The successful consortium bidder will form a nor-for-profit development company to deliver the project, which was last week approved by the Scottish Funding Council.
This will include a funding model based on building and operating the college over 25 years.
While the capital programme is put at £200m, building work is estimated to be worth around £165m.
Three quarters of the budget will be spent on 650,000 sq ft of new buildings at Cathedral Street in Glasgow city centre, with the balance channeled into a new Riverside Campus on Thistle Street.
Some existing teaching blocks will be demolished and rebuilt, with the whole Riverside Campus due to be finished by 2015. The City Centre Campus will be completed by 2016.
Construction is due to begin in the summer of 2013.
Glasgow College aims to get into a competitive dialogue with three firms or consortia and has given contractors until 20 January to complete the prequalification process.
Further information about a bidders day planned for the 14th of December and the prequalifiaction process are available from James Darrie at Turner and Townsend email: [email protected] or telephone 01313473400
Cabinet Secretary for Infrastructure and Capital Investment Alex Neil said: “Glasgow College is an important part of our programme to stimulate growth and support jobs, and will be delivered through the Non-Profit Distributing model, which delivers better value for taxpayers than PFI.”
Gardiner & Theobald acting as client QS out of its Glasgow office.