Award

Option to Purchase Agreement of Land at Courtlands

MARSHGATE LTD

This public procurement record has 1 release in its history.

Award

28 Mar 2022 at 14:58

Summary of the contracting process

Marshgate Ltd is initiating a procurement process for an Option to Purchase Agreement of land located at Courtlands, Todds Green, Stevenage, Hertfordshire, SG1 2JE. This procurement falls under the industry category of construction works for houses and is at the award stage, with the contract valued at £5,400,000, signed on 28th March 2022. The procurement method used was limited, allowing an award procedure without a prior public call for competition. A voluntary standstill period of 10 days is noted, concluding at midnight on 7th April 2022.

This contract presents significant opportunities for construction firms, particularly those engaged in residential development and land acquisition services. Businesses equipped to handle construction works, especially small and medium-sized enterprises in the industry, would find this tender well-suited to their capabilities. The project is set to involve the construction of 17 dwellings, providing a platform for companies to leverage their skills and resources in a growing housing market.

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Notice Title

Option to Purchase Agreement of Land at Courtlands

Notice Description

Marshgate is placing a voluntary ex-ante transparency notice to advertise its intention to enter into an option to purchase agreement concerning land at Courtlands, Todds Green, Stevenage, Hertfordshire, SG1 2JE ('the Property') with further details set out below.

Lot Information

Lot 1

The proposed transaction provides for Marshgate to enter into an option to purchase agreement with EHP Land Development Ltd (EHP) of land at the Property. The Property has the benefit of planning permission for 17 dwellings with associated infrastructure. EHP has entered into an agreement for works for the construction of the dwellings and associated infrastructure with SJM & Co Ltd (SJM) (Agreement for Works). The option to purchase is conditional upon Marshgate entering into a novation agreement with EHP and SJM for Marshgate to be a party to the Agreement for Works in place of EHP. The Agreement for Works specifies that SJM shall construct the dwellings and associated infrastructure as per the planning permission. Additional information: This voluntary ex ante transparency notice is being published to enable the observance of a voluntary standstill period of 10 days. The standstill period will end at midnight on 7th April 2022.

Procurement Information

This is a voluntary ex ante transparency notice pursuant to regs 99 - 100 of the Public Contract Regulations 2015. Marshgate consider that the proposed transaction is not a public contract and is not caught by the Public Contracts Regulations because: Marshgate have had no influence on the design of the works, The construction of the works will simply be implementing a planning permission that has already been granted and one that Marshgate had no involvement in developing, EHP have already entered into a legally binding contract for the construction of the works, and The option to purchase is conditional on Marshgate entering into the novation of the Agreement for Works. As such, the proposed transaction falls outside the scope of and does not need to comply with Part 2 of the Public Contracts Regulations 2015 (and therefore Directive 2014/24/EU) and may be awarded without prior publication of a Contract Notice in the Official Journal of the European Union.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032719
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008319-2022
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

70 - Real estate services


CPV Codes

45211100 - Construction work for houses

70122200 - Land purchase services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£5,400,000 £1M-£10M

Notice Dates

Publication Date
28 Mar 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MARSHGATE LTD
Contact Name
Kirsten Brown
Contact Email
kirsten.brown@stevenage.gov.uk
Contact Phone
+44 1438242775

Buyer Location

Locality
STEVENAGE
Postcode
SG1 1HN
Post Town
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
TLH23 Hertfordshire CC

Local Authority
Stevenage
Electoral Ward
Old Town
Westminster Constituency
Stevenage

Supplier Information

Number of Suppliers
1
Supplier Name

EHP LAND DEVELOPMENT

Open Contracting Data Standard (OCDS)

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