Concession notice
Section I: Contracting
authority/entity
I.1) Name and addresses
LONDON BOROUGH OF REDBRIDGE
London Borough of Redbridge
ILFORD
IG27QZ
UK
Contact person: Janet Conde
Telephone: +44 2084963000
E-mail: janet.conde@psprocure.co.uk
NUTS: UKI53
Internet address(es)
Main address: http://www.redbridge.gov.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://procontract.due-north.com/Advert/Index?advertId=36d67066-ecb6-ee11-8127-005056b64545
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://procontract.due-north.com/Advert/Index?advertId=36d67066-ecb6-ee11-8127-005056b64545
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Contract for Development Partner for Seven Kings Development and Community Hub Site
Reference number: DN707635
II.1.2) Main CPV code
45000000
II.1.3) Type of contract
Works
II.1.4) Short description
The London Borough of Redbridge (the Authority) is the freeholder of the site known as Seven Kings Community & Development site at Seven Kings Bridge Car Park Including Public Conveniences And 672, High Road, Seven Kings, Ilford.
The site measures 0.71 hectares and is owned by the Authority. The Authority now wishes to appoint a developer to finance, design and build a community hub facility of at least 1,800m2 to the Authority's requirements (the Hub) on a parcel of the Site. Upon practical completion of the Hub, the Authority will enter into a 999-year lease with the developer to occupy the Hub for peppercorn rent.
To assist with the viability of delivering the Hub the Authority will be inviting bidders (as part of the procurement process) to bid-back on a land value to acquire the Site which will then be transferred by the Authority to the successful bidder under the terms of the scheme.
II.1.5) Estimated total value
Value excluding VAT:
8 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
45112700
45211100
45211300
45211341
45211350
45211360
45212100
45213312
45213316
45233100
71220000
71240000
71251000
71400000
71520000
71530000
71540000
77314000
II.2.3) Place of performance
NUTS code:
UKI53
II.2.4) Description of the procurement
II.2.4) Description of the procurement:
The London Borough of Redbridge (the Authority) is the freeholder of the site known as Seven Kings Community & Development site at Seven Kings Bridge Car Park Including Public Conveniences And 672, High Road, Seven Kings, Ilford.
The site measures 0.71 hectares and is owned by the Authority. The Authority now wishes to appoint a developer to finance, design and build a community hub facility of at least 1,800m2 to the Authority's requirements (the Hub) on a parcel of the Site. Upon practical completion of the Hub, the Authority will enter into a 999-year lease with the developer to occupy the Hub for peppercorn rent.
To assist with the viability of delivering the Hub the Authority will be inviting bidders (as part of the procurement process) to bid-back on a land value to acquire the Site which will then be transferred by the Authority to the successful bidder under the terms of the scheme.
In addition to the development of the Hub the Authority will be requiring the successful developer to also deliver for its own benefit a mixed-use residential development on the Site to assist with the affordability of delivering the Hub in accordance with the provisions of a Masterplan and the Satisfactory Planning Permission. However, the Authority will not be specifying any minimum requirements or volumes that must be delivered on the wider Site in respect of the mixed-use development as the Authority will not be acquire any of these completed outputs on practical completion.
Interested developers should be aware that whilst the expectation is for the delivery of a mixed use development on the Site (with a minimum percentage of which to be for Affordable Housing), subject to planning, alternative outputs may be delivered on the Site.
II.2.6) Estimated value
Value excluding VAT:
8 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months: 30
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
The estimated values in II.1.5 and II.2.6 represent the estimated capital cost of delivering the community hub only. It does not include the potential commercial value of the wider development opportunity of the Site. As such 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.
The duration of the concession stated in II.2.7 is the estimated construction period of the Hub. The scheme will also incorporate obligations to deliver development on the wider Site with within a period of 10 years. Further details of the scheme programme and property structure of the scheme are contained in the procurement documents.
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
18/03/2024
Local time: 16:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.3) Additional information
The Concession Contracts Regulation 2016 (CCR) applies to the competition. The Authority intends to follow a process similar to the Competitive Procedure with Negotiation procedure as described in the Public Contracts Regulations 2015 (PCR). However, it reserves the right to deviate from the formalities of the PCR in conducting the competition due to the flexibilities permitted by the CCR.
Award criteria and further procurement documents will be provided at the commencement of the Initial Tender competition stage to bidders that are successfully shortlisted to participate.
Submission of applications must be by way of completion and return of the selection questionnaire (SQ) (in accordance with the requirements set out in the SQ as available via the link referred to in I.3)) by the date and time specified in Section IV.2.2). The Council reserves the right not to accept submission of applications that are received after the deadline. Bidders are encouraged to submit their submission well in advance of the stated date and time in order to avoid issues such as technical difficulties with the electronic system that may be due to high volumes of traffic attempting to submit applications on the same date at the same time.
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.
VI.4) Procedures for review
VI.4.1) Review body
The High Court of Justice
The Royal Court of Justice, The Strand
London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
15/02/2024