Award

TH 3517 - New Build Contractor (Lyndhurst)

THRIVE HOMES LIMITED

This public procurement record has 3 releases in its history.

Award

03 Oct 2025 at 13:11

Award

06 Jun 2025 at 12:31

Award

06 Jun 2025 at 12:25

Summary of the contracting process

Thrive Homes Limited, based in Hemel Hempstead, has awarded a direct contract for the development of a residential building project located at Lyndhurst Farm, Green Street, Borehamwood. The project, titled "TH 3517 - New Build Contractor (Lyndhurst)", falls under the building construction industry and is in the award stage. The procurement process was a direct award due to exclusive rights held by Hill Residential Limited for the site in question, which have been transferred to Thrive Homes contingent upon Hill Partnerships Limited undertaking the development. The contract for the project was signed on 4th September 2025, commencing on the same day and scheduled to be completed by 31st May 2028, with an overall value amounting to £50,680,000 GBP.

This tender presents significant growth opportunities for businesses involved in large-scale construction projects, particularly those specialising in residential development. As the project has been awarded through direct procurement based on exclusive rights, it limits competitive entry; however, it underscores the importance of strategic partnerships and exclusive collaborations within the industry. Companies similar in scale and capability to Hill Partnerships Limited, which have the potential to negotiate similar exclusive access agreements, would be well-suited to seek out analogous opportunities for growth. The focus on a sizeable project such as this signals robust sector demand within the UK construction industry, potentially inviting subcontracting opportunities and collaborations for auxiliary services and expertise in the residential building sector.

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Notice Title

TH 3517 - New Build Contractor (Lyndhurst)

Notice Description

Thrive is seeking to enter into a transaction with Hill Residential Limited to purchase land at Lyndhurst Farm, Green Street, Borehamwood WD6 5NF on which it is intended to carry out a residential development. The land required for the development has been assembled by Hill Residential Limited which has carried out (on its own account and not on behalf of Thrive) significant preparatory work in the design and preparation of the development, including submitting designs, reports and other details for the discharging of planning conditions. Hill Residential Limited has an exclusive right to purchase the land comprising the development site. It has agreed to transfer this right to Thrive, but only on the condition that its group company Hill Partnerships Limited carries out the proposed development. The land is not offered for sale without this condition. Thrive therefore considers that Hill Partnerships Limited has an exclusive right to carry out the works required to complete the development for the purpose of paragraph 5 of Schedule 5 to the Procurement Act 2023 and intends to grant a works contract to Hill Partnerships Limited on this basis. Given the exclusive rights held by Hill Residential Limited, a development at this location cannot be acquired from any other person, and Thrive considers that no similar development, with planning permission and ready for construction, can be acquired in the locality as a reasonable alternative.

Procurement Information

Hill Residential Limited has an exclusive right to purchase the land comprising the development site. It has agreed to transfer this right to Thrive, but only on the condition that its group company Hill Partnerships Limited carries out the proposed development. The land is not offered for sale without this condition. Thrive therefore considers that Hill Partnerships Limited has an exclusive right to carry out the works required to complete the development for the purpose of paragraph 5 of Schedule 5 to the Procurement Act 2023 and intends to grant a works contract to Hill Partnerships Limited on this basis. Given the exclusive rights held by Hill Residential Limited, a development at this location cannot be acquired from any other person, and Thrive considers that no similar development, with planning permission and ready for construction, can be acquired in the locality as a reasonable alternative.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05446e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062176-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Direct
Procurement Method Details
Direct award
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
£50,680,000 £10M-£100M
Contracts Value
£50,680,000 £10M-£100M

Notice Dates

Publication Date
3 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Jun 20258 months ago
Contract Period
3 Sep 2025 - 31 May 2028 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THRIVE HOMES LIMITED
Contact Name
Jenny Johnson
Contact Email
procurement@thrivehomes.org.uk
Contact Phone
0800 917 6077

Buyer Location

Locality
HEMEL HEMPSTEAD
Postcode
HP3 9TD
Post Town
Hemel Hempstead
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH27 South West Hertfordshire
Delivery Location
Not specified

Local Authority
Dacorum
Electoral Ward
Kings Langley
Westminster Constituency
South West Hertfordshire

Supplier Information

Number of Suppliers
1
Supplier Name

HILL PARTNERSHIPS

Open Contracting Data Standard (OCDS)

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