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Package Deal at Corinthian Way, Cheltenham

Published 17 Jun 2026

17 Jun 2026

GUINNESS DEVELOPMENTS LIMITED

Primary CPV: 45210000 *
Building construction work
Location: 🇬🇧 Gloucestershire, Wiltshire and Bristol, South West
Value: £17,577,346
Contract: 4.5 years Duration
30/06/2026 31/12/2030
Contract Types: 45 *Construction work
Full CPV Breakdown
SME suitable: Not stated

Publisher Address

7th Floor 350 Euston Road, London, NW1 3AX, United Kingdom · UKK1

Contact

procurement@guinness.org.uk

Award Criteria

Not specified

FULL DOCUMENTATION

Related tenders

GUINNESS DEVELOPMENTS LIMITED

All notices from this publisher

Same CPV code

45210000 *

All notices with this CPV code

Reference: ocds-h6vhtk-06b644

Guinness Developments Limited (GDL") have awarded a build contract with Stonebond Properties (Birmingham) Limited. This scheme is a traditional land and build "package" brough to GDL by Stonebond, which will result in the construction of up to 60 homes on land at Corinthian Way, Cheltenham, GL51 6UP. The package deal comprises the unconditional purchase of land from Stonebond by GDL and the construction of the new homes as an exempt transaction under Procurement Act 2023. The Contracting Authority will be GDL who are a subsidiary of The Guinness Partnership Limited ("TGPL"). Ownership of the properties will be transferred to TGPL upon practical completion or Golden Brick. Please note that VAT is only payable on the land purchase element of the contract. The build element of the contract is not subject to VAT.

Full CPV breakdown

45210000 — Building construction work (primary)

Notice details

Buyer type: Other public body
Competition: Direct award (no competition)
Contract type: Works
Winning supplier: SME
Procurement method: Direct award
Main category: Works
Above threshold: Yes
Legal basis: UKPGA 2023/54
Notice status: Complete
Award status: Pending
Award date: 16 Jun 2026
Standstill period ends: 26 Jun 2026
Contract can be extended to: 31 Dec 2032
Renewal: This is a works contract. It is driven by the completion of the works on site rather than a calendar date - therefore can be extended at the Employer's discretion until such time as the works are complete. There is also a requirement to secure planning (Reserved Matters) approval before the build can commence, which will influence the delivery programme.
Language: EN
Published: 17 Jun 2026 16:25
OCID: ocds-h6vhtk-06b644
Notice ID: ocds-h6vhtk-06b644

Organisations on this notice

STONEBOND PROPERTIES (BIRMINGHAM) LIMITED

Supplier SME

Stonebond House, Chelmsford, CM2 0RG, United Kingdom

daniel.forrester@stonebondltd.com

www.stonebondproperties.com

GB-COH 13233457

Key dates

Future Signature Date: 30 Jun 2026 · Scheduled

Full notice record

58 details

Everything the publisher included in this notice, organised by section.

Organisations

Party 1 › Name	GUINNESS DEVELOPMENTS LIMITED
Party 1 › Address › Street	7th Floor 350 Euston Road
Party 1 › Address › Town / city	London
Party 1 › Address › Postcode	NW1 3AX
Party 1 › Address › Country	GB
Party 1 › Address › Country	United Kingdom
Party 1 › Address › Region (NUTS)	UKI31
Party 1 › Contact › Email	procurement@guinness.org.uk
Party 1 › Role	buyer
Party 1 › Classification › Description	Public undertaking
Party 2 › Name	STONEBOND PROPERTIES (BIRMINGHAM) LIMITED
Party 2 › Address › Street	Stonebond House
Party 2 › Address › Town / city	Chelmsford
Party 2 › Address › Postcode	CM2 0RG
Party 2 › Address › Country	GB
Party 2 › Address › Country	United Kingdom
Party 2 › Address › Region (NUTS)	UKH36
Party 2 › Contact › Email	daniel.forrester@stonebondltd.com
Party 2 › Role	supplier
Party 2 › Link	http://www.stonebondproperties.com
Party 2 › Business size	sme
Party 2 › VCSEs	No
Party 2 › Public service mission organisation	No
Party 2 › Sheltered workshop	No

Buyer

Name	GUINNESS DEVELOPMENTS LIMITED

Tender

Title	Package Deal at Corinthian Way, Cheltenham
Status	complete
Procedure type	direct
Procedure	Direct award
Lot › Status	complete

Awards

Title	Package Deal at Corinthian Way, Cheltenham
Status	pending
Date	16 Jun 2026
Value › Value incl. VAT	£18,572,078
Value › Value	£17,577,346
Value › Currency	GBP
Category	works
Above threshold	Yes
Supplier › Name	STONEBOND PROPERTIES (BIRMINGHAM) LIMITED
Item › CPV › Description	Building construction work
Item › Delivery › Region (NUTS)	UKK1
Item › Delivery › Country	GB
Item › Delivery › Country	United Kingdom
Standstill period › End	26 Jun 2026
Contract period › Start	30 Jun 2026
Contract period › End	31 Dec 2030
Contract period › Can be extended to	31 Dec 2032
Can be renewed	Yes
Renewal › Description	This is a works contract. It is driven by the completion of the works on site rather than a calendar date - therefore can be extended at the Employer's discretion until such time as the works are complete. There is also a requirement to secure planning (Reserved Matters) approval before the build can commence, which will influence the delivery programme.
Has options	Yes
Options › Description	Whilst the number of homes to be built are capped at 60 through planning, the mix of the house types could change (e.g. swapping a 2 bedroom house for a 3 bedroom house) through the planning (Reserved Matters) process which could change the £/sqft cost and contract value. Any delays to the planned (Reserved Matters) approval beyond 12 months will incur build cost inflation until planning approval is secured which will increase the stated contract value.
Document › Document type	Award notice
Document › Description	Contract award notice on Find a Tender
Document › Link	https://www.find-tender.service.gov.uk/Notice/057298-2026
Document › Published	17 Jun 2026
Milestone › Type	Future signature date
Milestone › Due	30 Jun 2026
Milestone › Status	scheduled

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