“In October 2020 the council’s Executive approved the delivery strategy for the Castle Gateway regeneration. As part of this decision, approval was granted to undertake a procurement exercise to appoint a construction contractor to build Castle Mills on a two stage tender process.
The first stage of the process is to secure a construction contractor to develop the current RIBA Stage 3 design prepared by BDP to RIBA Stage 4 on Pre-Construction Service Contract Agreement (PSCA) and provide a tender price for undertaking the construction based on that stage 4 design.
The Council received three strong bids following an invite to tender through an open market process, which were assessed and scored on both price and quality, with Wates being the successful bidder. The council will now enter in to the PSCA stage of the contract”.
The officials concerned are keen to point out that the decision does not commit the Council to proceeding with the whole of the Castle Gateway scheme which has been costed at £55 million.
Of this, current plans are for the Council to borrow £45 million.