venture aimed at developing multiple residential sites across Suffolk. This tender, titled "Joint Venture for Development of Multiple Sites in Suffolk," falls under the real estate services category and is part of a selective procurement process using competitive dialogue. The tender period is set to conclude on 9 April 2021, with the anticipated contract beginning on 1 March 2022 and extending until 28 February 2037. The total estimated value of this procurement is £750 million, and the delivery addresses are located in the East of England, specifically around Ipswich.

This joint venture presents significant opportunities for businesses in real estate development, construction, and related services such as development management. Companies that specialise in residential and non-residential property services, as well as those capable of providing construction-related services, would be well-positioned to compete. By engaging in this procurement, potential partners can not only contribute to the development of essential housing projects in the region but also access a substantial financial opportunity with shared profits from the venture.

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Notice Information

Notice Title

Joint Venture for Development of Multiple Sites in Suffolk

Notice Description

Suffolk County Council (the 'Council') has the ambition of delivering residential development in Suffolk. In order to realise this ambition, the Council is seeking to procure a private sector partner ('PSP') with whom to establish a 50:50 joint venture ('JV') development vehicle. The JV will be responsible for delivering multiple residential development schemes throughout Suffolk. The Council will commit sites to the JV for development and may also provide funding via loans or equity contributions. It is anticipated that the PSP will provide funding and services to the JV. Such services may include (amongst others) construction services and development management services. Following development, individual residential units or development parcels will be marketed and sold. Profits from the JV will be distributed to the Council and the PSP based on their equity holdings. Additional information: This opportunity is available in the 'Current Tenders' area of www.suffolksourcing.uk. Interested parties are invited to express their interest in order to gain full access to the tender documentation Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/311cbb15-bc9a-44b4-a1b3-87706065ae6f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialogue (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

CPV Codes

45000000 - Construction work

70000000 - Real estate services

70110000 - Development services of real estate

70120000 - Buying and selling of real estate

70331000 - Residential property services

70332000 - Non-residential property services

70333000 - Housing services

71500000 - Construction-related services

Notice Value(s)

Tender Value
£750,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Mar 20214 years ago
Submission Deadline
9 Apr 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Mar 2022 - 28 Feb 2037 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SUFFOLK COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUFFOLK
Postcode
IP1 2BX
Post Town
Ipswich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH62 Ipswich
Delivery Location
Not specified
Local Authority
Ipswich
Electoral Ward
Gipping
Westminster Constituency
Ipswich

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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