Award

South Thamesmead Phases 2 and 3 Joint Venture Partnership

PEABODY TRUST

This public procurement record has 1 release in its history.

Award

16 Jan 2024 at 19:06

Summary of the contracting process

The Peabody Trust has completed a procurement process for the South Thamesmead Phases 2 and 3 Joint Venture Partnership in London, UK. This works procurement involved establishing a 50:50 joint venture with a private sector partner to deliver the regeneration project, including building construction work for housing and community amenities. The procurement method used was a selective Restricted procedure, with Lovell Partnerships Limited being the active supplier awarded the contract worth £300,000, signed on 9th August 2022.

This tender presents business growth opportunities for companies specialising in building construction and related services, as well as those involved in housing and community amenities. The procurement stage was cancelled but resulted in an active contract award, showing potential for future similar opportunities in the UK public sector construction projects. Companies with experience in joint venture partnerships and construction services would be well-suited to compete for similar tenders in the future.

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Notice Title

South Thamesmead Phases 2 and 3 Joint Venture Partnership

Notice Description

Peabody is seeking to establish a 50:50 joint venture ('JV') between Peabody and a private sector partner ('PSP') to deliver phases 2 and 3 of the South Thamesmead regeneration project, at Harrow Manorway, near Abbey Wood, SE2 9LH (the 'Development Site'). The Development Site totals circa 3.1 hectares (7.7 acres) split between a northern plot (Phase 2, c 1.7 ha (4.6 ac)) and southern plot (Phase 3, c 1.2 ha (3.1 ac)).

Lot Information

Lot 1

50:50 joint venture ('JV') between Peabody and a private sector partner ('PSP') to deliver phases 2 and 3 of the South Thamesmead regeneration project. It is anticipated that the PSP will provide construction services to the JV, and may provide additional professional services. In total the Development Site is estimated to have capacity for c 730 homes and c 1,000 square foot of community space (the latter assumed to be delivered in Phase 2). Phase 2 benefits from an outline planning consent for delivery of up to 329 homes and up to 1,050 square metres of commercial floorspace (London Borough of Bexley ref. 16/01287/OUTM). Recent scheme testing estimates capacity for Phase 3 at c 400 homes. Phase 3 is part of a separate outline application currently being determined by the local planning authority, across a wider area, for up to 1,950 homes and 3,225 square metres of commercial floorspace (ref. 21/01948/OUTEA).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042db6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001526-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work


CPV Codes

45210000 - Building construction work

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£300,000,000 £100M-£1B

Notice Dates

Publication Date
16 Jan 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Aug 20223 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
PEABODY TRUST
Contact Name
Kishore Senathirajah
Contact Email
kishore.senathirajah@peabody.org.uk
Contact Phone
+44 2038283630

Buyer Location

Locality
LONDON
Postcode
SE1 7JB
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI6 Outer London - South

Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

LOVELL PARTNERSHIPS

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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