Official UK procurement notice
Minster Quarter Reading- Development
Authority: Reading Borough Council (Local council)
What is being bought
Published requirement descriptionMinster Quarter Central is situated to the south west of Reading station on the edge of the core retail area and is in close proximity to the Oracle shopping centre. The site is approximately ten minute's walk from Reading Station and offers frontage onto the Inner Distribution Road (IDR). It also bounds Castle Street and St Mary’s Butts which are historic streets that once formed part of the Saxon Centre of Reading. Both streets fall within the St Mary’s Butts/Castle Street Conservation Area. The Russell Street/ Castle Hill Conservation Area is on the western side of the IDR, opposite the Minster Quarter Area. The site is situated in the heart of Reading’s hugely attractive and busy town centre which acts as the region’s main shopping destination, is a major transport hub and soon to benefit from the opening of the Elizabeth Line. The site adjoins regionally popular Hexagon Theatre and is also located in an area due for significant investment and regeneration in the next few years
CPV: Development services of real estate
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
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).
Published sub-criteria (1)
- Financials: 35
Published award criteria (2)
- Technical/Social Value/Approach to Risk: 45/5/15
- Financials: 35
- Price carries 35 of 35 points: a 10% discount moves about 3.5 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 20 Sept 2022, 12:41 BST
- Last source update
- 6 Feb 2024, 17:13 GMT
- Authority reference
RBC 00001372- FTS notice number
2024/S 000-003959- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-036988Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Review procedure
The relevant deadlines depend on the specific nature of the remedies required and are defined in Regulations 93 & 94 of the Public Contracts Regulations 2015.
Publisher note: All information is available in the documentation available in https://in-tendhost.co.uk/readingbc/aspx/Tenders/Current
How it was run
Official notice- Submission deadline
- 21 Oct 2022, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
Timeline
21 Oct 2022 → 6 Feb 2024 · 4 dates- Submission deadline21 Oct 2022, 12:00 BST
- Contract starts23 Jun 2023, 00:00 BST
- Bids must remain valid until20 Oct 2023, 23:59 BST
- Notice published6 Feb 2024, 17:13 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete6 Feb 2024, 17:13 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| McLaren Living LtdMinster Quarter Reading - Development Opportunity | — | — | Awarded |
Contracts
Minster Quarter Reading - Development Opportunity · McLaren Living Ltd
- Signed
- 6 Feb 2024
- Value
- £220,000,000
- Period
- … – 31 Dec 2027
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of Justice of England and WalesReview body
- The Cabinet OfficeReview contact point
Bidders & participating suppliers
1 commercial party on the notice- McLaren Living LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.