Award

Havering estate regeneration partner - property/asset JV company

LONDON BOROUG OF HAVERING

This public procurement record has 1 release in its history.

Award

13 Apr 2021 at 09:31

Summary of the contracting process

The London Borough of Havering has completed a procurement process for the project titled "Havering Estate Regeneration Partner - Property/Asset JV Company." This initiative, which falls under the industry category of multi-dwelling buildings construction work, aims to secure investment and expertise for housing-led regeneration efforts in the borough. The procurement was conducted through a limited method, without prior publication of a call for competition, and involved the award of a contract valued at £1.177 billion, signed on 11 December 2020. The contract is set to last for up to 30 years, supporting further developments in the area.

This tender presents significant opportunities for businesses involved in construction, urban development, and related services. Companies specialising in large-scale residential projects, demolition and site preparation, as well as landscaping, would be well-suited to engage in future phases of this regeneration effort. With a focus on creating additional affordable housing and improving community infrastructure, suppliers with expertise in delivering value-driven projects can find a compelling avenue for growth in collaboration with the Havering council.

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Notice Title

Havering estate regeneration partner - property/asset JV company

Notice Description

[08/04/2021 14:52] Adam Bevan: LB of Havering ('the Council') entered into a contract for up to 30 years for a partner to form a long-term corporate joint venture ('JV') property vehicle to secure investment and expertise to deliver Havering's housing led regeneration strategy, entered into 27 April 2018 ('the Contract'). The opportunity was advertised in OJEU (2017/S 094-185114) and procured under the Concession Contracts Regulations 2016. Further details of the original Contract are in that OJEU Notice. The Contract includes a Members' Agreement (MA) and Development Agreement (DA) with the JV LLP and other ancillary documents.

Lot Information

Lot 1

[08/04/2021 15:07] Adam Bevan: Further info is at https://www.havering.gov.uk/downloads/download/876/veat_notice_supplement_documents The Council has: 1) Made additional GBP 58.3 million equity funding available to JV. Also, refreshed JV business plan (BP) to include Council forward funding of GBP 45.4 million for phase 1 (in the light of additional 53 affordable housing units and reduction of open market units from 1085 to 934, changes to design and other factors). 2) Refreshed JV BP to remove Delta estate. 3) Refreshed JV BP to include addition of further sites. 4) Amended DA to bring forward timing of demolition of Waterloo Estate and Council providing additional PS7.8m financing in place of debt funding (some changes to be made by variation to the DA and a new supplemental dev agreement with JV). Additional information: The duration field takes account of the fact that the concession started on the 11/12/2020.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a566
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007669-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

65 - Public utilities

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

45111000 - Demolition, site preparation and clearance work

45112700 - Landscaping work

45112710 - Landscaping work for green areas

45112711 - Landscaping work for parks

45211300 - Houses construction work

45211340 - Multi-dwelling buildings construction work

45211341 - Flats construction work

45211350 - Multi-functional buildings construction work

45211360 - Urban development construction work

45212000 - Construction work for buildings relating to leisure, sports, culture, lodging and restaurants

45213100 - Construction work for commercial buildings

45213112 - Shop units construction work

45213150 - Office block construction work

45223300 - Parking lot construction work

65300000 - Electricity distribution and related services

70000000 - Real estate services

71000000 - Architectural, construction, engineering and inspection services

73220000 - Development consultancy services

79410000 - Business and management consultancy services

90712100 - Urban environmental development planning

Notice Value(s)

Tender Value
£1,177,000,000 £1B-£10B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,177,000,000 £1B-£10B

Notice Dates

Publication Date
13 Apr 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 Dec 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUG OF HAVERING
Contact Name
Jumaa Sudi
Contact Email
jumaa.sudi@onesource.co.uk
Contact Phone
+44 1708433336

Buyer Location

Locality
ROMFORD
Postcode
RM1 3BB
Post Town
Romford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI52 Barking & Dagenham and Havering

Local Authority
Havering
Electoral Ward
St Edward's
Westminster Constituency
Romford

Supplier Information

Number of Suppliers
1
Supplier Name

WATES CONSTRUCTION

Open Contracting Data Standard (OCDS)

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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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