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Multi-level Industrial Development

Buyer: GLA Land and Property Limited →

Participate on procontract.due-north.com ↗External submission platform

BuyerGLA Land and Property Limited
StatusClosed
Deadline1 Nov 2022
Value£106,943,267
Published30 Sept 2022

What is being bought

75 Bugsby's Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community. GLA Land & Property (GLAP) is a subsidiary company of the Greater London Authority, formed in 2012, it is one of the largest public sector landowners in London. The GLA is undertaking a procurement for the development of this site as part of the Mayor's plans to regenerate the Greenwich Peninsula. The successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return.

Delivery location

UKI

Categories

Construction work 45000000Real estate services 70000000Architectural, construction, engineering and inspection services 71000000Construction work 45000000

Lot details

Lot 1

The key objectives of the procurement include: - The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space; - The production of a façade design that is reflective of the innovative nature of the building; - sustainability, both during and after construction; - achieving commercial value for the site; and - meeting prospective occupiers' demands; - achieving local economic development benefits The successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer. The successful developer will be required to provide a fixed payment of at least 50% of the total value as a lump sum upon practical completion. The remaining value will be due as a variable payment to be paid within five years of practical completion. The mechanism for calculating the variable payment and the date when it is due will be agreed between the parties.

Statusactive

What is included

ItemCategoryQuantity
1Construction work, Real estate services, Architectural, construction, engineering and inspection servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 45. The category anchor is Construction work (45000000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 4517,1274 median · 30.2 average (5,652 of 17,127 with a bid count)3.8 average (6,245 of 17,127 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UKI1,8844 median · 30.3 average (770 of 1,884 with a bid count)3.6 average (808 of 1,884 with named award suppliers)Not published
Similar published value (0.5×–2×)5283 median · 86 average (7 of 528 with a bid count)8.6 average (7 of 528 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNo
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

  • economicSelectionCriteria
  • technicalSelectionCriteria

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-03719c
Latest release ID027420-2022
Latest release timestampFri Sep 30 2022 08:48:01 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodselective
Procurement method detailsCompetitive procedure with negotiation
Main procurement categoryworks
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2022-11-01T17:00:00Z
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailshttps://procontract.due-north.com
Submission languagesen
Electronic catalogue policyNot published
Total tender value£106,943,267
Tender lots in source1
Tender items in source1
Tender documents in source2
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
30 Sept 2022tender027420-2022

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "027420-2022",
  "tag": [
    "tender"
  ],
  "date": "2022-09-30T09:48:01+01:00",
  "ocid": "ocds-h6vhtk-03719c",
  "buyer": {
    "id": "GB-FTS-64803",
    "name": "GLA Land and Property Limited"
  },
  "tender": {
    "id": "DN615241",
    "lots": [
      {
        "id": "1",
        "status": "active",
        "hasOptions": false,
        "hasRenewal": false,
        "description": "The key objectives of the procurement include:\n- The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space;\n- The production of a façade design that is reflective of the innovative nature of the building;\n- sustainability, both during and after construction;\n- achieving commercial value for the site; and\n- meeting prospective occupiers' demands;\n- achieving local economic development benefits\nThe successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer.\nThe successful developer will be required to provide a fixed payment of at least 50% of the total value as a lump sum upon practical completion. The remaining value will be due as a variable payment to be paid within five years of practical completion. The mechanism for calculating the variable payment and the date when it is due will be agreed between the parties.",
        "secondStage": {
          "maximumCandidates": 4
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        "contractPeriod": {
          "durationInDays": 2520
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
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        "additionalClassifications": [
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            "id": "70000000",
            "scheme": "CPV",
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          },
          {
            "id": "71000000",
            "scheme": "CPV",
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        ]
      }
    ],
    "title": "Multi-level Industrial Development",
    "value": {
      "amount": 106943267,
      "currency": "GBP"
    },
    "status": "active",
    "coveredBy": [
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    "documents": [
      {
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      "scheme": "CELEX"
    },
    "description": "75 Bugsby's Way is a 3.38- acre industrial site on the Greenwich Peninsula, with excellent links to central London and from the M25. It is owned by Greater London Authority Land and Property (GLAP). The site has significant potential for intensive industrial/logistics development that is expected to attract a variety of businesses and provide employment opportunities to the local community.\nGLA Land & Property (GLAP) is a subsidiary company of the Greater London Authority, formed in 2012, it is one of the largest public sector landowners in London.\nThe GLA is undertaking a procurement for the development of this site as part of the Mayor's plans to regenerate the Greenwich Peninsula.\nThe successful developer will negotiate a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop and build a new multi-storey industrial development. The successful developer will then need to find tenants to generate a return.",
    "secondStage": {
      "invitationDate": "2023-01-23T00:00:00Z",
      "noNegotiationNecessary": true
    },
    "tenderPeriod": {
      "endDate": "2022-11-01T17:00:00Z"
    },
    "contractTerms": {
      "performanceTerms": "The development partner may be required to actively participate in the achievement of social and/or environmental policy objectives relating to recruitment and training and supply-chain initiatives. Accordingly contract performance conditions may relate to social and environmental considerations."
    },
    "hasRecurrence": false,
    "reviewDetails": "In accordance with Regulation 55 (Informing candidates and tenderers);\nRegulation 87 (Standstill period) and Regulation 88 to 104 of the Public Contracts Regulations 2015 (‘PCR 2015’).\nFollowing any decision to award the contract the contracting authority will provide debriefing information to unsuccessful bidders in accordance with Regulation 86 PCR 2015 and observe a minimum 10 day standstill period (in accordance with Regulation 87 PCR 2015) before the contract is entered into.\nBidders should note that the procurement documents provide indicative information of the GLA's intended approach in the procurement process at this stage and are for general information only.\nThe GLA reserves the right to vary, amend and update any aspects of the procurement documents and final details and versions of the procurement documents will be confirmed to applicants successful in being selected to participate in the relevant tender stages of the procurement procedure.\nThe GLA reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this Contract Notice.",
    "classification": {
      "id": "45000000",
      "scheme": "CPV",
      "description": "Construction work"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ]
    },
    "submissionMethod": [
      "electronicSubmission"
    ],
    "procurementMethod": "selective",
    "mainProcurementCategory": "works",
    "submissionMethodDetails": "https://procontract.due-north.com",
    "procurementMethodDetails": "Competitive procedure with negotiation"
  },
  "parties": [
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      "id": "GB-FTS-64803",
      "name": "GLA Land and Property Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI51",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "5 Endeavour Square"
      },
      "details": {
        "url": "https://tfl.gov.uk",
        "buyerProfile": "https://tfl.gov.uk",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
          },
          {
            "scheme": "COFOG",
            "description": "Industrial Development"
          }
        ]
      },
      "identifier": {
        "legalName": "GLA Land and Property Limited"
      },
      "contactPoint": {
        "url": "https://procontract.due-north.com",
        "name": "Delphina Jones",
        "email": "v_DelphinaJones@tfl.gov.uk"
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    },
    {
      "id": "GB-FTS-4512",
      "name": "High Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom",
        "streetAddress": "The Royal Court of Justice, The Strand"
      },
      "identifier": {
        "legalName": "High Courts of Justice"
      }
    }
  ],
  "language": "en",
  "description": "The GLA intends to conduct a multi-stage procurement procedure with the option of reducing the number of tenderers to continue negotiations at each stage. Award criteria and further procurement documents will be provided by the commencement of the tender & negotiation stages to bidders shortlisted to participate.\nExpressions of interest 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).\nThe estimated values in II.1.5 represent the maximum potential gross development value to the developer. 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.",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
30 Sept 2022 · 027420-2022 · tender
{
  "id": "027420-2022",
  "tag": [
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  "date": "2022-09-30T09:48:01+01:00",
  "ocid": "ocds-h6vhtk-03719c",
  "buyer": {
    "id": "GB-FTS-64803",
    "name": "GLA Land and Property Limited"
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    "id": "DN615241",
    "lots": [
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        "description": "The key objectives of the procurement include:\n- The development of a multi-level industrial/logistics scheme with a wide range of unit sizes/types, including SME space;\n- The production of a façade design that is reflective of the innovative nature of the building;\n- sustainability, both during and after construction;\n- achieving commercial value for the site; and\n- meeting prospective occupiers' demands;\n- achieving local economic development benefits\nThe successful developer will own a 250-year leasehold to the land and enter into an agreement with GLAP to design, develop, and build a multi-storey industrial/logistics development. Responsibility for attaining planning consent will lie with the successful developer.\nThe successful developer will be required to provide a fixed payment of at least 50% of the total value as a lump sum upon practical completion. The remaining value will be due as a variable payment to be paid within five years of practical completion. The mechanism for calculating the variable payment and the date when it is due will be agreed between the parties.",
        "secondStage": {
          "maximumCandidates": 4
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        "contractPeriod": {
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        "submissionTerms": {
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            "description": "Real estate services"
          },
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            "id": "71000000",
            "scheme": "CPV",
            "description": "Architectural, construction, engineering and inspection services"
          }
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    },
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    "secondStage": {
      "invitationDate": "2023-01-23T00:00:00Z",
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    },
    "tenderPeriod": {
      "endDate": "2022-11-01T17:00:00Z"
    },
    "contractTerms": {
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    },
    "hasRecurrence": false,
    "reviewDetails": "In accordance with Regulation 55 (Informing candidates and tenderers);\nRegulation 87 (Standstill period) and Regulation 88 to 104 of the Public Contracts Regulations 2015 (‘PCR 2015’).\nFollowing any decision to award the contract the contracting authority will provide debriefing information to unsuccessful bidders in accordance with Regulation 86 PCR 2015 and observe a minimum 10 day standstill period (in accordance with Regulation 87 PCR 2015) before the contract is entered into.\nBidders should note that the procurement documents provide indicative information of the GLA's intended approach in the procurement process at this stage and are for general information only.\nThe GLA reserves the right to vary, amend and update any aspects of the procurement documents and final details and versions of the procurement documents will be confirmed to applicants successful in being selected to participate in the relevant tender stages of the procurement procedure.\nThe GLA reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this Contract Notice.",
    "classification": {
      "id": "45000000",
      "scheme": "CPV",
      "description": "Construction work"
    },
    "submissionTerms": {
      "languages": [
        "en"
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    },
    "submissionMethod": [
      "electronicSubmission"
    ],
    "procurementMethod": "selective",
    "mainProcurementCategory": "works",
    "submissionMethodDetails": "https://procontract.due-north.com",
    "procurementMethodDetails": "Competitive procedure with negotiation"
  },
  "parties": [
    {
      "id": "GB-FTS-64803",
      "name": "GLA Land and Property Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI51",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "5 Endeavour Square"
      },
      "details": {
        "url": "https://tfl.gov.uk",
        "buyerProfile": "https://tfl.gov.uk",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
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      "address": {
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        "countryName": "United Kingdom",
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      },
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  "description": "The GLA intends to conduct a multi-stage procurement procedure with the option of reducing the number of tenderers to continue negotiations at each stage. Award criteria and further procurement documents will be provided by the commencement of the tender & negotiation stages to bidders shortlisted to participate.\nExpressions of interest 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).\nThe estimated values in II.1.5 represent the maximum potential gross development value to the developer. 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.",
  "initiationType": "tender"
}