Northamptonshire County Council Joint Venture for Project Citrus

Tender description

Northamptonshire County Council (the ‘Authority’) wishes to appoint the Provider as a Joint Venture Partner, in order that it may provide the portal. This portal will have 3 key functions: Information; Advice; E-marketplace. This Joint Venture Agreement (JVA) is expected to be open ended with a minimum commitment of 5 years. It shall be a condition of the JVA that the Partners shall deliver the portal through a joint venture vehicle owned by both Partners. The portal shall be delivered through a special purpose vehicle joint venture company (JVCO). JVCO will be a private company limited by shares for profit. JVCO will own the portal. The relationship between the Partners within the JVCO shall be governed by a Joint Venture Shareholders Agreement (JVSA) following the incorporation of JVCO. The operating costs of the joint venture will be in the order of 12 000 000 GBP (60 % Provider; 40 % the Authority) across its 1st 5 years.