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e-ITT for Consultant advice on investment in Affordable Housing at Welborne Garden Village

Fareham Borough Council Published 10 Oct 2023 Contracts Finder

key details

Value£30,000
Statusactive
Category (CPV) 66171000 +2 more
Deadline10 Nov 2023
Contract start4 Dec 2023
Contract end9 Feb 2024
Procedureopen
SME suitableYes
OCIDocds-b5fd17-be80c44c-520c-4c7f-be82-c2b159919fe5

description

The Council has been invited by Welborne Land Limited to form a Joint Venture for the ownership and management of the affordable housing units built by Welborne Land Limited at Welborne Garden Village.

The Council wishes to commission high-level advice on this JV proposal, specifically to understand the financial implications and key risks to the Council, and to understand what alternative mechanisms there might be for them to have a role in the ownership and management of the affordable homes at Welborne.

The Council also seeks an insight into the advantages to Welborne Land Limited (and the Council) in creating this JV as proposed, and why this is a better alternative for both parties than the straight-forward provision of affordable housing as envisaged in the s106 Agreement.

The Council will also require ongoing support and advice in its negotiations with Welborne Land Limited on this matter

documents

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notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
10 Oct 2023 Tender (tender) · 76209f80-74a9-45eb-a6c7-86c2cc56c85e-687480

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