Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme
Bolton Metropolitan Borough Council · North West
Key facts
- Contract value
- £28,200,000
- Awarded
- 29 May 2023
- Contract starts
- 02 Jul 2023
- Contract ends
- 02 Jul 2025
- Procedure
- Open procedure
- Buyer type
- Local government
Awarded to
| Supplier | Value |
|---|---|
| Capital & Centric | £28,200,000 |
Description
The contracting authority is not awarding a contract This is a 30 day VEAT Notice in respect of the proposed Farnworth Town Centre Development Scheme, due to commence on or around 3 July 2023
The scheme is publicly funded through an agreed funding strategy comprising a combination of grant and loan financing from Bolton Council Future High Street Funds, Brownfield funds, and lending from Greater Manchester Combined Authority GMCA Bolton Council intends to enter into an Option Agreement, with an annexed Buy Back Option and a Price and Overage Deed with Capital and Centric Cocoon Ltd. C&C for the planned regeneration development at Farnworth Town Centre The Option Agreement places an obligation on Bolton Council to sell the land at Farnworth Town Centre to Capital and Centric should Capital and Centric exercise the option. Should Capital and Centric exercise the option to buy the land, it can as the developer, develop the land in accordance with planning permission (subject to permitted variations) if it chooses to, but is not required to do so Bolton Council can exercise the Buy Back Option if The funding agreement with GMCA is not entered into in line with the agreed funding strategy; and/or A forward purchase agreement is not entered into in line with the agreed funding strategy; and/or There is, broadly, an insolvency event in relation to CandC and or Practical completion of the development is not reached within a certain timeframe The Price and Overage Deed allows for deferred consideration payable for the property to Bolton Council shortly after practical completion which will be secured by way of a charge
Categories (CPV)
- 45000000 Construction work
Similar open tenders
Door Entry Phased Replacement Programme 2026-27
Location: LondonBuyer: London Borough of Hillingdon
Open tenderCloses 2 Dec, 202627 daysValue £200.00kSource Find a TenderThe London Borough of Hillingdon (LBH) intends to install/upgrade the Door Entry/Access Control to 40 low and medium rise blocks. This work will be based on a planned program. The works include, but not limited to the design, supply, installation, commissioning and hand-over of complete and fully functional audio door
Crane Provision Framework
Location: South EastBuyer: KBS Maritime Ltd
Open tenderCloses 3 Dec, 202628 daysValue £4.00mSource Find a TenderKBS Maritime is seeking to establish a multi-supplier Framework for complete third-party crane services in support of Alongside Services operations. The Framework will supplement, not replace, KBS internal Heavy Lift capability and will provide planned surge, operational resilience, out-of-hours support, concurrent-lif
lumbing PPM and reactive repairs for Hertfordshire Police
Location: East of EnglandBuyer: The Police and Crime Commissioner for Hertfordshire
Open tenderCloses 3 Dec, 202628 daysValue £371.50kSource Find a Tenderlumbing PPM and reactive repairs for Hertfordshire Constabulary
Allotment Track Repairs
Location: South EastBuyer: Gosport Borough Council
Open tenderCloses 27 Nov, 202622 daysValue £65.00kSource Find a TenderGBC is inviting quotations for the supply, delivery and installation of track repairs at Brockhurst Allotment, Manor Way Allotment, and Middlecroft Allotment.
UKREiiF Stand Design and Build
Location: ScotlandBuyer: Glasgow City Council
Open tenderCloses 9 Dec, 202634 daysValue £150.00kSource Public Contracts ScotlandGlasgow City Council is seeking to appoint a company to design, build and deliver an exhibition stand on behalf of Invest Glasgow at The UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) for the next three years. In 2027, the event will take place in the Royal Armouries Museum in Leeds, from 18-20th May. F
Electrical Rewire and associated work at Duncan Mills Memorial Slipway in Balloch
Location: ScotlandBuyer: Loch Lomond & The Trossachs National Park Authority
Open tenderCloses 7 Dec, 202632 daysValue £100.00kSource Public Contracts ScotlandElectrical Rewire and associated work at Duncan Mills Memorial Slipway in Balloch