Official UK procurement notice
Joint Venture for the Alton Estate Regeneration
Authority: London Borough of Wandsworth (Local council)
Wandsworth Borough Council is seeking establish a 50:50 joint venture (JV) with a private sector partner (PSP) in relation to the regeneration of the Alton Estate, Roehampton SW15. In order to realise this ambition, the Council is seeking to procure the PSP with whom to establish the JV development vehicle, specifically to redevelop multiple sites within the Alton West and Alton East Estates. The PSP should be suitably qualified and experienced in delivering large scale mixed-use developments within an estate renewal context and be prepared to undertake a number of roles and responsibilities in order to achieve the successful regeneration of the Alton Estate in accordance with the Council’s objectives. It is expected that the PSP will also provide working capital required to cover construction and development costs.
What is being bought
Published requirement descriptionWandsworth Borough Council is seeking establish a 50:50 joint venture (JV) with a private sector partner (PSP) in relation to the regeneration of the Alton Estate, Roehampton SW15. In order to realise this ambition, the Council is seeking to procure the PSP with whom to establish the JV development vehicle, specifically to redevelop multiple sites within the Alton West and Alton East Estates. The Development Site totals circa 12.5 hectares (30.94 acres), and benefits from a hybrid planning consent permitting the development of 1,108 new and replacement high quality homes alongside a range of community, leisure and commercial uses.
The Council may elect as its absolute discretion to bring future sites within Alton East & West and Clarence Lane estate into the JV for development (Future Sites). Please refer to the draft procurement documents being released at this stage (specifically the Draft Invitation to Participate in Dialogue) for more information.
CPV: Construction work
The lotProcurement structure
single lot · value publishedLot #1The Council is seeking to procure a PSP in order to establish an incorporated 50:50 JV…RenewalPublished value£700,000,000
The Council is seeking to procure a PSP in order to establish an incorporated 50:50 JV for the redevelopment of multiple sites within the Alton West and Alton East Estates located immediately to the east of Richmond Park in South-West London. Together these areas total circa 12.5 hectares (30.94 acres) and benefit from a hybrid planning consent permitting the development of 1,108 new and replacement high quality homes alongside a range of non-residential uses. The Council anticipates discussing with bidders during dialogue opportunities to enhance the permission.
The PSP should be suitably qualified and experienced in delivering large scale mixed-use developments within an estate renewal context and be prepared to undertake a number of roles and responsibilities in order to achieve the successful regeneration of the Alton Estate in accordance with the Council’s objectives. The Council will contribute land into the JV on a phased basis under a 250 year lease and may provide funding via loans or equity contributions. It is expected that the PSP will also provide working capital required to cover construction and development costs.
To support the regeneration, it is expected that the PSP will provide services to the JV which may include (but are not limited to) development management services to the JV and construction services, and will be expected to work effectively with a range of stakeholders in delivering the required services.
The estimated contract value of this opportunity is £700,000,000. This figure is based on the estimated gross development value for the Development Site (£600,000,000) and a reasonable forecast for the Future Sites that may be delivered by the JV during the contract term (£100,000,000).
Further details of this opportunity are set out in the procurement documents. Please see Section VI.3. Additional information: The procurement will be conducted in accordance with the Public Contracts Regulations 2015 as amended, and successor legislation which may follow, using the competitive dialogue procedure as set out in Regulation 30 of the Public Contracts Regulations 2015.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Suitability
As set out within the procurement documents.
- Successive reduction
- Candidates will be reduced successively across stages
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive dialogue
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Works
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 11 Mar 2022, 18:15 GMT
- Last source update
- 11 Mar 2022, 18:15 GMT
- Authority reference
2942- FTS notice number
2022/S 000-006768- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03210aFind a Tender
- Performance terms
Where bidders are bidding as part of a group of economic operators (e.g. a consortium), the Council reserves the right to require bidders to assume a specific legal form for the purpose of the award of the contract (e.g. establishing a special purpose vehicle (“SPV”) to act as the PSP member of the JV). Furthermore, where an economic operator relies upon the capacities of other entities with regard to criteria relating to economic and financial standing, the Council reserves the right to require that the economic operator and those entities to be jointly and severally liable.
Publisher note: The SQ and the Information Memorandum can be accessed via the Portal. The Council will evaluate Candidates' responses to the SQ and intends to shortlist 3 Candidates in accordance with the process set out in the SQ. The Council then intends to issue an Invitation to Participate in Dialogue to those bidders that have been selected to be invited to participate in dialogue. The Draft Invitation to Participate in Dialogue, which includes the objectives of the opportunity and draft Key Legal Principles, is being issued at this SQ stage via the Portal to explain the proposed approach to the procurement process. The issue of this draft procurement documentation is for information only and does not amount to an invitation to participate in dialogue. The Council reserves the right not to award the contracts in whole or in part, to abandon, terminate, amend or re-wind the procurement process and does not bind itself to accept any tender. The Council shall not be liable under any circumstances for any costs, charges or expenses incurred by any Candidate or bidder in responding to this notice or in taking part in the procurement process. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-London:-Construction-work./AUA33N4M9W To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/AUA33N4M9W GO Reference: GO-2022311-PRO-19771527
How it was run
Official notice- Submission deadline
- 14 Apr 2022, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 360 days from the deadline
Timeline
11 Mar 2022 → 17 May 2022 · 3 dates- Notice published11 Mar 2022, 18:15 GMT
- Submission deadline14 Apr 2022, 12:00 BST
- Invitations to tender expected17 May 2022, 00:00 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Cabinet OfficeMediation body
- Royal Courts of JusticeReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria