Building construction work

Description

Added value portal t/a Pagabo and acting on behalf of Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust has established a framework of developers capable of providing developer led schemes for the whole of the UK Public Sector. They will provide a full range of development services across a range of financing models, geographic regions and value bands. The resulting framework is UK wide and is available to all Public Sector Bodies, including Charities (the full list is available in the Tender synopsis on the InTend portal — https://in-tendhost.co.uk/pagabo).The framework is divided into nine lots, which will operate with a maximum of nine developers per type of development per region. The term of this framework agreement will be for a period of 4 years from 15 December 2020 to 14 December 2024, with the option of two extensions one is to extend a further year to 14 December 2025 and the second to extend to 18 April 2026. This lot will cover the setting up of new legal entities such as joint ventures (JV), limited liability partnerships (LLP), special purpose vehicles (SPV) and other corporate structures to manage developments less than GBP 40 000 000 in value. It is anticipated that these arrangements will be between the client organisation owning the site and the Developer who will form a joint risk and profit-sharing agreement (the call-off contract). However, multi-party agreements are not excluded. Generally, these call off contracts will be for a minimum of 15 years. Call-off contracts may be for a single or multiple sites and further sites may be added at a future date subject to agreement of the parties and the terms of the original call-off contract not being substantially changed. This lot will cover the setting up of new legal entities such as joint ventures (JV), limited liability partnerships, (LLP) special purpose vehicles (SPV) and other corporate structures to manage developments from £40,000,000 to £100,000,000 in value. It is anticipated that these arrangements will be between the Client Organisation owning the site and the Developer who will form a joint risk and profit-sharing agreement (the call off contract). However, multi-party agreements are not excluded. Generally, these call off contracts will be for a minimum of 15 years. Call off contracts may be for a single or multiple sites and further sites may be added at a future date subject to agreement of the parties and the terms of the original call off contract not being substantially changed. This lot will cover the setting up of new legal entities such as joint ventures (JV), limited liability partnerships (LLP), special purpose vehicles (SPV) and other corporate structures to manage developments of £100,000,000 or more in value. It is anticipated that these arrangements will be between the Client Organisation owning the site and the Developer who will form a joint risk and profit-sharing agreement (the call off contract). However, multi-party agreements are not excluded. Generally, these call off contracts will be for a minimum of 15 years. Call off contracts may be for a single or multiple sites and further sites may be added at a future date subject to agreement of the parties and the terms of the original call off contract not being substantially changed. This lot will cover the delivery of a new asset (project value less than £40,000,000) to the Client Organisation who will lease back the asset for a rental payment, rather than a capital purchase or payment of the construction cost. The site will be developed specifically for the agreed use required by the Client Organisation. The Client Organisation may receive a capital land receipt payment from the Developer. It is anticipated that this lot will be for the provision of assets such as car parks and student accommodation and be for a single site, but other types of assets and multiple site arrangements are not excluded. Operation and management of the site post completion and handover may also be included within the lease back contract. This lot will cover the delivery of a new asset (project value from £40,000,000 up to £1000,000,000) to the Client Organisation who will lease back the asset for a rental payment, rather than a capital purchase or payment of the construction cost. The site will be developed specifically for the agreed use required by the Client Organisation. The Client Organisation may receive a capital land receipt payment from the Developer. It is anticipated that this lot will be for the provision of assets such as car parks and student accommodation and be for a single site, but other types of assets and multiple site arrangements are not excluded. Operation and management of the site post completion and handover may also be included within the lease back contract. This lot will cover the delivery of a new asset (project value of £100,000,000 or more) to the Client Organisation who will lease back the asset for a rental payment, rather than a capital purchase or payment of the construction cost. The site will be developed specifically for the agreed use required by the Client Organisation. The Client Organisation may receive a capital land receipt payment from the Developer. It is anticipated that this lot will be for the provision of assets such as car parks and student accommodation and be for a single site, but other types of assets and multiple site arrangements are not excluded. Operation and management of the site post completion and handover may also be included within the lease back contract. This lot will cover a traditional single site development by development agreement. The Client Organisation will enter into a development agreement with the Developer to develop the site, subject to planning being obtained for developments less that £40,000,000 in value. The Client Organisation receives a capital payment for the land value following planning approval. The Developer receives an agreed return for the development. Any overage is shared at an agreed percentage. This lot will cover a traditional single site development by development agreement. The Client Organisation will enter into a development agreement with the Developer to develop the site, subject to planning being obtained for developments from £40,000,000 up to £100,000,000 in value The Client Organisation receives a capital payment for the land value following planning approval. The Developer receives an agreed return for the development. Any overage is shared at an agreed percentage. This lot will cover a traditional single site development by development agreement. The Client Organisation will enter into a development agreement with the Developer to develop the site, subject to planning being obtained for developments of £100,000,000 or more in value. The Client Organisation receives a capital payment for the land value following planning approval. The Developer receives an agreed return for the development. Any overage is shared at an agreed percentage.