Abbey Street, SE1, Key Worker Housing (KWH) and Community Facility - Development Partner

Opportunity overview

The Council relies on Regulation 72(1)(c) Public Contracts Regulations 2015 to modify its pre-development agreement entered into with Bouygues UK following a further competition process under the National Framework for Developer Led Schemes Lot 2b. The agreement relates to the delivery of keyworker housing homes and a new community centre at 177 Abbey Street. The modifications are as follows: - The Council's underwriting to cover additional circumstances in consequence of delays beyond the current programme assumptions due to the Building Safety Act requirements namely (1) unsuccessful grant draw down and (2) the scheme becoming unviable due to increased cost to the project; and - Extension to the lease period from 40 years to 125 years; and - Additional keyworker homes to assist with viability.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Classification

• CPV71000000 — Architectural, construction, engineering and inspection services

Lots

• Pre-Development Agreement (PDA) for the delivery of Keyworker Housing (KWH) and a community facility to Planning. The estimated value is a cap of £750,000 against which costs may be claimed in accordance with agreed underwriting criteria.Value not stated