Five firms win £3bn public land building framework

Aaron Morby 7 years ago
Share

A group of five builders have been selected for a new £3bn framework designed to fast-track development of surplus public land.

Bouygues, Glasgow builders CCG, Morgan Sindall, Wates and Willmott Dixon have secured places on the four year Social Infrastructure Development  framework, run by contracting authority NPS.

The SID framework will be used to deliver projects that span the public sector, from schools and housing through to police stations and care homes.

Mike Britch, Managing Director of NPS Group said: “We already have a pipeline of 16 schemes worth around £300m and expect SID to establish itself as the procurement route of choice for both public authorities and charitable bodies.” 

It will be used to design, finance and construct social infrastructure projects funded through the development of land, which will be transferred to the firms for schemes.

SID will be available to public and third sectors nationally, with projects ranging from £3m – £50m in value.

Public sector clients wishing to use the framework will identify land for transfer and shape an outline development brief prior to selecting a contractor through a mini competition.

The winning contractor will be offered an option or conditional sale agreement on a site and be allowed to create value by developing and delivering a scheme which incorporates, for example, new build housing, and also may include delivery of public buildings on other sites remaining in the client’s ownership.

This may include a new school building wholly funded by the housing development, or the delivery of wider public benefits, as part of the deal.

Britch said: “There is a considerable and growing pipeline of interest already from public bodies who wish to make the best use of their surplus assets.

“This framework will enable them to do so much quicker than previous routes and will ensure more value is delivered into the public sector as a result of the de-risking process envisaged by the framework.

“This will also reduce the risk for the framework members as the schemes will be substantially “oven ready” before private capital needs to be deployed.”

Cornerstone Property Assets will provide support to local authorities, charities, and schools as they develop their projects for delivery through the framework. Others in the sector are also invited to support the SID framework in a similar way.

 

 

 

Latest news

WSP to buy consultant RPS Group for £591m

5,000 staff at Oxfordshire based firm to join WSP
1 hour ago

Countryside puts offsite factory up for sale

Offers invited for Bardon plant which is less than a year old
47 mins ago

M&E specialist Spie UK arm returns to profit

French parent group launches a strategic review of UK operations after performance stabilises
1 hour ago

Site boss fined for locking out safety inspectors

Police called to enter site before fire fighters rescue workers stranded on roof
2 hours ago

Rebid starts for £200m M5 junction job

Cost inflation forces retender for £200m junction 10 rebuild near Cheltenham
36 mins ago

New Downing Construction boss named

Andy Thomas takes top job as Ian Orton steps back after 24 years
59 mins ago

Plans in for 600 homes at London Aylesbury estate

Notting Hill Genesis aims to start work next year on phase 2 of Southwark estate rebuild
1 hour ago

Tide gets green light for UK’s tallest modular tower

Volumetric specialist to build 48-storey student skyscraper at Canary Wharf
2 days ago

TopHat cuts losses and aims for profit in three years

Modular specialist investing for future as latest results show £19.4m loss
1 day ago

Story Contracting names next chief executive

Andy Joy to be promoted to CEO as Jason Butterwork becomes vice chairman
1 day ago

Stalled £100m North London build-to-rent tower to start

Essential Living commits to start Swiss Cottage scheme six years after planning OK'd
1 day ago

Bidding starts for Pagabo £1bn medium works deal

Extra small project lot added in framework renewal
1 day ago

Vital funding deal for £50m A38 Midlands upgrade

Work could start early next year on A38 BREP now out to tender
1 day ago

Graham wins £16m National Railway Museum job

Firm seals pre-construction deal as new museum Central Hall gets planning green light
1 day ago

Demolition starts on half-built £48m Taylor Wimpey flats

Furious local residents blast house builder over "unbearable" noise
4 days ago

Civils contractor fined £600k after boy dies in drainage pipe

Workers find seven-year-old who suffocated on housing site
5 days ago

Plan for trio of towers at old Yorkshire Post site

Galliford Try advises on construction plan for Leeds student and build to rent towers
4 days ago

Insolvency to rival inflation as project cost threat

Inflationary pressures likely to peak this year before easing in 2023, but supply chain stress is growing.
4 days ago

B+K starts £300m Sheffield West Bar scheme

Funding deal triggers start on major mixed-use scheme
4 days ago

Willmott Dixon bags £44m Passivhaus leisure centre

Private builder prepares to start Staines-upon-Thames complex
4 days ago

Go-ahead for £160m Cambridge mixed-use scheme

Devonshire Gardens will consist of 70 private rental flats and 120,000 sq ft of offices
4 days ago

Construction buyers report first drop in output for 18 months

Civil engineering worst performing sector
5 days ago

Construction and infra margins hit 3.2% at Morgan Sindall

Contractor picking deals carefully as inflation continues to bite
5 days ago

Morrisroe Group revenue tops £200m

Pre-tax profit halves to £2.7m as cost inflation bites
5 days ago

Kier to start new £400m ‘smart’ prison this autumn

At least 50 ex-offenders will help build new HMP Full Sutton
6 days ago

Former P&R Morson staff to launch legal claim

Former staff of failed Midlands M&E specialist consult with lawyers following administration
5 days ago

Eight firms win big north west MMC housing deal

JV North consortium plans to build 4,000 homes by 2026
5 days ago

Balfour to replace Ringway Jacobs on £176m Bucks highways deal

Balfour to start new eight-year maintenance contract in 2023
6 days ago

O’Keefe suppliers owed £13m despite Byrne rescue

Unsecured creditors to get less than 2p in the pound for their debts
7 days ago

Taylor Wimpey staff to get £1,000 towards fuel bills

All staff earning below £70,000 will receive a one-off payment
6 days ago

Contractor services