Official UK procurement notice
Package Deal at Corinthian Way, Cheltenham
Authority: GUINNESS DEVELOPMENTS LIMITED
What is being bought
Published requirement descriptionGuinness Developments Limited (GDL") have awarded a build contract with Stonebond Properties (Birmingham) Limited. This scheme is a traditional land and build "package" brough to GDL by Stonebond, which will result in the construction of up to 60 homes on land at Corinthian Way, Cheltenham, GL51 6UP. The package deal comprises the unconditional purchase of land from Stonebond by GDL and the construction of the new homes as an exempt transaction under Procurement Act 2023.
The Contracting Authority will be GDL who are a subsidiary of The Guinness Partnership Limited ("TGPL"). Ownership of the properties will be transferred to TGPL upon practical completion or Golden Brick.
Please note that VAT is only payable on the land purchase element of the contract. The build element of the contract is not subject to VAT.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Direct award
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 16 Jun 2026, 16:04 BST
- Last source update
- 17 Jun 2026, 16:25 BST
- FTS notice number
2026/S 000-057298- Latest notice
- Contract award notice (UK6)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06b644Find a Tender
- Why no open competition
- Single Suppliers Technical Reasons
- Published justification
The reasons why Guinness Developments Limited considers that this direct award justification applies is because: (a) the Supplier is prepared to sell the land only as part of arrangements that include its development, (b) GDL and Cheltenham Borough Council have significant unmet housing needs in the locality of the development, evidenced through long housing waiting lists, (c) There is no other land on the market which is available for social housing development within reasonable timeframes local to the unmet needs for development.
- Risks
Delays in achieving planning condition discharge and sectional agreements that need sign off by the Local Authority could result in additional costs being incurred and time delays to the contract.
How it was run
Official notice- Submission deadline
- —
Timeline
17 Jun 2026 → 26 Jun 2026 · 2 dates- Notice published131 days ago17 Jun 2026, 16:25 BST
- Standstill ends122 days ago26 Jun 2026, 23:59 BST
Notice history
3 events · 2 releases on Find a Tender · since 16 Jun 2026- Transparency notice published16 Jun 2026, 16:04 BSTUK5
- Contract award notice published17 Jun 2026, 16:25 BSTUK6
- Contract signature expected30 Jun 2026, 23:59 BSTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| STONEBOND PROPERTIES (BIRMINGHAM) LIMITED30 Jun 2026 – 31 Dec 2030 · up to 31 Dec 2032Extensions: This is a works contract. It is driven by the completion of the works on site rather than a calendar date - therefore can be extended at the Employer's discretion until such time as the works are complete. There is also a requirement to secure planning (Reserved Matters) approval before the build can commence, which will influence the delivery programme. · Options: Whilst the number of homes to be built are capped at 60 through planning, the mix of the house types could change (e.g. swapping a 2 bedroom house for a 3 bedroom house) through the planning (Reserved Matters) process which could change the £/sqft cost and contract value. Any delays to the planned (Reserved Matters) approval beyond 12 months will incur build cost inflation until planning approval is secured which will increase the stated contract value. | £17,577,346 | 16 Jun 2026standstill to 26 Jun 2026 | Standstill |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- STONEBOND PROPERTIES (BIRMINGHAM) LIMITEDAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Transparency notice Transparency notice on Find a Tender