--- title: "University of Chichester Project Cornerstone" ocid: "ocds-h6vhtk-03570d" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03570d" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03570d.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03570d.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "UNIVERSITY OF CHICHESTER" published: "2022-07-28" --- # University of Chichester Project Cornerstone Buyer: UNIVERSITY OF CHICHESTER Current stage: Tender OCID: ocds-h6vhtk-03570d [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03570d) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03570d.json) ## Summary The University of Chichester is initiating a tender for the "University of Chichester Project Cornerstone," aimed at delivering on-campus student residences at both its Bognor Regis and Chichester campuses. This project falls under the category of building construction work, with an estimated value of £80 million. The procurement is currently at the tender stage, with a submission deadline of 30th August 2022. Interested parties will engage through a selective procurement method, specifically using a competitive dialogue approach, and the anticipated contract terms will span approximately 50 years. This tender presents a significant opportunity for businesses specialising in construction, project management, and facilities management. Companies that excel in design, build, finance, and operational services will be particularly well-suited to compete, especially those experienced in developing educational or residential facilities. Additionally, firms capable of offering innovative financing solutions that allow for off-balance sheet transactions may find unique advantages in this procurement process, which seeks to enhance the accommodation experience for students while maintaining financial feasibility for the University. ## Notice The University is seeking to procure an experienced private sector partner to deliver on-campus student residences at both its Bognor Regis and Chichester campuses under a design, build, finance and operate agreement with an anticipated length of 50 years. Some existing stock will be transferred to the private sector partner as part of the arrangement. It is the University's preference that the agreement will deliver an off-balance sheet transaction (or one that has minimal impact on the University's balance sheet). The University's primary objective is to create new accommodation and to refurbish existing accommodation on both campuses to meet demand but most importantly provide an affordable, high-quality student and living experience. Full details of the project are contained within the procurement documents. ### Lot Information Lot 1 The University will enter Competitive Dialogue with potential private sector partners who are shortlisted following the selection phase of the procurement and have demonstrated that they are able to support the University in a Design, Build, Financing and Operation (DBFO) project. The University is seeking to select a private sector partner to structure and deliver an off-balance sheet transaction under a long-term concession. Interested parties will be invited to put proposals forward that consider: 1. A stock transfer and refurbishment of existing 593 on-campus beds at the University's Bognor Regis Campus (BRC) and Bishop Otter Campus (BOC) 2. Delivery of a 176-bed new build scheme at the University's Bognor Regis Campus. 3. Delivery of a new c. 266-bed scheme at Havenstoke Close to replace the up to 110 beds lost at BOC and 168 beds lost when the University relinquishes short-term off-campus leases. 4. Subject to commercial viability, retention by the University of all the student facing elements (soft FM, marketing, room booking, allocation, pastoral care, welfare support etc.) of operations and resident experience, such that the University remains the 'front door' for students. 5. Full transfer of demand risk on the student residences to the private sector partner with the University retaining the right to nominate up to 100% of the beds on an annual basis. 6. A rent setting mechanism and consultation process that meets the needs of students and investors, the University's comparator institutions, the local rental market and supports the funding and on/off campus structures. 7. Minimising the impact on the University's balance sheet. 8. Meeting the University's requirements around the design and quality of refurbishments and new build projects, in order to ensure a seamless, consistent approach between on and off- campus beds. 9. If commercially possible (balanced against the University's appetite for risk) delivering a Capital Receipt to the University at Financial Close, within the other constraints and requirements of the Project. 10. The potential to extend the partnership to meet future accommodation requirements. solution Additional information: Variants include in relation to a bond/income strip funding solution Options: The University may wish to retain the option to include future phases as part of this procurement or to restructure the envisaged project. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/020669-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Works | | Procurement method | Selective | | Procurement method details | Competitive dialogue | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 28 Jul 2022 | | Submission deadline | 30 Aug 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £80,000,000 | | Lots value | £80,000,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UNIVERSITY OF CHICHESTER | | Locality | CHICHESTER | | Post town | Portsmouth | | Postcode | PO19 6PE | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ2 Surrey, East and West Sussex | | ITL 3 | TLJ27 West Sussex (South West) | | Local authority | Chichester | | Electoral ward | Chichester North | | Westminster constituency | Chichester | | Delivery location | TLJ2 Surrey, East and West Sussex | ## CPV Codes ### Divisions - 45 - Construction work - 50 - Repair and maintenance services - 70 - Real estate services - 71 - Architectural, construction, engineering and inspection services - 79 - Business services: law, marketing, consulting, recruitment, printing and security - 98 - Other community, social and personal services ### Codes - 45210000 - Building construction work - 45214700 - Construction work for halls of residence - 50700000 - Repair and maintenance services of building installations - 70111000 - Development of residential real estate - 71242000 - Project and design preparation, estimation of costs - 79930000 - Specialty design services - 98341000 - Accommodation services ## Release History - 28 Jul 2022 at 14:48 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/020669-2022 ## Notice URLs - https://help.chi.ac.uk/cornerstone - https://www.chi.ac.uk/ ## 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-h6vhtk-03570d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03570d.json.