Construction work for buildings relating to health

Tender description

Development of the Triangle Site situated at St Thomas' Hospital, Westminster Bridge Road, London. The Triangle Site is a circa 0.78-acre plot located to the south of London Evelina Children’s Hospital, fronting onto Lambeth Palace Road. For the Triangle Site plot, Guy's and St Thomas' NHS Foundation Trust (GSTT) will dispose of a long leasehold interest with a 30-35-year break clause, to be exercised based on an income strip model. The contractor will acquire a long leasehold interest in return for: — achieving a viable planning permission through constructive partnership with stakeholders; — procuring a funding partner to support the project who would enter into a Development and Funding agreement with the Developer to fund all the development costs for the Development, in addition to taking a headlease interest to reflect the income strip structure; — procuring a contractor to undertake the works for a fixed price under a building contract which is in a form consistent with institutional funding requirements; — entering in to the relevant professional team appointments including those for the design of the development, whilst ensuring that appropriate collateral warranties are in place for GSTT; — co-ordination with all stakeholders; — constructing a suitable building in line with parameters set out by the Trust that maximises floorspace and minimises the Trust’s future rental commitments; — ensuring suitable linkages at ground, first, second and third floors in to the existing Evelina London Children’s Hospital.