Haringey Development Vehicle for Real Estate
To procure a strategic investment and development partner to establish the Haringey Development Vehicle.
United Kingdom-London: Real estate services
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
The Mayor and Burgesses of the London Borough of Haringey
Civic Centre, High Road
For the attention of: Dan Hawthorn
N22 8LE London
General address of the contracting authority: http://www.haringey.gov.uk
Electronic access to information: https://www.delta-esourcing.com/respond/B4NDUBKV7A
Electronic submission of tenders and requests to participate: https://www.delta-esourcing.com/respond/B4NDUBKV7A
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)Type of the contracting authority
I.4)Contract award on behalf of other contracting authorities
Section II: Object of the contract
II.1.1)Title attributed to the contract by the contracting authority:
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 27: Other services
NUTS code UKI12
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
II.1.5)Short description of the contract or purchase(s)
The London Borough of Haringey (the ‘Borough’) has huge potential for growth and is today seen as London’s next big growth opportunity. The Contracting Authority, in establishing the HDV, intends to facilitate estate renewal and brownfield regeneration to promote growth in jobs and housing on its land and to improve wider social and economic outcomes in the Borough. The Contracting Authority’s aim is that the HDV will drive development and deliver its goals — through innovative and financially sustainable development schemes. Overall, the HDV is intended to drive forward plans for at least 5 000 new homes and thousands of jobs on land owned by the Authority, creating more than 2 000 000 000 GBP of development value. The Contracting Authority will commit assets and development sites to the HDV. The use of private sector funding and expertise will act as a catalyst in regenerating key areas in the Borough.
II.1.6)Common procurement vocabulary (CPV)
70000000, 45000000, 70110000, 70111000, 70112000, 70331000, 70332000, 70332200, 66000000, 66100000
II.1.7)Information about Government Procurement Agreement (GPA)
II.1.9)Information about variants
II.2.1)Total quantity or scope:
Alongside investment, it is anticipated that the private sector partner will provide, or will secure the provision of: development management, asset management, fund management, management of residential accommodation and development/contractor services (including but not limited to construction work, real estate services, development services of real estate, development of residential real estate, development of non-residential real estate, residential property services, non-residential property services, commercial property management services, large scale mixed use regeneration, estate renewal, town centre regeneration, urban development, residential and commercial management). It is envisaged that the private sector partner will receive fees for providing the above services with remuneration based on incentivised targets.
The Contracting Authority anticipates that HDV will be formed between the Contracting Authority and a private sector strategic partner or consortium and currently envisages a 50:50 form of joint venture vehicle for the specific purpose of carrying out regeneration and development. The exact form of the joint venture vehicle, any shareholding (if applicable) and the contract structure shall be discussed with Bidders during the Competitive Dialogue Procedure. It may be that specific projects are undertaken by subsidiaries of the HDV.
Whilst the Contracting Authority envisages a contract period of approximately 15 to 20 years with an option to extend the contract period in short periods or an overall extension up to 10 years, the actual period will be determined by best value considerations during the Competitive Dialogue Procedure and may also be dependent on financial market conditions.
The estimated total development value of the schemes is approximately between 500 000 000 GBP and 2 000 000 000 GBP. The reason for this range is due to a range of factors which include but are not limited to the lifespan of the HDV and the potential number, size, value and class of assets which may transfer into (or which may otherwise be developed or managed) by the HDV (see Section II.1.5).
The Contracting Authority currently has 3 categories of sites that it may transfer to the HDV as part of this project. Category 1 sites are pre-identified land and assets owned by the Contracting Authority that the Contracting Authority anticipates transferring to the HDV. Category 1 sites are sites that the Contracting Authority considers to be priority areas for regeneration that can significantly deliver its aspirations to deliver homes, jobs and socio economic benefits. Category 2 sites are pre-identified sites and assets that may be transferred to the HDV and are subject to further review by the Contracting Authority. Category 3 sites are sites and assets that as yet have not been identified or not yet acquired by the Contracting Authority but they may be suitable for development and inclusion with the HDV’s work. The contents of each Category shall be subject to further dialogue.
The Council will contribute development sites and a commercial portfolio to the HDV. The private sector partner will be required to input funding to match the Council’s equity interest and potentially procure additional funding on a debt basis.
II.2.2)Information about options
Description of these options: The Contracting Authority anticipates discussing with Bidders during the Competitive Dialogue Procedure the possibility of being granted option(s) to extend the contract period in short periods or an overall extension up to 10 years.
II.3)Duration of the contract or time limit for completion
Section III: Legal, economic, financial and technical information
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions
Description of particular conditions: The selected partner may be required to actively participate in the achievement of social and/or environmental policy objectives. Accordingly, contract performance conditions may relate in particular to social, environmental and/or corporate social responsibility considerations. Further details will be set out in the tender documents.
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.2)Economic and financial ability
Minimum level(s) of standards possibly required: Selection criteria as stated in the procurement documents.
Selection criteria as stated in the procurement documents.
Minimum level(s) of standards possibly required:
Selection criteria as stated in the procurement documents.
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
Objective criteria for choosing the limited number of candidates: As set out within the tender documents.
IV.3.2)Previous publication(s) concerning the same contract
Prior information notice
Notice number in the OJEU: 2015/S 233-422776 of 2.12.2015
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
IV.3.4)Time limit for receipt of tenders or requests to participate
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
Section VI: Complementary information
VI.2)Information about European Union funds
For more information about this opportunity, please visit the Delta e-Sourcing portal
The Contracting Authority is holding the following events in relation to this opportunity:
(1) Bidders day on 1.2.2016.
If you wish to attend this event please confirm via the electronic Delta e-sourcing portal.
The PQQ is available online via https://www.delta-esourcing.com/respond/B4NDUBKV7A from the date of dispatch of this notice. An appendix detailing all other available documents is appended to the PQQ guidance notes. Expressions of interest must be lodged by way of completion and return of the PQQ by the time and date specified in Section IV 3.4). The ITPD explains the general approach to dialogue on this project and has been included for Bidders’ information only at this stage and does not amount to an invitation to commence dialogue. The Contracting Authority will evaluate Bidders’ PQQ responses in accordance with the PQQ and, following the evaluation, will draw up a long list of Bidders. The Contracting Authority then intends to issue an Invitation to Submit Outline Solutions (‘ISOS’) to the long listed Bidders to commence dialogue and invite them to submit outline solutions on this project in accordance with the ITPD and the ISOS.
The Contracting Authority reserves the right not to award the contract in whole or in part, to cancel or amend the tender process and does not bind itself to accept any tender. The Contracting Authority shall not be liable under any circumstances for any costs, charges or expenses incurred by any tenderer or prospective tenderer in responding to this notice or in taking part in this procurement process and accepts no liability for any costs, charges or expenses, irrespective of the outcome of the competition, or if the competition is cancelled or postponed.
Bidders should note that this procurement is not being conducted on behalf of other purchasing contracting authorities, within the meaning of the Public Contracts Regulations 2015.
Please note that all dates, time periods and figures in relation to values and volumes specified in this notice are approximate only and the Contracting Authority reserves the right to change any or all of them.
Bidders should note that this procurement is not open to other purchasing contracting authorities.
Bidders are advised that the Contracting Authority is subject to the Freedom of Information Act 2000 (FOIA) and the Environmental Impact Regulations 2004 (EIR). If a Bidder considers that any of the information supplied as part of this procurement procedure should not be disclosed because of its commercial sensitivity, confidentiality or otherwise, they must, when providing this information, clearly identify the specific information they do not wish to be disclosed and clearly specify the reasons for its sensitivity. The Contracting Authority shall take such statements into consideration in the event that it receives a request pursuant to FOIA and/or the EIR which relates to the information provided by the interested party. However, if the information is requested the Contracting Authority may be forced to disclose such documentation, irrespective of a Bidder’s wishes. Please note, it is not sufficient to include a statement of confidentiality encompassing all the information provided in the response.
Bidders are advised that pursuant to the Local Government Transparency Code 2014, local authorities are also required to publish details of any contract, commissioned activity, purchase order, framework agreement and any other legally enforceable agreement with a value that exceeds 5 000. The Contracting Authority is also subject to the reporting requirements set out in Regulations 83 and 84 of the Public Contracts Regulations 2015. The Contracting Authority reserves the right to publish details as required pursuant to the Local Government Transparency Code 2014 and the Public Contracts Regulations 2015.
For more information about this opportunity, please visit the Delta eSourcing portal at:
To respond to this opportunity, please click here:
GO Reference: GO-2016111-PRO-7560594.
VI.4.1)Body responsible for appeal procedures
High Court of England and Wales
Royal Courts of Justice, Strand
WC2A 2LL London
Telephone: +44 2079477882
Internet address: www.justice.gov.uk
VI.4.2)Lodging of appeals
VI.5)Date of dispatch of this notice: