P-0406 Hope Street Transformation project and Development Opportunity

Legal basis

Id

2023/54

Scheme

UKPGA

Uri

https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Procedure

Features

This procurement involves an initial shortlisting of eligible developers (based on application of the Conditions of Participation set out in the P-0406 Response Document, Section1 Procurement Specific Questionnaire) and the invitation of developers who successfully meet the Conditions of Participation to an invitation to participate in dialogue (ITPD) stage, which includes a dialogue phase and a final tender stage, involving submission of final tenders and application of award criteria to determine the most advantageous tender. All developers that meet all of the criteria set out in the Response Document will be invited to participate in the ITPD stage. It is anticipated that the procurement process will proceed through the following stages: 1.Tender notice published + procurement documentation made available 2.P-0406 Response Documents returned by developers 3.Housing Executive evaluates P-0406 Response Documents received + selects shortlist of eligible developers 4.Housing Executive informs unsuccessful developers 5.Finalised Invitation to Participate in Dialogue document (ITPD) and supporting documentation issued to shortlisted developers 6.Contract comments and P-0406 ITPD Developer’s Design and Project Delivery Statement submitted by developers 7.Dialogue 8.Feedback – following dialogue sessions 9.Dialogue closed and Invitation to Submit Final Tenders issued 10.Deadline for receipt of final tenders plus responses to financial due diligence 11.Evaluation of final tenders and financial due diligence undertaken 12.Award decision approval 13.Provision of assessment summaries and publication of contract award notice and standstill period 14.Contract award – contract terms finalised and contract entered into with the successful developer Developers should note however that the Housing Executive reserves the right to amend or adjust the steps and stages at any time at its discretion, within the confines of the Act. Furthermore, whilst the Housing Executive intends, following successful conclusion of this procurement, to enter into a contract with the successful developer, there is no guarantee that a contract in the form outlined or any contract at all will be entered into by the Housing Executive. The Housing Executive reserves the right in its absolute discretion not to award a contract. The Housing Executive reserves the right to abandon the procurement at any time and for any reason. No legally binding contract shall arise (and a developer shall have no legitimate expectation that a contract will be entered into) until such time as entry into the contract has been confirmed by the Housing Executive. Developers are responsible for all costs incurred by themselves, their staff, advisors, or any third party acting for them in connection with this procurement. For the avoidance of doubt, the Housing Executive is not liable for any costs arising from participation in, cancellation of, or amendments to, this process. The Housing Executive may disqualify any developer who, after the Closing Time and Date (as defined in the ITT), becomes an Excluded or Excludable Supplier. If this status arises solely due to an Associated Person or Sub contractor, the Housing Executive will first notify the developer and allow reasonable opportunity to replace them. All clarification requests and communications must be submitted via the eTendersNI clarifications facility by the deadlines specified. Direct contact with the Housing Executive’s staff, Board members, advisors or other stakeholders outside the stated process is not permitted and may result in exclusion from the procurement process. Developers are advised that the Housing Executive has appointed two independent professional services firms to act on its behalf in relation to this procurement process, as named in the Invitation to Tender. Given these parties’ prior involvement in the preparation for and/or during the procurement process, neither of these parties may be part of a developer’s team or advisors in relation to this procurement process. Any persons making a decision to enter into a contractual relationship with the Housing Executive as a result of this procurement process should make their own investigations and undertake their own independent assessment of the developer’s role and should seek their own professional financial, legal and other advice. Each developer considering making a decision to enter into a contractual relationship with the Housing Executive must rely on its own enquiries and on the terms and conditions set out in the contract as and when finally executed by the developer (if successful), subject to such limitations and restrictions as may be specified in the contract. The Housing Executive will be entitled (but not obliged) at its absolute discretion to seek clarification and/or additional information from any developer. Full and comprehensive details are provided in the Invitation to Tender and procurement documentation.

Covered By

Submission terms

Electronic Submission Policy

allowed

Enquiry period

Ends

11 Feb 2026, 15:00

Expected award period

Ends

1 Oct 2026, 23:59

Contract terms

Financial Terms

As set out in the contract documentation (draft Development Agreement and Lease). The Housing Executive reserves the right to require a parent company guarantee or alternative equivalent form of contractual commitment or security should the Developer be successful in this procurement. The Housing Executive also reserves the right to require bonds, deposits, guarantees, collateral warranties or other appropriate forms of contractual commitment, undertaking or security from any member(s) of the Developer’s Team (as defined in the Invitation to Tender), to secure proper performance of the contract. The form of any guarantee, contractual commitment or security shall be specified by the Housing Executive, acting at its discretion and taking into account the structure of the Developer’s Team. The Housing Executive may also specify minimum contractual financial security requirements as appropriate, having regard to the structure of the Developer’s Team and the financial assessment and due diligence undertaken during this procurement. Where the Housing Executive specifies any form of guarantee, contractual commitment, security or contractual financial security requirements, acceptance of those requirements shall be considered a condition of contract award and failure to accept the same may result in the developer’s exclusion from the procurement. Subject to the status and involvement of the parties, the Housing Executive may require the parties to commit to joint and several liability under the contract arrangements. Alternatively, the Housing Executive may require the lead developer to take total responsibility or a consortium/developer and its associated persons to form a legal entity prior to the award of any contract. The estimated value of the property included in this notice is an estimate (VAT will not be payable in addition to the Purchase price). Developers should not presume the estimate containing pounds and pence, to be anything other than an estimate. The estimate has been calculated using data held by Land & Property Services and represents a genuine estimate.