Official UK procurement notice
South Thamesmead Phases 2 and 3 Joint Venture Partnership
Authority: Peabody Trust Ltd (Public body)
What is being bought
Published requirement descriptionPeabody is seeking to establish a 50:50 joint venture (‘JV’) between Peabody and a private sector partner (‘PSP’) to deliver phases 2 and 3 of the South Thamesmead regeneration project, at Harrow Manorway, near Abbey Wood, SE2 9LH (the ‘Development Site’). The Development Site totals circa 3.1 hectares (7.7 acres) split between a northern plot (Phase 2, c 1.7 ha (4.6 ac)) and southern plot (Phase 3, c 1.2 ha (3.1 ac)).
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The lotProcurement structure
single lot · value publishedLot #150:50 joint venture (‘JV’) between Peabody and a private sector partner (‘PSP’) to…Published value£300,000,000
50:50 joint venture (‘JV’) between Peabody and a private sector partner (‘PSP’) to deliver phases 2 and 3 of the South Thamesmead regeneration project.
It is anticipated that the PSP will provide finance, and development management and sales & marketing services to the JV, and may provide construction services.
In total the Development Site is estimated to have capacity for c 730 homes and c 1,000 square foot of community space (the latter assumed to be delivered in Phase 2).
Phase 2 benefits from an outline planning consent for delivery of up to 329 homes and up to 1,050 square metres of commercial floorspace (London Borough of Bexley ref. 16/01287/OUTM). Recent scheme testing estimates capacity for Phase 3 at c 400 homes.
Phase 3 is part of a separate outline application currently being determined by the local planning authority, across a wider area, for up to 1,950 homes and 3,225 square metres of commercial floorspace (ref. 21/01948/OUTEA).
Continued at section III 1.1) Additional information: The estimated values in II.1.5, II.2.4 and II.2.6 represent the potential commercial value of the development. 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 and overall scheme.
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).
- Suitability
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions, indication of information and documents required: 1,000 Characters
Continued from section II2.4)
However the number of homes anticipated in Phase 3 itself is c 400.
This procurement is concerned with Phases 2 and 3 only.
The final composition of the two phases will be determined by detailed planning applications. It is anticipated that commercial space will comprise only a small proportion of floorspace.
It is anticipated the scheme will comprise (by unit):
Phase 2Phase 3Total
Market Sale58%59%59%
Rented Affordable18%15%17%
Shared Ownership24%25%25%
The total gross development value of the scheme is estimated to be £250m - £300m. From start on site the scheme is expected to be delivered within c 3-5 years. However considering potential market fluctuations or unforeseen circumstances, it is anticipated the project may extend up to a period of 10 years.
Please refer to the draft procurement documents being released at this stage, notably the Draft Invitation to Participate in Dialogue and the Draft Heads of Terms, for further information.
Procedure terms & legal framework
From the official record · publisher note attached- Legal basis
- CELEX · 32014L0023 Concession Contracts Regulations 2016 (Directive 2014/23/EU)
- Procurement category
- Works
- Notice status
- Closed
- 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
- 17 Nov 2021, 09:15 GMT
- Last source update
- 17 Nov 2021, 09:15 GMT
- FTS notice number
2021/S 000-028657- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02f760Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
- Performance terms
- all new homes achieve a minimum EPC rating of B (SAP 86)
- 1 apprentice placement should be offered by the contractor for every £2m of contract spend
- Review procedure
In accordance with Regulation 47 (Notice of decision to award a concession contract); Regulation 48 (Standstill Period) and Regulation 52 to 63 of the Concession Contracts Regulations 2016 (CCR 2016).
Following any decision to award the concession contract, the contracting authority will provide debriefing information to unsuccessful bidders (in accordance with Regulation 47 CCR 2016) and observe a minimum 10 day standstill period (in accordance with Regulation 48 CCR 2016) before the concession contract is entered into.
Publisher note: The Concession Contracts Regulation 2016 (CCR 2016) applies to the competition. The Authority intends to follow a process similar to the Competitive Dialogue procedure described in the Public Contracts Regulations 2015 (as amended) (PCR 2015). However, it reserves the right to deviate from the formalities of the PCR 2015 in conducting the competition due to the flexibilities permitted by the CCR 2016. Final award criteria and further procurement documents will be provided at the commencement of the competitive dialogue stages to bidders that are shortlisted to participate. The Authority reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this concession notice. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-London:-Building-construction-work./2ND68B5HZ8 To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/2ND68B5HZ8 GO Reference: GO-20211116-PRO-19245025
How it was run
Official notice- Submission deadline
- 20 Dec 2021, 12:00 GMT
- Submission channel
- {"written"}
- Accepted languages
- en
Timeline
17 Nov 2021 → 20 Dec 2021 · 2 dates- Notice published17 Nov 2021, 09:15 GMT
- Submission deadline20 Dec 2021, 12:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of JusticeReview body
- PeabodyMediation bodyReview contact point
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria