Award

ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI) - AWARD

SE SHARED SERVICES

This public procurement record has 2 releases in its history.

AwardUpdate

23 Oct 2020 at 13:32

Award

23 Oct 2020 at 13:29

Summary of the contracting process

The tender for Financial Advisory Services related to the Bulverhythe Development, titled "ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI)", was awarded by Hastings Borough Council through SE Shared Services. The procurement process, now complete, involved a tender phase that concluded on 28 August 2020, with the award decision made on 8 October 2020. The contract is valued at £44,000 and commenced on 20 October 2020, with an end date of 31 December 2021. The project is classified under the CPV code 66171000, which pertains to Financial consultancy services, and it is located in Hastings, East Sussex, within the South East region of the United Kingdom.

This opportunity can foster business growth for firms specialising in financial consultancy, particularly those with experience in public sector projects and housing developments. The winning bid was submitted by Ernst & Young LLP, a large consultancy firm. Smaller firms or those with joint venture capabilities may also find this tender beneficial, especially if they can demonstrate relevant expertise in developing partnerships and financial structuring within residential projects, aligning with the council's aim of maximising social value and revenue generation from council-owned land.

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Notice Title

ESPHGP Bulverhythe Development Financial Advisory Services (ESPH388 TI) - AWARD

Notice Description

Hastings Borough Council sought to appoint a suitably qualified and experienced consultant to provide Financial Advisory Services in its progression of the Bulverhythe Housing Development with a Joint Venture Partner. The Council wants to ensure that outcomes on council owned land are maximised with the aim of creating sustainable communitues, increasing social value and stimulating revenue generation to help support the delivery of local services in the face of ongoing government cutbacks. The council has established the Hastings Housing Company (HHC) to help realise its objectives. Hastings Borough Council in discussions with a potential joint venture (JV) partner for the development of the site. These discussions require a detailed understanding of the scheme and its viability, especially regarding development cost as well as potential end sales values. Quantity Surveying services are being procured to review the current scheme costings and provide an updated outline cost plan. In addition to understanding the scheme costs, the council needs to understand how the scheme can most effectively be structured to maximise its income. HBC therefore wish to appoint a third party to provide specialist financial advice.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cd512896-670d-4a6a-826d-dd2523e89ffd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ceb5c4c6-7f18-4fef-81d8-0dfb953ba1ce
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£44,000 Under £100K
Lots Value
Not specified
Awards Value
£44,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Oct 20205 years ago
Submission Deadline
28 Aug 2020Expired
Future Notice Date
Not specified
Award Date
7 Oct 20205 years ago
Contract Period
19 Oct 2020 - 31 Dec 2021 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SE SHARED SERVICES
Contact Name
Gerry Palmer (WDC)
Contact Email
gerry.palmer@wealden.gov.uk
Contact Phone
01323 443350

Buyer Location

Locality
EAST SUSSEX
Postcode
TN34 3UY
Post Town
Tonbridge
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ22 East Sussex CC
Delivery Location
TLJ South East (England)

Local Authority
Hastings
Electoral Ward
Castle
Westminster Constituency
Hastings and Rye

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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