Source: https://tendernation.io/opportunities/01a13bfd-d26f-71de-a738-59076ff88e6b/contract-notice closed GB open procedure Suitable for SMEs # Contract Notice [Hambleton District Council](https://tendernation.io/buyers/hambleton-district-council) Estimated value Not stated Published 26 Apr 2016 Deadline Closed 24 May 2016 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender Hambleton District Council (the Council) is seeking a private sector partner (PSP) to jointly deliver a major mixed-use regeneration and development project in Central Northallerton on the (3.4 acre) site of the former HMP Northallerton recently acquired by the Council. The Council's vision for the site includes a mixed provision of retail, leisure, housing and community use premises in accordance with the Central Northallerton Design and Development Framework and Central Northallerton Quadrangle Study (available at [hambleton.gov.uk/NPD](https://www.hambleton.gov.uk/NPD)). The project is considered of strategic importance to the Council in sustaining the vibrancy of Northallerton as a market town and complementing the existing High Street. In order to realise the Council's design and development brief, a joint venture company (JVCo) has been chosen as the desired vehicle and it is proposed that on conclusion of the procurement the Council will allocate such shareholding in the JVCo to its PSP as will be appropriate to reflect the parties' relative investments. The Council's investment in the JVCo will be primarily by way of committing assets and it is expected that the Council's PSP will invest through cash, assets,works, services or by other approaches to financing and share returns from the development with the Council. The entitlements of the Council and the PSP to returns of profit from the JVCo will be determined during the procurement process. However, the Council will hold a right of veto over certain reserved decisions made by the JVCo. Potential Council funding may be made available (e.g. for development phases with lower profitability) at terms which bidders will be required to price competitively. The Council reserves the right to add additional works or services pursuant to Regulation 32(9) of the Public Contracts Regulations 2015. The procurement documents are available for unrestricted and full direct access, free of charge, at: [yortender.co.uk](http://www.yortender.co.uk) . Additional information can be obtained from the above mentioned address. Tenders or requests to participate must be submitted to the above mentioned address. Read full description ## CPV classification Construction work Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/9878c9ce-adc9-11e6-9901-0019b9f3037b) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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