Awarded without open competition
Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.
Key facts
- Buyer
- Plymouth City Council · Regional or local authority
- Supplier
- Loc8 Developments (Plymouth 2) Limited SME
- Value
- £13,354,407
- Procedure
- Award procedure without prior publication of a call for competition
- Sector
- Financial & insurance services · Financial and insurance services (CPV 66000000)
- Region
- South West
- Official notice
- 019647-2025 on Find a Tender
- Timeline
-
- Contract date2 May 2025
- Published8 May 2025Published 6 days after the contract date
Description
This voluntary ex ante transparency notice relates to arrangements governed by a proposed Forward Funding Agreement ("FFA") between the Council and LOC8 Developments (Plymouth 2) Limited ("Developer") in respect of a site owned by the Council at Embankment Road, Plymouth ("Site"). The Developer has identified an opportunity for a new hotel and three new food retail units to be built on the Site (the "Development"), in each case to meet the design/specification requirements (the "Specification") agreed through negotiation between the Developer and the respective hotel chain and food retail chain operators. The object of the FFA is to govern the provision of finance by the Council for the Development. The finance is to be provided by the Council in stages, conditional on certain Development milestones being met. The FFA envisages that the Developer will initially obtain planning permission for the relevant Development, but does not impose any binding obligation on the Developer to do so…
About the supplier
Loc8 Developments (Plymouth 2) Limited: every public contract they have won, plus their Companies House record (company 08385353).