The value of the total work is put at £80m-£120m. The life of the programme will be a period of approximately ten years, including break clauses, with an option to extend for a further five years.
The company provides social housing and has a stock of about 6,000. It wants a provider to deliver services including responsive repairs, inspections, painting and gas servicing and installations.
Golding is seeking a dialogue with participants to ascertain whether a traditional partnering contract or a joint venture arrangement will provide the most economically advantageous tender.
If proposals for the joint venture are successful, it is intended that Golding will hold the majority shareholding (60%) and that the successful service provider will hold 40% and will bring investment to the joint venture.
The initial scope of the joint venture will be the delivery of the programme to Golding's properties in Kent but the joint venture will have potential to deliver services to other contracting authorities.
Golding's investment in the joint venture will include the transfer of staff into the joint venture and agreed associated assets.
Details of the tender can be found here in The Construction Index Contract Leads section
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