Prime secures place on new £47bn Developer Framework
Prime has been successful in securing a place on a new Developer Framework from national framework provider Pagabo. Prime bid for a place on the framework in Autumn 2020 and was awarded a place in December 2020.
This will enable Prime to deliver a variety of different projects including those in the public sector, strategic development services for Integrated Care Systems and key worker accommodation.
Acting on behalf of Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust, Pagabo has established a framework of 31 development companies capable of providing developer-led schemes within the UK for the UK public sector.
The framework features nine lots covering three contract structures: Property Development via Joint Venture and Special Purpose Vehicle, Long Income Lease and Lease Back, and Property Development Single Site by Development Agreement.
Kim Barnes, Associate Director at Prime and Framework Lead, said: “We are excited to be appointed to the new Pagabo Developer Framework. To be awarded a place, we were required to go through a rigorous OJEU compliant tender process, prove financial suitability and relevant experience.
It will provide our clients with a safe procurement route to be able to develop and fund their projects. We also welcome a Framework where the provider shares our passion for social value and making a real difference to local communities.”
Jason Stapley, managing director at Pagabo, said: “We have been blown away by the phenomenal interest to this new framework from the industry, which speaks to its uniqueness and potential. It will not only save time and effort when procuring a developer but will also save developers a lot of money on opportunity bidding as well – which for some larger development schemes can be more than £1 million.
“It’s been clear from recent months that government sees the construction industry as really important to our ‘return to normal’ recovery – particularly when it comes to complex development projects. This new framework will allow developers the ability to procure works through a compliant and simple to use framework, and to support the public sector with vital expansion plans, and to create a more robust sector all round.”
The framework will run for four years with the option to extend for a further 16 months and is Pagabo’s first framework dedicated to developers. It is available to all public sector bodies including schools, universities, local authorities, police and emergency services, NHS organisations, health and social care providers, and housing associations, as well as central government departments and the Ministry of Defence.
For more information, please visit https://www.pagabo.co.uk/