Public procurement notice: Works Concession
Published: 2017-08-22
Buyer: London Borough of Newham
Country: UK
Contract type: Works
Procedure: Concession award procedure
CPV classification: 45111000 | 45112700 | 45210000: Building construction work | 45211300 | 45211340
Estimated value: 1500000000 GBP
Submission deadline: 2017-10-24
Award criteria: Other

Technical requirements: The London Borough of Newham is seeking a regeneration partner to enter into a corporate Joint Venture to deliver the comprehensive redevelopment of Carpenters Estate in Stratford through a residential led mixed-used development and to also hold and manage a portion of developed assets for income streams. This involves an opportunity to develop 23 acres of land with scope to provide in the region of 3 000 new homes as well as a new education quarter and mix of commercial uses. The partner will need to be able to deliver successful place-making through high quality urban design and architecture, planning and development management. The scheme will be delivered through separate or single corporate joint venture structures whereby the Council as a landowner will contract with the JV vehicle(s) in which it will be itself a shareholder. The scheme involves a partnership approach to regeneration with a focus on wider stakeholder engagement with a range of public sector organisations.
The site is situated in the centre of Stratford and is adjacent to Stratford Station, Westfield Shopping Centre and the Queen Elizabeth Olympic Park within the London Borough of Newham, UK.
The opportunity is to deliver in the region of 3 000 mixed tenure residential units which will also involve: delivering in excess of 1 000 affordable homes across a range of tenures; improving the public realm community and open space; connecting surrounding areas including access to Stratford Station; reproviding and expanding Carpenters Primary Sch; developing an improved Building Crafts College; reproviding new community leisure and health facilities; and delivering commercial space (business, retail and hospitality etc.) to attract commercial and employment opportunities to the area. The role involves securing funding and detailed planning consents, constructing, selling and post-sale management and also long-term stewardship and management of developed assets of this large scale phased development. Further details about the scope are set out in the Memorandum of Information and Heads of Terms as part of the procurement documents available at www.capitalesourcing.com (ref:OSN_631).
II.1.5 and II.2.6 above represent the estimated potential commercial value of the development. However, potential returns will depend on many commercial factors including (but not limited to) the performance of the developer and market conditions. Assets acquired by the JV for revenue streams will be subject to business case approvals during the partnership. Continues VI.3 below.
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/or environmental consideration.
II.2.7 relates to the 50 year duration of the long-term management of assets under the JV arrangements. The duration of the development phase is estimated to be 15 years.
Bidders should seek independent legal and commercial advice in relation to the potential value of the opportunity and the schemes as a whole.
Award criteria and further procurement documents will be provided at the commencement of the competitive dialogue stages 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). The SQ is available as part of the procurement documents via www.capitalesourcing.com
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 be 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.
The Concession Contracts Regulation 2016 (CCR 2016) applies to the competition. The Council intends to follow a process similar to the Competitive Dialogue procedure described in the Public Contracts Regulations 2015 (as amended) (PCR 2015). However, it reserves the right to deviate from the formalities of the PCR 2015 in conducting the competition due to flexibilities permitted by the CCR 2016.
Bidders should note that the procurement documents (including the Memorandum of Information and Heads of Terms) provide indicative information of the Council's intended approach in the procurement process at this stage and are for general information only. The Council reserves the right to vary, amend and update any aspects of the procurement documents and final details and versions of the procurement documents will be confirmed to applicants successful in being selected to participate in the relevant tender stages of the procurement procedure.
The Council 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.


Award value: 1500000000