Package Deal at Chesterfield Road, North Wingfield

Description

Traditional land and build "package deal" for the construction of 64 affordable rented homes on land off Chesterfield Road, North Wingfield, Derbyshire. Lot 1: Guinness Developments Limited ("GDL") intends to enter into a build contract with GEDA Construction Company Limited ("GEDA"). This scheme is a traditional land and build "package deal" brought to GDL by GEDA, which will result in the construction of 64 affordable rented homes on land off Chesterfield Road, North Wingfield, Derbyshire. GEDA have arranged to purchase the site from the local authority (Derbyshire County Council) and have completed initial design work up to RIBA stage 3. The package deal will be comprised of GDL entering into a JCT Design & Build contract for the construction of the new homes on the land with GEDA (which is the subject of this notice), and a simultaneous purchase of the land from GEDA by The Guinness Partnership Ltd., GDL's parent company (an exempt transaction under Procurement Act 2023). The contracting authority for the build contract under under PA2023 will be Guinness Developments Ltd. GDL is a subsidiary of The Guinness Partnership Ltd. (TGPL) but is a contracting authority in its own right. Ownership of the properties will be transferred to TGPL upon practical completion. The transaction for the purchase of land will be directly between Geda and TGPL. Additional information: The contract value above is excluding VAT, as no VAT is applicable or payable on this contract.