TVCA-PROC-0904 - BHF R4 Business Case Development

Description

Tees Valley Combined Authority (TVCA) have awarded a contract for a single supplier to support the development, review and refinement of project-level business cases for Brownfield Housing Fund (BHF) Round 4 schemes, helping to unlock £32 million of funding and facilitate the delivery of approximately 1,085 new homes across the Tees Valley. As set out in the UK4 Tender Notice, the contracting authority reserves the right to modify the contract in reliance on Schedule 8 paragraph 5 of the Procurement Act 2023 where the contracting authority considers that a “known risk” has arisen. A “known risk” is a risk which could jeopardise the satisfactory performance of the contract but because of the nature of the risk it could not be addressed in the contract as awarded. •Funding Variations: Contract scope, deliverables, or duration may require amendment due to the withdrawal, reduction, reallocation, or increase of allocated funding during the contract term triggered by Government. •Changes to BHF, TVCA, Government or assurance requirements •Higher-than-expected scheme volumes or complexity •Cyber Security Incidents: Cyber attacks or security breaches may disrupt operational activity and require remedial action internally resulting in contract variation. A maximum Contract Value has been set at £195,00.00