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AWARD
Complete
Package Deal at Corinthian Way, Cheltenham
Published 16 Jun 2026
16 Jun 2026
- 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 workFull CPV Breakdown
- SME suitable
- Not stated
Publisher Address
7th Floor 350 Euston Road, London, NW1 3AX, United Kingdom · UKK1
Contact
Award Criteria
Not specified
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") intends to enter into a build contract with Stonebond Properties (Birmingham) Limited. This scheme is a traditional land and build "package" deal brought 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 will comprise the unconditional purchase of land from Stonebond by GDL and simultaneously GDL will enter into a Development Agreement with Stonebond for the construction of the new homes as an exempt transaction under Procurement Act 2023.
The contracting authority for the build contract under PA2023 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
- 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
- 16 Jun 2026 16:04
- OCID
- ocds-h6vhtk-06b644
- Notice ID
- ocds-h6vhtk-06b644
Organisations on this notice
Supplier SME
Stonebond House, Chelmsford, CM2 0RG, United Kingdom
GB-COH 13233457
Key dates
- Future Signature Date
- 30 Jun 2026 · Scheduled
Full notice record
59 detailsEverything 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 |
Buyer
| Name | GUINNESS DEVELOPMENTS LIMITED |
Tender
| Title | Package Deal at Corinthian Way, Cheltenham |
| Status | complete |
| Procedure type | direct |
| Procedure | Direct award |
| Reason for this procedure | The reasons why Guinness Developments Limited considers that this direct award justification applies is because: (a) the Supplier is prepared to sell the land only as part of arrangements that include its development, (b) GDL and Cheltenham Borough Council have significant unmet housing needs in the locality of the development, evidenced through long housing waiting lists, (c) There is no other land on the market which is available for social housing development within reasonable timeframes local to the unmet needs for development. |
| Lot › Status | complete |
| Lot › Suitable for › SMEs | Yes |
| Document › Document type | Conflict of interest |
| Document › Description | Not published |
| Risk Details | Delays in achieving planning condition discharge and sectional agreements that need sign off by the Local Authority could result in additional costs being incurred and time delays to the contract. |
Awards
| Title | Package Deal at Corinthian Way, Cheltenham |
| Status | pending |
| 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 |
| 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 | Transparency notice on Find a Tender |
| Document › Link | https://www.find-tender.service.gov.uk/Notice/056785-2026 |
| Document › Published | 16 Jun 2026 |
| Milestone › Type | Future signature date |
| Milestone › Due | 30 Jun 2026 |
| Milestone › Status | scheduled |