Find a Tender
complete
Official procurement procedure
Retail and elective hub development
Construction work
Construction work for commercial buildings
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: South Warwickshire NHS Foundation Trust: "Retail and elective hub development". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | South Warwickshire NHS Foundation Trust | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: South Warwickshire NHS Foundation Trust
Market Analytics
Derived from OCDS awards & bid statistics
Published history for South Warwickshire NHS Foundation Trust. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
1Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 4 active published awards; 2 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. Published-to-award variance 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 Unpublished data stays unknown.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 AuthoritySouth Warwickshire NHS Foundation Trust | 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 |
Published19 Jan 2023, 17:26 GMT | Last source update19 Jan 2023, 17:26 GMT | Recurring procurementNot published |
ClassificationConstruction work, Construction work for commercial buildings | ||
Delivery area | ||
OCIDocds-h6vhtk-039912 | ||
What is being bought
South Warwickshire University NHS Foundation Trust ("SWFT") intends to enter an option agreement with Noviniti Dev Co 2 Limited ("Noviniti") giving Noviniti the right to call for a ground lease in respect of land at Warwick Hospital ("the Hospital") as the site of a proposed building for intended retail uses and clinical space (“the Potential Development”). It is anticipated that during the option period Noviniti will take steps to identify its initial commercial tenant of the retail space. The contractual arrangements are structured as a land transaction exempt from the Public Contracts Regulations 2015 (“PCR”) and the Concession Contracts Regulations 2016 (“CCR”).
What changed
From the official release history
- Status changed to complete
19 Jan 2023, 17:26 GMT - Official notice release published
19 Jan 2023, 17:26 GMT - Buyer information updated
19 Jan 2023, 17:26 GMT
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedStatus not publishedPublished valueNot publishedSWFT intends to enter into an option agreement for the grant of a ground lease with Noviniti in respect of the site of a proposed building housing retail uses and clinical space at the Hospital. SWFT has structured the contractual arrangements as a land transaction exempt from the Public Contracts Regulations 2015 and the Concession Contracts Regulations 2016.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
19 Jan 2023, 17:26 GMT - Award active
Not published · Not published - Contract active
Signed 18 Jan 2023, 00:00 GMT · Not published
Commercial outcome and competition
Awards Noviniti Dev Co 2 Not published · Not published · active |
Contracts Contract Not published · signed 18 Jan 2023, 00:00 GMT · active |
Bid statistics highestValidBidValue: 17000000 lowestValidBidValue: 13000000 highestValidBidValue: 17000000 (lot 1) lowestValidBidValue: 13000000 (lot 1) |
Buyer and organisations in this procedure
South Warwickshire NHS Foundation Trust
Contracting authority GB-FTS-73289Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published
Planning and rationale
Planning budgetNot published |
No-engagement rationaleNot published |
Procedure rationaleThe subject of this notice is an agreement to be entered into between SWFT and Noviniti for the grant of an option entitling Noviniti to call for the grant of a 45 year Ground Lease of part of SWFT’s freehold land at the Hospital. <br/><br/>The area which will be subject to the option are defined within the Option Agreement and the option period will run for an initial period of 39 weeks (subject to extension). SWFT has had valuation advice and will grant the Ground Lease at a premium which reflects the market value. <br/><br/>The Ground Lease anticipates that Noviniti may choose (but with no obligation to do so) to undertake a Permitted Alteration (in accordance with a Licence for Alterations that may be entered into in relation to the proposed Ground Lease) of a retail use development at the Hospital (the “Potential Development”). The Ground Lease is subject to break clauses in favour of SWFT if no Licence for Alterations has been issued or work on any Permitted Alterations begun at the second anniversary of the relevant Ground Lease. The Ground Lease is subject to a further break clause in favour of SWFT on the 40th anniversary of practical completion of the Potential Development. <br/><br/>The details of the Potential Development will have been agreed between SWFT and Noviniti prior to the grant of the Option Agreement. Noviniti has a right to terminate the Ground Lease if Noviniti has not commenced the works comprising the Potential Development by the date 52 weeks after the date of the Ground Lease. <br/><br/>The exercise of the option by Noviniti to call for the Ground Lease does not trigger any obligation on Noviniti to undertake or on SWFT to procure the Potential Development. If Noviniti decides to undertake the Potential Development (and if SWFT subsequently so decides) Noviniti and SWFT may enter into an agreement for lease providing for the grant by Noviniti of underleases of all or part of the completed development to SWFT and/or a third party, with reversionary leases to SWFT. If that agreement is reached SWFT anticipates that SWFT, Noviniti and the third party (if applicable) will enter into further documents including a deed of variation of the Ground Lease, a Licence for Alterations authorising the Permitted Alteration and underleases of the completed development. <br/><br/>In the event that Noviniti chooses to proceed with the Potential Development, SWFT may also choose (but is under no obligation) to carry out its own further development at the site by adding up to two further floors on top of Noviniti’s development for clinical use by SWFT. Accordingly, the terms of any Licence for Alterations are likely to include technical requirements to enable SWFT to add to the building structure in the future if required. |