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Funder Selection procurement for a housing opportunity at Bury Interchange

Transport for Greater Manchester

This public procurement record has 3 releases in its history.

TenderUpdate

08 Sep 2026 at 16:46

UK4 - Tender Notice
Tender

14 Aug 2026 at 16:52

UK4 - Tender Notice
Planning

26 Jun 2026 at 17:06

UK3 - Planned Procurement Notice
Summary of the contracting process

Transport for Greater Manchester is seeking a residential funder for a mid-density apartment scheme in Bury town centre, forming part of the wider redevelopment of Bury Interchange. The appointed organisation will fund, deliver and operate the development. The final tenure mix has not been fixed: bidders are invited to propose an approach, and TfGM is neutral on whether the homes are affordable rental, other tenures or a combination. The opportunity covers residential construction, development of residential real estate and property management services. Delivery is in Bury, Greater Manchester. The procurement is primarily for works, with associated services. It is suitable for organisations able to bring together residential investment, development, construction delivery and long-term operational management capabilities.

The process has reached tender: TfGM invited offers through an open competitive flexible procedure. It is expected to include an Invitation to Participate, shortlisting, an Invitation to Tender for shortlisted bidders, structured proposal-development meetings, final tenders, evaluation, preferred-tenderer discussions and contract signature. Supplier clarifications close at 23:59 on 14 September 2026, and tender submissions are due by 12:00 on 25 September 2026. The contract is planned to run from 15 February 2027 to 31 July 2031. Its estimated value is £40 million excluding VAT, or £48 million including VAT. Evaluation is weighted 65% project delivery, 10% social value and 25% commercial. Economic and technical selection criteria apply. Responses must be submitted electronically through ProContract, with Central Digital Platform registration and a CDP identifier required.

This opportunity suits a residential investment or development organisation with the financial strength to fund a substantial apartment scheme and the capability to manage its delivery through to operation. Strong bidders are likely to be able to develop a credible proposal for the tenure mix, demonstrate effective project delivery arrangements and provide a commercially sound approach for the Bury Interchange setting. Relevant experience in residential construction, multi-dwelling development, real-estate investment and property management will be useful, alongside the capacity to coordinate design, construction, funding and ongoing operations. The evaluation gives greatest weight to project delivery, while also testing commercial quality and social value. TfGM has identified the opportunity as suitable for small and medium-sized enterprises and voluntary, community or social enterprises.

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Notice Information

Notice Title

Funder Selection procurement for a housing opportunity at Bury Interchange

Notice Description

TfGM is seeking the appointment of a residential funder to fund, deliver and operate a mid-density apartment scheme in Bury town centre, to be delivered as part of the wider redevelopment of Bury Interchange. The proposed tenure mix has not yet been decided and is one of the matters on which prospective tenderers will be invited to put forward proposals. TfGM is agnostic regarding the final tenure mix. Bidders should note that the Planned Procurement Notice published on 26 June 2026 (notice identifier: 2026/S 000-060531) described the Opportunity as an affordable rental residential development. TfGM has since adopted a tenure-agnostic approach, please refer to the Procurement Documentation for further information.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06bea2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/085093-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

70 - Real estate services

CPV Codes

45211100 - Construction work for houses

45211340 - Multi-dwelling buildings construction work

70111000 - Development of residential real estate

70330000 - Property management services of real estate on a fee or contract basis

Notice Value(s)

Tender Value
£40,000,000 £10M-£100M
Lots Value
£40,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Sep 20261 weeks ago
Submission Deadline
25 Sep 20262 weeks to go
Future Notice Date
3 Jul 2026Expired
Award Date
Not specified
Contract Period
15 Feb 2027 - 31 Jul 2031 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Transport for Greater Manchester
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M1 3BG
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD3 Greater Manchester
Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

Further Information

Notice Documents

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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