Procurement of a development partner for the redevelopment of Mayes Yard

{
  "buyer": {
    "id": "GB-PPON-PLCV-4616-VTHL",
    "name": "Bedford Borough Council"
  },
  "date": "2025-06-16T15:36:21+01:00",
  "id": "032675-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05497a",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "Bedford",
        "postalCode": "MK42 9AP",
        "region": "UKH24",
        "streetAddress": "Borough Hall, Cauldwell Street"
      },
      "contactPoint": {
        "email": "Commercial.Hub@bedford.gov.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - sub-central government",
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PLCV-4616-VTHL",
      "identifier": {
        "id": "PLCV-4616-VTHL",
        "scheme": "GB-PPON"
      },
      "name": "Bedford Borough Council",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tenderUpdate"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-02-02T23:59:59Z"
    },
    "description": "Bedford Borough Council wish to appoint a development partner to enter into a development agreement for the redevelopment of Mayes Yard as part of the Council\u0027s overall regeneration plans for Bedford Town Centre.\nThe Council\u0027s vision is for an exemplary mixed-use development that will provide a cultural hub for Bedford and act as a catalyst for wider regeneration. The overall site extends to c. 3.5 acres in which the Council own various freehold interests including the former Debenhams Department Store, Central Library, Corn Exchange and Harpur Suite.\nThe Council undertook a massing exercise to understand the potential for the site which indicated potential for c. 250 new homes alongside new retail, leisure and commercial space. Whilst this study is made available to via the Council\u0027s procurement portal it is not prescriptive, and the selected developer would work with the Council in bringing forward the designs for the new development alongside other matters to bring the opportunity forward.\nAlongside commercial and residential development, the Council\u0027s project objectives include the re-provision of the Central Library as part of the development and the Council has ambitions to extend the capacity of the Corn Exchange to 1,000+ seats.\nThe contractual arrangements will be through a Development Agreement where land is drawn down upon the satisfaction of conditions.\nFurther particulars in respect of the opportunity are set out in the documents issued via the Council\u0027s procurement portal.\nBetween March and May 2025 the Council\u0027s advisors undertook a market engagement exercise. They engaged with suppliers to establish the level of interest in the development site and the key parameters for undertaking a procurement.\nThe exercise was also utilised to understand whether any elements of the proposed scheme / the Council\u0027s emerging thinking raised any factors bearing on the procurement or commercial terms being developed by the Council within the market.\nThe responses and feedback received (including from meetings held) have informed the Council\u0027s requirements, procurement approach, conditions for participation and award criteria, likely suppliers who may be able to supply the services and works, and the intended commercial terms. The engagement also helped the Council establish marked knowledge of, and interest in, the opportunity.\nFurther detail on the market engagement exercise is set out in the Preliminary Market Engagement Notice issued by the Council on 5 June 2025.\nIt should be noted that the \u0027total value (estimated)\u0027 stated in this notice is an expression of the estimated gross development value of the development which could be delivered through the opportunity.",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2025-06-16T15:36:21+01:00",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "032675-2025",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/032675-2025"
      }
    ],
    "expressionOfInterestDeadline": "2025-07-14T13:00:00+01:00",
    "id": "ocds-h6vhtk-05497a",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Construction work",
            "id": "45000000",
            "scheme": "CPV"
          },
          {
            "description": "Development services of real estate",
            "id": "70110000",
            "scheme": "CPV"
          },
          {
            "description": "Architectural, construction, engineering and inspection services",
            "id": "71000000",
            "scheme": "CPV"
          }
        ],
        "id": "LOT-0001",
        "relatedLot": "LOT-0001"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "This procurement is weighted as follows:\nQuality: 60%\nFinancial: 30%\nLegal: 10%\nBidders should refer to further detail on the award criteria set out in the Invitation to Tender. Full draft award criteria will be issued at commencement of the tender stage of the procurement process.\nQuality: 60%\n\uf0d8\tConcept / scheme 30%\n\uf0d8\tDelivery 30%\nFinancial: 30%\n\uf0d8\tFinancial offer 17.5%\n\uf0d8\tFunding 12.5%\nLegal: 10%\n\uf0d8\tLegal 10%",
              "name": "Simple description",
              "type": "price"
            }
          ],
          "weightingDescription": "This procurement is weighted as follows:\nQuality: 60%\nFinancial: 30%\nLegal: 10%\nBidders should refer to further detail on the award criteria set out in the Invitation to Tender. Full draft award criteria will be issued at commencement of the tender stage of the procurement process.\nQuality: 60%\n\uf0d8\tConcept / scheme 30%\n\uf0d8\tDelivery 30%\nFinancial: 30%\n\uf0d8\tFinancial offer 17.5%\n\uf0d8\tFunding 12.5%\nLegal: 10%\n\uf0d8\tLegal 10%"
        },
        "contractPeriod": {
          "endDate": "2034-04-01T23:59:59+01:00",
          "startDate": "2026-03-31T00:00:00+01:00"
        },
        "id": "LOT-0001",
        "status": "active",
        "value": {
          "amount": 120000000,
          "amountGross": 120000000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "works",
    "procedure": {
      "features": "Interested parties should refer to \u0027Section 2: Participation Process\u0027 of the Invitation to Participate and the Invitation to Tender (as issued via the Council\u0027s Portal) for further details of the Council\u0027s intended process for the procurement.\nInterested parties are invited to submit a Participation Submission. The Council will evaluate Participation Submissions received in accordance with the participation criteria and methodology set out in \u0027Section 4: Participation Submission evaluation\u0027 of the Invitation to Participate.\nSubject to there being sufficient Bidders qualifying, the Council\u0027s intention is to invite up to three (3) Bidders to tender. If there is a minimal scoring gap between Bidders three (3) and four (4), the Council reserves the right to invite four (4) Bidders to tender.\nFollowing the shortlist, the Council will formally issue the Invitation to Tender to the shortlisted Bidders (the \"Tenderers\").\nThe Council intends to hold a number of meetings with the Tenderers to discuss their emerging proposals, before issuing a call for Final Tenders. The Council reserves the right to introduce additional meetings or remove meetings throughout the procurement.\nFinal Tenders received will be evaluated in accordance with the award criteria set out in the draft Invitation to Tender (as issued via the Council\u0027s Portal). Further detail on the award criteria will be set out in the updated Invitation to Tender issued at shortlisting.\nFollowing evaluation, and identification of the most advantageous tender, the Council intends to hold \u0027preferred tenderer\u0027 stage with the Tenderer who submitted the most advantageous tender prior to entry into contract so as to clarify and confirm commitments made and for limited post tender negotiation.\nThe Council reserves the right to vary the procurement process set out above and in the procurement documents at any stage in the procurement.\nPlease note that the \u0027contract start date\u0027 and \u0027award decision date\u0027 included within this Tender Notice are estimates and may be subject to change."
    },
    "procurementMethod": "selective",
    "procurementMethodDetails": "Competitive flexible procedure",
    "status": "active",
    "submissionMethodDetails": "https://in-tendhost.co.uk/bedford/aspx/Home",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "title": "Procurement of a development partner for the redevelopment of Mayes Yard",
    "value": {
      "amount": 120000000,
      "amountGross": 120000000,
      "currency": "GBP"
    }
  }
}