Public procurement notice: Works Concession
Published: 2020-10-13
Buyer: London Legacy Development Corporation
Country: UK
Contract type: Works
Procedure: Concession award procedure
CPV classification: 45111000 | 45112700 | 45200000: Building and civil engineering work | 45210000: Building construction work | 45211300
Estimated value: 1450000000 GBP
Submission deadline: 2020-11-19
Award criteria: Other

Technical requirements: London Legacy Development Corporation (‘LLDC’) is seeking to appoint a development partner to form a corporate joint venture (‘JV’). The JV shall deliver the Stratford Waterfront and Bridgewater residential developments (‘the Sites’) pursuant to a development agreement with LLDC (‘DA’). The DA shall provide for the ultimate grant of a 250-year leasehold interest to the JV for the sites. The sites have the potential to deliver in the region of 1 200 homes. The initial value of this concession opportunity is approx. GBP 700 million.
This opportunity may also include the balance of planning development zone 8, the pudding mill lane site and planning development zone 12, the Rick Roberts Way site both identified in the legacy communities scheme and under the control of LLDC, the total estimated development value for the additional site is GBP 750 million.
1) LLDC is seeking a developer partner to jointly deliver the development of the sites through a 50%/50% incorporated vehicle (the ‘JV’) which shall be governed by a joint venture agreement;
2) the DA shall provide ultimately for a 250-year leasehold interest of the Sites to be granted to the JV;
3) this opportunity may also include the balance of PDZ 8, the Pudding Mill Lane site and PDZ 12, the Rick Roberts Way site both identified in the legacy communities Scheme and under the control of LLDC, the total estimated development value for the additional site is GBP 750 million. Any such development of these future sites will be in material conformity with the same terms agreed for the sites. Future sites are not guaranteed.
For further information please visit: https://award.bravosolution.co.uk/londonlegacy/web/project/8d9d1916-866d-45d0-9936-9ceb1c32f5cf/register and https://buildthelegacy.co.uk/
3) Stratford Waterfront site is expected to deliver circa 600 resi. units, 35 % will be shared ownership and 2 200 sqm of retail space which LLDC may retain. The Bridgewater site is expected to deliver circa 600 resi. units, 50 % will be affordable housing.
The concession contains social and environmental requirements. Please see the procurement documents for further details.
The Concession Contracts Regulation 2016 applies to this competition as the development agreement and ancillary joint venture documentation are, together, considered to constitute a works concession. The selection questionnaire and information memorandum include indicative information regarding the procurement process, including a high level summary of the award criteria. The full award criteria will be provided within the Invitation to Submit Outline Proposals (‘ISOP’). The estimated total value of the contract may be in the region of GBP 600 million-GBP 700 million with regard to the sites with the non-guaranteed future sites valued up to GBP 750 million.
To respond to this opportunity, please visit: https://award.bravosolution.co.uk/londonlegacy/web/project/8d9d1916-866d-45d0-9936-9ceb1c32f5cf/register
Precise information on deadline(s) for review procedures: 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: 1450000000