Northamptonshire County Council Joint Venture for Project Citrus
Northamptonshire County Council · East Midlands
Key facts
- Awarded
- 22 Jul 2016
- Contract starts
- 31 Aug 2016
- Contract ends
- 31 Aug 2021
- Procedure
- Open procedure
- Buyer type
- Local government
Awarded to
| Supplier | Value |
|---|---|
| Grass Roots Group UK Ltd | — |
Description
Northamptonshire County Council (the âAuthorityâ) 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.
Categories (CPV)
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