Public procurement notice: Works Concession
Published: 2018-11-09
Buyer: One Housing (which includes its subsidiaries and group companies)
Country: UK
Contract type: Works
Procedure: Concession award procedure
CPV classification: 45111000 | 45112700 | 45112710 | 45112711 | 45211340
Estimated value: 410000000 GBP
Submission deadline: 2018-12-06
Award criteria: Other
EU fund: ESF

Technical requirements: The Authority is seeking to appoint a partner to form a long term corporate joint venture (on a 50:50 ownership basis) to secure investment and expertise to deliver the Authority's redevelopment of Juniper Crescent and Gilbeys Yard. The redevelopment is expected to deliver in the region of 650-700 mixed tenure new homes. The scheme will involve opportunities for development sales in partnership with the Authority. The concession will run for a period of at least 5 years, to reflect the envisaged construction period and the JV vehicle's long-term interest in and ownership of the properties.
The Authority is seeking a developer partner to jointly deliver the regeneration of Juniper Crescent and Gilbeys Yard. Following a resident led Options Appraisal process, the preferred option selected is full redevelopment of the estates. This option would result in the existing 202 homes over the two sites being replaced with new neighbourhoods of 650-700 homes. This includes re-providing existing homes, as well as developing new affordable and private homes. The London Borough of Camden’s recently adopted planning framework for the Camden Goods Yard area, also supports the full redevelopment of the estates.
The Authority is seeking a partner who is able to jointly meet the requirements of the project in terms of design, planning, construction and sales over a long period.
The Authority has made a commitment to re-provide the existing affordable homes with no loss of affordable floor space and meeting housing need. The Authority’s aim is to maximise the amount of affordable housing provided in the redevelopment and is targeting in the region of 50 % of the redevelopment to be affordable through the provision of additional affordable rent and intermediate homes. It is the Authority's intention to own and manage all of the replacement affordable housing.
The final JV structure will be developed through the tender process. The Authority will play an active role in delivering the regeneration including funding the project at risk. It also expects to have transparency in the delivery of the project to ensure that the best outcomes are achieved for the local community. With this in mind, the current expectation is that a corporate joint venture, established as an LLP, will provide the Authority with a delivery structure to achieve those objectives. The Authority would prefer a financial structure in which a capital land receipt is paid at the start of the development. However, variant bids will be considered. Further information about the scope of variant bids will be provided at tender stage. A set of initial Heads of Terms setting this out in more detail is available, along with other documentation.
The estimated values in II.1.5) and II.2.6) represent the potential commercial value of the development. However, potential returns will depend on many commercial factors (but not limited to) the performance of the developer and market conditions. Bidders should seek independent legal and commercial advice in relation to the potential value of the opportunity and the scheme as a whole.
The partner may be required to actively participate in the achievement of social and/or environmental policy objectives relating to recruitment and training and supply-chain initiatives. Accordingly contract performance conditions may relate in particular to social and environmental considerations.
The Concession Contracts Regulation 2016 (CCR 2016) applies to the award. The Authority intends to follow a process set out in the procurement documents. Award criteria and further concession documents will be provided at the start of the invitation to tender stage to bidders that are shortlisted to participate. Expressions of interest applications must be by way of completion and return of the Selection Questionnaire (SQ) (in accordance with the requirements set out in the SQ by the time limit in Section IV.2.2) above). The SQ is available via https://www.mytenders.co.uk. The Authority reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this concession notice
Note: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at https://www.mytenders.co.uk/Search/Search_Switch.aspx?ID=213756
The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.mytenders.co.uk/sitehelp/help_guides.aspx
Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems.
In accordance with Regulation 47 (Notice of decision to award a concession contract); Regulation 48 (Standstill Period) and Regulation 52 to 63 of the Concession Contracts Regulations 2016 (CCR 2016).
Following any decision to award the concession contract, the Contracting Authority will providing debriefing information to unsuccessful bidders (in accordance with Regulation 47 CCR 2016) and observe a minimum 10 day standstill period (in accordance with Regulation 48 CCR 2016) before the concession contract is entered into.


Award value: 410000000