[Paragraph 3 – information relating to the financial or business affairs of any particular person (including the authority holding that information)]
Cabinet considered an exempt report on tenders submitted for a development in Staines-upon-Thames.
The report detailed the Council’s vision for the site, the brief provided to bidders to meet the Council’s objectives for the project, the procurement process and the evaluation exercise which had led to the recommendation.
Alternative options considered and rejected by Cabinet:
Not to proceed with the tender process.
Resolved to:
1) award the tender and grant a long lease of the site in Staines-upon-Thames to Bidder B and
2) authorise the Group Head of Corporate Governance to finalise the terms and enter into all legal documents required for the transaction.
Reason for decision
The recommendation is based on the outcome of a full (Competitive Dialogue) procurement process to identify a Preferred Bidder for the development of the site.
Bidder B submitted the most economically advantageous offer for the development