---
title: "Joint Venture for Development of Multiple Sites in Bracknell Forest"
ocid: "ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRACKNELL FOREST BOROUGH COUNCIL"
published: "2021-10-12"
---

# Joint Venture for Development of Multiple Sites in Bracknell Forest

Buyer: BRACKNELL FOREST BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3

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## Summary

The Bracknell Forest Borough Council is currently engaged in a public procurement process titled "Joint Venture for Development of Multiple Sites," aiming to enhance economic development in Bracknell, England. This competitive dialogue process falls under the construction industry category, with a substantial estimated contract value ranging from £200 million to £1 billion. The initial contract period is set to commence on February 16, 2020, lasting approximately 15 years with potential extensions of up to 10 years. Interested organisations must register by June 27, 2019, through the South East Business Portal to receive updates regarding this tender.

This tender presents substantial opportunities for businesses specialising in construction, real estate, and related services. Companies with the capability to partner in a joint venture structure, particularly those experienced in large-scale developments, affordable housing projects, and community facilities, would be well-suited to compete effectively. As the council aims to create high-quality developments to serve local needs, successful bidders can expect a long-term partnership that could significantly enhance their market presence and reputation in the construction sector.

## Notice

This is a summary of information provided in part on tenders electronic daily (TED), part of the Official Journal of the EU ref: 2019/S 099-239891 and in full in the documents on the South East Business Portal (see below). The Council has the ambition of delivering development in Bracknell and beyond, in order to promote economic development, enhance vitality, and secure new homes and facilities for local residents and businesses. The Council's overarching project vision is to deliver high quality development that supports a thriving, 18 hour town centre and catalyses further regeneration in the area, and that serves the needs of all residents and businesses, including new community facilities and affordable housing, fostering a sense of local ownership In order to realise these ambitions, the Council is seeking to procure a PSP with whom to establish a 50:50 JV development vehicle. The Council and the PSP's respective interests in the JV will be established through a Competitive Dialogue procurement process. The estimated contract value of this opportunity is between 200 000 000 GBP and 1 000 000 000 GBP. This figure is based on the estimated gross development value for the Category 1 sites (circa PS200,000,000) with a reasonable forecast for future Category 2 Sites, Category 3 Sites and Community Facilities that may be brought into the scope of the JV during the contract term. The reason for the range is due to a variety of factors which include but are not limited to, the lifespan of the JV, the possibility of fluctuations in market conditions over the contract term and the challenge of forecasting the use, scale and value of the future Category 2 Sites and Category 3 Sites and Community Facilities which have not yet been identified by the Authority The Council envisages a contract period of approximately 15 years with an option to extend the contract period in a number of periods up to an overall extension of 10 years. The actual period will be determined by best value considerations during the procurement procedure. Organisations must register their interest on the South East Business Portal (https://sebp.due-north.com/) (the "Portal") in order to receive any changes or notifications issued by the Council during this tender process. The Council will not be held responsible for lack of communication to any organisation who does not register their interest. Clarification questions must also be sent through the Portal. For more information about this opportunity please visit the Portal. The Council reserves the right not to award the contract in whole or in part, to cancel or amend the tender process and does not bind itself to accept any tender. The Council shall not be liable under any circumstances for any costs, charges or expenses incurred by any bidder or prospective bidder in responding to this notice or in taking part in this procurement process. Advisers to the procurement procedure have been Avison Young and Pinsent Masons.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9bc0a26e-a8b6-427d-b1ac-427af3433996 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Oct 2021 |
| Submission deadline | 26 Jun 2019 |
| Future notice date | Not specified |
| Award date | 18 Dec 2020 |
| Contract period | 21 Dec 2020 - 20 Dec 2035 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £1,000,000,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BRACKNELL FOREST BOROUGH COUNCIL |
| Locality | BRACKNELL |
| Post town | Reading |
| Postcode | RG12 1JD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ15 Berkshire East |
| Local authority | Bracknell Forest |
| Electoral ward | Town Centre & The Parks |
| Westminster constituency | Bracknell |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | COUNTRYSIDE PROPERTIES (UK |

## CPV Codes

### Divisions

- 45 - Construction work
- 70 - Real estate services
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 45000000 - Construction work
- 70000000 - Real estate services
- 71500000 - Construction-related services

## Release History

- 12 Oct 2021 at 14:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9bc0a26e-a8b6-427d-b1ac-427af3433996
- 29 May 2019 at 07:02 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/41c54c37-f047-4342-a069-276ca4859884
- 24 May 2019 at 08:39 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f8b2223b-63f9-4d28-9e69-15c02f549ec3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9bc0a26e-a8b6-427d-b1ac-427af3433996
  12th October 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/41c54c37-f047-4342-a069-276ca4859884
  29th May 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/f8b2223b-63f9-4d28-9e69-15c02f549ec3
  24th May 2019 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.bracknell-forest.gov.uk
- https://sebp.due-north.com/

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3.json.