Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme

{
  "id": "015310-2023",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 1,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2023-05-30T17:18:49+01:00",
  "ocid": "ocds-h6vhtk-03d060",
  "buyer": {
    "id": "GB-FTS-58168",
    "name": "Bolton Council"
  },
  "awards": [
    {
      "id": "015310-2023-1",
      "title": "Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-84027",
          "name": "Capital & Centric (Cocoon) Limited"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "DN672415",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "The scheme is publicly funded through an agreed funding strategy comprising a combination of grant and loan financing from Bolton Council, Future High Street Funds, Brownfield funds, and lending from Greater Manchester Combined Authority (“GMCA”).\nBolton Council intends to enter into an Option Agreement, with an annexed Buy Back Option and a Price & Overage Deed with Capital & Centric (Cocoon) Ltd. (“C&C”) for the planned regeneration development at Farnworth Town Centre.\nThe Option Agreement places an obligation on Bolton Council to sell the land at Farnworth Town Centre to C&C should C&C exercise the option.\nShould C&C exercise the option to buy the land, it can as the developer, develop the land in accordance with planning permission (subject to permitted variations) if it chooses to, but is not required to do so.\nBolton Council can exercise the Buy Back Option if;\ni.\tThe funding agreement with GMCA is not entered into in line with the agreed funding strategy; and/or\nii.\tA forward purchase agreement is not entered into in line with the agreed funding strategy; and/or\niii.\tThere is, broadly, an insolvency event in relation to C&C; and/or\niv.\tPractical completion of the development is not reached within a certain timeframe.\nThe Price & Overage Deed allows for deferred consideration payable for the property to Bolton Council shortly after practical completion which will be secured by way of a charge.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Price & Quality",
              "type": "cost",
              "description": "100%"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKD3"
          }
        ],
        "additionalClassifications": [
          {
            "id": "45000000",
            "scheme": "CPV",
            "description": "Construction work"
          }
        ]
      }
    ],
    "title": "Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The contracting authority is not awarding a contract - This is a 30 day VEAT Notice in respect of the proposed Farnworth Town Centre Development Scheme, due to commence on or around 3 July 2023.",
    "classification": {
      "id": "45000000",
      "scheme": "CPV",
      "description": "Construction work"
    },
    "procurementMethod": "limited",
    "mainProcurementCategory": "works",
    "procurementMethodDetails": "Award procedure without prior publication of a call for competition",
    "procurementMethodRationale": "Bolton Council considers that the contract with C&C for the regeneration development at Farnworth Town Centre falls outside the scope of Public Contract Regulations 2015 (“PCR 2015”) as it is not a public works contract.\nThe site at Farnworth Town Centre has been fully vacant for twelve months and provides an opportunity for land disposal and development to regenerate the area.  The development will include a varied mix of residential units and commercial units.\nWhilst Bolton Council has set certain requirements in relation to any development that takes place, C&C is not required to develop the land at all.  In any event, if C&C does develop the land, certain variations are permissible to the requirements.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "D_OUTSIDE_SCOPE",
        "scheme": "TED_PT_AWARD_CONTRACT_WITHOUT_CALL",
        "description": "The procurement falls outside the scope of application of the directive"
      }
    ]
  },
  "parties": [
    {
      "id": "GB-FTS-58168",
      "name": "Bolton Council",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKD3",
        "locality": "Bolton",
        "postalCode": "BL1 1RU",
        "countryName": "United Kingdom",
        "streetAddress": "3rd Floor Bolton Town Hall, Victoria Square"
      },
      "details": {
        "url": "http://www.bolton.gov.uk/",
        "buyerProfile": "http://www.bolton.gov.uk/",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
            "description": "Regional or local authority"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Bolton Council"
      },
      "contactPoint": {
        "name": "Mrs Sarah Atherton",
        "email": "sarah.atherton@bolton.gov.uk",
        "telephone": "+44 0"
      }
    },
    {
      "id": "GB-FTS-84027",
      "name": "Capital & Centric (Cocoon) Limited",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKD3",
        "locality": "Manchester",
        "postalCode": "M1 2EY",
        "countryName": "United Kingdom",
        "streetAddress": "Phoenix, 72 Chapeltown Street"
      },
      "details": {
        "scale": "sme"
      },
      "identifier": {
        "id": "13742684",
        "legalName": "Capital & Centric (Cocoon) Limited"
      }
    },
    {
      "id": "GB-FTS-58192",
      "name": "Bolton Council",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Bolton",
        "postalCode": "BL1 1RU",
        "countryName": "United Kingdom",
        "streetAddress": "Town Hall, Victoria Square"
      },
      "identifier": {
        "legalName": "Bolton Council"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "015310-2023-1",
      "title": "Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme",
      "value": {
        "amount": 28200000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "015310-2023-1",
      "dateSigned": "2023-05-30T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}