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Method of Disposal

Portobello will be disposed of by a four-stage tender process.

Stage 1 – Expressions of Interest

Interested parties are invited to submit written proposals to Bruton Knowles Birmingham office to be received no later than 12:00 midday on THURSDAY 8TH NOVEMBER 2007, these are to include:

  • Company structure, background and an indication as to the method of finance plus evidence as to the availability of finance.

  • Details of similar projects undertaken by the party.

  • Examples of where the party has worked in partnership on similar projects.

  • Details of the professional team.

• An explanation of the interested party’s approach to Urban Design with an indication of how their scheme would assist in the regeneration of the City and neighbourhood renewal.

• The party’s experience of neighbourhood renewal. An indication of the number of completions achieved within the last 3 years broken down into the types of tenure.

Stage 2 – Scheme

Following receipt of Stage One Expressions of Interest, short-listed parties will be invited to submit Stage Two submissions to include:

  • Scale drawings showing the layout (1:500 scale), footprint, massing, main elevations (1:50), principal materials, pedestrian and vehicle access and movements, car parking and relationship with neighbouring buildings and streets.

  • Schedule of areas.

  • A detailed and working knowledge of the Development Brief must be demonstrated.

 

Stage 3 – Financial Bids

  • Following receipt of scheme proposals, shortlisted parties will be invited to submit financial bids based upon their earlier submissions.

  • Financial bids are to be accompanied with pre-conditions /conditions, a full financial appraisal with supporting information giving assumed sale values, construction costs, fees, finance charges, developer’s profit and other relevant details.

Stage 4 – Interview

The short list of interested parties will be invited to a final interview stage with a preferred developer being selected. Criteria In selecting a preferred developer, we will utilise a weighted Matrix comprising:

  1. Price

  2. Quality of scheme

  3. Timing and deliverability

  4. Funding/financial standing

  5. Experience of working with public sector

The Matrix weightings will be provided to shortlisted parties at stage 2.

Our clients reserve the right not to accept the highest or any bid.