--- title: "Joint Venture for Development of Multiple Sites in Suffolk" ocid: "ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19.json" source: "Contracts Finder" current_stage: "Tender" buyer: "SUFFOLK COUNTY COUNCIL" published: "2021-03-10" --- # Joint Venture for Development of Multiple Sites in Suffolk Buyer: SUFFOLK COUNTY COUNCIL Current stage: Tender OCID: ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19.json) ## Summary The Suffolk County Council is currently seeking a private sector partner to establish a 50:50 joint venture aimed at developing multiple residential sites across Suffolk. This tender, titled "Joint Venture for Development of Multiple Sites in Suffolk," falls under the real estate services category and is part of a selective procurement process using competitive dialogue. The tender period is set to conclude on 9 April 2021, with the anticipated contract beginning on 1 March 2022 and extending until 28 February 2037. The total estimated value of this procurement is £750 million, and the delivery addresses are located in the East of England, specifically around Ipswich. This joint venture presents significant opportunities for businesses in real estate development, construction, and related services such as development management. Companies that specialise in residential and non-residential property services, as well as those capable of providing construction-related services, would be well-positioned to compete. By engaging in this procurement, potential partners can not only contribute to the development of essential housing projects in the region but also access a substantial financial opportunity with shared profits from the venture. ## Notice Suffolk County Council (the 'Council') has the ambition of delivering residential development in Suffolk. In order to realise this ambition, the Council is seeking to procure a private sector partner ('PSP') with whom to establish a 50:50 joint venture ('JV') development vehicle. The JV will be responsible for delivering multiple residential development schemes throughout Suffolk. The Council will commit sites to the JV for development and may also provide funding via loans or equity contributions. It is anticipated that the PSP will provide funding and services to the JV. Such services may include (amongst others) construction services and development management services. Following development, individual residential units or development parcels will be marketed and sold. Profits from the JV will be distributed to the Council and the PSP based on their equity holdings. Additional information: This opportunity is available in the 'Current Tenders' area of www.suffolksourcing.uk. Interested parties are invited to express their interest in order to gain full access to the tender documentation Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/311cbb15-bc9a-44b4-a1b3-87706065ae6f | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive dialogue (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 10 Mar 2021 | | Submission deadline | 9 Apr 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Mar 2022 - 28 Feb 2037 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £750,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | SUFFOLK COUNTY COUNCIL | | Locality | SUFFOLK | | Post town | Ipswich | | Postcode | IP1 2BX | | Country | England | | ITL 1 | TLH East (England) | | ITL 2 | TLH6 Suffolk | | ITL 3 | TLH62 Ipswich | | Local authority | Ipswich | | Electoral ward | Gipping | | Westminster constituency | Ipswich | | Delivery location | Not specified | ## 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 - 70110000 - Development services of real estate - 70120000 - Buying and selling of real estate - 70331000 - Residential property services - 70332000 - Non-residential property services - 70333000 - Housing services - 71500000 - Construction-related services ## Release History - 10 Mar 2021 at 08:59 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/311cbb15-bc9a-44b4-a1b3-87706065ae6f ## Documents - https://www.contractsfinder.service.gov.uk/Notice/311cbb15-bc9a-44b4-a1b3-87706065ae6f 10th March 2021 - Opportunity notice on Contracts Finder - https://www.suffolk.gov.uk/business-jobs-and-careers/tenders-and-supplying-us/ Additional information on how to apply for this contract ## 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-a3c35d92-6f15-4cfa-8b72-3cb517d02a19. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a3c35d92-6f15-4cfa-8b72-3cb517d02a19.json.