Private Investment Construction ('PIC') Framework

Description

Lot 1: Private Investment Construction ('PIC') Framework The new PIC Framework will enable the Trust and a range of public and private sector clients to procure construction services for projects funded through private capital. Clients (being those organisations entitled to access the framework) are listed or referred to in section VI.3 of this notice (the original Contract Notice). With an estimated construction value of up to GBP 800 000 000 (across both Lots) over four years, the framework will be a key tool for the delivery of a range of developments, giving contractor partner members access to construction projects across the acute, primary care, community care and elderly care sectors. It will provide the qualifying participants with a mechanism for the delivery of public sector infrastructure works, creating a quick, efficient and flexible vehicle for accessing high quality and experienced building contractors for the construction of projects developed using private funding. Designed around the JCT form of building contract, it will ensure a robust contract structure that responds to investor and funder requirements. In satisfying the transfer of risk, the framework will therefore provide a vehicle for accessing vital sources of private funding, rather than being driven by the availability of public sector capital. Covering the provision of building works and services, the framework will enable the Trust and other public and private sector clients to deliver a range of new projects, including cutting-edge facilities to provide additional services; deliver new models of care; support research, training and development; aid recruitment and retention; and improve the environment for patients, visitors and staff. This will include projects delivered through the Yeovil Estates Partnership – the Trust’s strategic joint venture. The Trust has instructed Prime Contractor Framework Management Co. Ltd — a wholly owned subsidiary company of Prime — to act as framework manager. Prime is the Trust’s private sector development and investment partner (being a 50 % joint venture partner in Partnering Solutions (Yeovil) Ltd, which in turn is the joint venture partner with the Trust in Yeovil Estates Partnership LLP). The framework manager will be responsible for establishing and managing the framework for the Trust. Following a ‘call-off’, it is envisaged that a contractor partner (or, on rare occasions, two contractor partners) will initially be appointed under a Pre-Construction Services Agreement (PCSA) prior to the award of the main Building Contract (although there is the flexibility for a building contract to be awarded without a prior PCSA) if the project reaches financial close. A PCSA or building contract may be awarded through either a direct award or a mini-competition (depending on the anticipated value of the eventual building contract and requirements of the client). The purpose of the PCSA stage is to enable the contractor to work with the employer and its design team to develop the project through feasibility to outline design and enable the employer to assist the client in securing a robust Outline Business Case approval. This process will lead to the stage whereby a planning application can be made, and thereafter for the detailed design to be finalised and priced (within the budget). A call-off process may relate to a single project or a series of related works (a ‘Bulk Call-Off’). A contractor appointed under a PCSA and/or building contract will be required to competitively procure its supply chain in accordance with the contract documents. For further information see the selection questionnaire and associated documents. Lot 1 will have national coverage across England and Wales and is intended for larger contractor partners to deliver schemes with a contract value generally in excess of GBP 10 000 000 or outside the Lot 2 area. However, clients will be entitled to choose which Lot to procure its contractor partner from.