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Official procurement procedure

Development at Friar's Close, Bear Lane and 1 and 3 Burrell Street, London

Construction work
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: The Riverside Group Limited and Riverside Regeneration (Southwark) Limited: "Development at Friar's Close, Bear Lane and 1 and 3 Burrell Street, London". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityThe Riverside Group Limited and Riverside Regeneration (Southwark) LimitedScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: The Riverside Group Limited and Riverside Regeneration (Southwark) Limited
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for The Riverside Group Limited and Riverside Regeneration (Southwark) Limited. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
Not availableNo published reports
Bid counts are not published for this buyer
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 5 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityThe Riverside Group Limited and Riverside Regeneration (Southwark) Limited
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published8 Mar 2022, 14:21 GMT
Last source update8 Mar 2022, 14:21 GMT
Recurring procurementNot published
ClassificationConstruction work
Delivery area
London (UKI)
OCIDocds-h6vhtk-031f42
What is being bought
The Project is the carrying out of a mixed tenure housing development on the Site at 1 to 26 Friar's Close, Bear Lane and 1 and 3 Burrell Street, through a joint venture arrangement. Subject to detailed design / planning, it is anticipated that the development will comprise the construction of between 80 and 120 new homes. The affordable/ private unit split has yet to be fully determined, though as a minimum the development will involve the re-provision of 28 existing affordable units on the Site.
What changed
From the official release history
  1. Status changed to complete
    8 Mar 2022, 14:21 GMT
  2. Official notice release published
    8 Mar 2022, 14:21 GMT
  3. Buyer information updated
    8 Mar 2022, 14:21 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    The Project is the carrying out of a mixed tenure housing development on the Site at 1 to 26 Friar's Close, Bear Lane and 1 and 3 Burrell Street, through a joint venture arrangement. Subject to detailed design / planning, it is anticipated that the development will comprise the construction of between 80 and 120 new homes. The affordable/ private unit split has yet to be fully determined, though as a minimum the development will involve the re-provision of 28 existing affordable units on the Site. The joint venture contractual arrangements between the parties will be structured as follows: (i) Riverside Regeneration (Southwark) Limited (RRS) (an entity within the same group as The Riverside Group Limited (RGL)) and Mount Anvil (Friars Close) Limited will form a joint venture entity (the "LLP") on a 50/50 basis pursuant to the terms of an LLP Agreement; (ii) RGL will transfer a long leasehold interest in the Site to the LLP pursuant to the terms of an Agreement for Lease; (iii) The LLP will award a Construction Contract to Mount Anvil Limited for the carrying out of the construction works on the Site. The construction works will consist of the construction of the affordable and private sale units, and associated infrastructure works. The estimated value of the Construction Contract is between £20 million and £40 million; (iv) The LLP will enter into a Development Management Agreement (DMA) with Mount Anvil (Development Management) Limited. Under the DMA Mount Anvil (Development Management) Limited will provide various development management, planning, sales and marketing services in relation to the development. The estimated value of the DMA is between £1 million and £2 million; (v) The LLP will sell the private units that are constructed on the Site on the open market; and (vi) RGL will enter into an Affordable Housing Development Agreement with the LLP for the delivery of the affordable housing units that are constructed on the Site. The affordable units will be retained by RGL following completion. The estimated value of the Affordable Housing Development Agreement is between £10 million and £20 million.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    8 Mar 2022, 14:21 GMT
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Award active
    Not published · Not published
  5. Award active
    Not published · Not published
  6. Award active
    Not published · Not published
  7. Contract active
    Signed 8 Mar 2022, 00:00 GMT · £1
  8. Contract active
    Signed 8 Mar 2022, 00:00 GMT · £2,900,000
  9. Contract active
    Signed 8 Mar 2022, 00:00 GMT · Not published
  10. Contract active
    Signed 8 Mar 2022, 00:00 GMT · Not published
  11. Contract active
    Signed 8 Mar 2022, 00:00 GMT · Not published
Commercial outcome and competition
Awards
Mount Anvil (Friars Close) Limited
Not published · Not published · active
The LLP
Not published · Not published · active
Mount Anvil Limited
Not published · Not published · active
Mount Anvil (Development Management) Limited
Not published · Not published · active
The LLP
Not published · Not published · active
Contracts
LLP Agreement
£1 · signed 8 Mar 2022, 00:00 GMT · active
Agreement for Lease
£2,900,000 · signed 8 Mar 2022, 00:00 GMT · active
Construction Contract
Not published · signed 8 Mar 2022, 00:00 GMT · active
Development Management Agreement
Not published · signed 8 Mar 2022, 00:00 GMT · active
Affordable Housing Development Agreement
Not published · signed 8 Mar 2022, 00:00 GMT · active
Bid statistics
highestValidBidValue: 50000000
lowestValidBidValue: 30000000
highestValidBidValue: 40000000 (lot 1)
highestValidBidValue: 2000000 (lot 1)
highestValidBidValue: 20000000 (lot 1)
lowestValidBidValue: 20000000 (lot 1)
lowestValidBidValue: 1000000 (lot 1)
lowestValidBidValue: 10000000 (lot 1)
Buyer and organisations in this procedure

The Riverside Group Limited and Riverside Regeneration (Southwark) Limited

Contracting authority GB-FTS-46328
View buyer profile

  • The Riverside Group Limited and Riverside Regeneration (Southwark) Limited
    buyer

    2 Estuary Boulevard, Speke, Liverpool, UKI, L24 8RF
    Ben.Mansell@riverside.org.uk
    +44 7969610709

  • High Court
    reviewBody

    London

  • Mount Anvil (Development Management) Limited
    supplier

    London, UKI

  • Mount Anvil (Friars Close) Limited
    supplier

    London, UKI

  • Mount Anvil Limited
    supplier

    London, UKI

  • The LLP
    supplier

    London, UKI
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe Contracting Authorities consider that the contractual arrangements referred to in section II.2.4 of this Notice fall outside the scope of the Public Contracts Regulations 2015 (PCR) for the following reasons: 1. The LLP Agreement is an agreement for the establishment, governance and operation of the LLP. It is not a works, services or supply contract for the purposes of the PCR, hence it falls outside of their scope. 2. The Agreement for Lease is an agreement for the disposal of an interest in land, and so is excluded from the scope of the PCR by virtue of Regulation 10(1)(a) of the PCR. It will not place the LLP under a positive and enforceable obligation to develop the Site to a specification prescribed by RGL. 3. The Construction Contract and DMA to be awarded by the LLP fall outside the scope of the PCR because the LLP will not meet the definition of a "body governed by public law" in Regulation 2(1) of the PCR nor, therefore, will it be classified as a "contracting authority" for the purposes of the PCR. This is due to the fact that the LLP will have a commercial character on account of it being a "for profit" entity with general commercial objects which exists for the predominant purpose of maximising profits from the development activities it undertakes. 4. The Affordable Housing Development Agreement is to be awarded by RGL to the LLP pursuant to Regulation 32(2)(b)(iii) of the PCR. Due to an exclusive right which the LLP will have at the point of award of the Agreement (being its leasehold interest in the Site) RGL will only be able to appoint the LLP to deliver the affordable units for it. It will not be in position to procure the delivery of the affordable housing units from any other party.