SBC1222 Provision of a development partner for Brent Court and Shepall View

Tender description

The council are seeking a development partner to progress and develop out two sites that the council currently own. Site 1 Shephall View, 224-230 Bedwell Crescent Stevenage Herts SG1 1NG (22/00965/FPM): A mixed private sale/shared ownership scheme, consisting of 57 units (43 private sale and 14 shared ownership)Site 2 Brent Court, Silam Road Stevenage Herts SG1 1JN (22/00963/FPM): An affordable independent living scheme consisting of 96 unitsThe two schemes are linked together in planning and therefore need to be constructed together. The council are seeking to dispose of the Shephall View site and the Brent Court site, with a buyback agreement for Brent Court which the council reserves the right to exercise. The Council expects a JCT Design and Build contract to be entered into should the buy back option of Brent Court be triggered. Lot 1: The council are seeking a development partner to progress and develop out two sites that the council currently own. • Site 1: Shephall View, 224-230 Bedwell Crescent Stevenage Herts SG1 1NG (22/00965/FPM): A mixed private sale/shared ownership scheme, consisting of 57 units (43 private sale and 14 shared ownership)• Site 2: Brent Court, Silam Road Stevenage Herts SG1 1JN (22/00963/FPM): An affordable independent living scheme consisting of 96 unitsThe two schemes are linked together in planning and therefore need to be constructed together.The council are seeking to dispose of the Shephall View site and the Brent Court site, with a buyback agreement for Brent Court which the council reserves the right to exercise. The Council expects a JCT D&B contract to be entered into should the buy back option of Brent Court be triggered.This tender requires bidders to submit prices for the following1. Land disposal of Shephall View 2. Enhanced Deferred Land Value for Shephall View3. Land disposal of Brent Court4. A construction cost for building out the units at Brent Court for the councilThe land disposal(s) will be subject to approval of a detailed planning application and any construction contract will through a JCT Design and Build contract with amendments included within this pack.Shephall ViewThe proposed scheme may include 14 shared ownership units and 2 units which currently sit outside the current ownership of the council. The tenure mixes and units outside of the council ownership will be resolved at the point of contract, however for the purpose of this tender the council is seeking bidders to qualify an offer for various aspects, some of which will not be part of the price evaluation.In addition to this the council is seeking an Enhanced Deferred Land Value option to delay the land payment in return for an uplift in land value. Schedule 1 of the contract sets out the calculation and process for the Enhanced Deferred Land Value, bidders will be asked to complete these details as part of their price submission. All figures that are provided will need to be substantiated and SBC reserves the right to consult local market experts on submitted values and challenge any which are abnormally high.Brent CourtThe council intend to sell the land to the developer with an option to buy back at some point in the development process. The buyback of the land will be restricted in the contract to that of the sale price, and for avoidance of doubt the developer will not be able to sell back the land at a high value. Bidders will be expected to buildout the planning permissions in its current form. Bidders are expected to set out a programme for construction as part of their bid which should include any mobilisation periods.