Public procurement notice: Works Concession
Published: 2017-07-12
Buyer: Wirral Borough Council
Country: UK
Contract type: Works
Procedure: Concession award procedure
CPV classification: 45111000 | 45112700 | 45112720 | 45112721 | 45210000: Building construction work
Estimated value: 1000000000 GBP
Submission deadline: 2017-08-08
Award criteria: Other

Technical requirements: The Council is seeking to appoint a partner to form a long term (up to 15 years) corporate joint venture property vehicle (on a 50:50 ownership basis to secure investment and expertise to deliver Wirral's property regeneration and asset transformation strategy.
This is a major regeneration and mixed-use development project to deliver new office, business, retail and leisure developments; industrial and commercial developments; infrastructure; housing and residential accommodation; extra care housing; public realm; community facilities, extra care schemes and hotels and to develop the area to encourage businesses to invest in Wirral. It may also involve maintaining developed assets and managing assets for the Council or in partnership with the Council for a long-term revenue stream. The opportunity will focus on Council owned sites throughout the borough and potentially other sites acquired by the Council (including through the JV) during the joint venture period.
The partner through the JV will undertake development and provide services to the Council including (but not limited to) master planning; strategic development consultancy advice, environmental consultancy advice; technical and building services; architectural design; urban design and landscaping; land assembly; physical construction and development, marketing and disposal of development assets; energy generation; asset maintenance and management services.
32 + assets marked for potential development (estimated value: 250 000 000— 500 000 000 GBP), 5 priority areas (Birkenhead, Moreton (including Foxfield), Bebington, Wallasey and Bromborough (MoD)) containing 11 priority sites. Additional assets for development or acquisition in the Borough of Wirral and Merseyside may be identified.
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 including (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.
Contract conditions may relate to achieving social and/or environmental policy objectives linked to recruitment, training and supply-chain initiatives.
The Council and partner will each invest in and hold a 50 % interest in the JV (% interest subject to dialogue negotiation). The value of the Council's interest is expected to be based on the value of the assets it commits to the JV, which may be value-matched with investment (which may include cash, assets or services) from the PSP or other approaches to financing (in particular for specific sites with viability issues) and sharing returns from the developments and services discussed with bidders in dialogue.
The JV may be required to develop other sites acquired by the Council (or the JV) in other locations in the UK.
Further information in Memorandum of Information, including a list of assets/sites, at: http://www.the-chest.org.uk
The Concession Contracts Regulation 2016 (CCR 2016) applies to the award. The Council intends to follow a process similar to the Competitive Dialogue procedure in the Public Contracts Regulations 2015 (as amended) (PCR 2015). It reserves the right to deviate from the formalities of the PCR 2015 in conducting the competition due to the flexibilities permitted by the CCR 2016. Award criteria and further concession documents will be provided at the start 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 by the time limit in Section IV.2.2 above). The SQ is available via https://www.capitalesourcing.com/web/login.shtml. 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.

Eligibility requirements: 1,000 Characters.

Award value: 1000000000