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SJM2 – Contractor Procurement – Main Works

The Crown Estate · published 23 Oct 2026

Deadline
19 Nov 2026, 17:00 · questions by 5 Nov 2026, 17:00
Estimated value
£322,000,000 excluding VAT where stated
Procedure
Competitive flexible procedure · above threshold
Contract dates
4 Jun 2027 to 31 Jan 2031
Where
London (buyer's location)
Categories (CPV)
  • 45210000 Building construction work
  • 45331000 Heating, ventilation and air-conditioning installation work
  • 45453000 Overhaul and refurbishment work
  • 45454100 Restoration work
Award criteria
  • Technical (quality)
  • Commercial (price)

PSQ Stage :Tender responses will be evaluated in line with the scoring criteria in the tender documents. Tenderers must provide a full response to all questions. Tender responses must comply with the instructions set out in the tender document. Any word limits are the maximum number of words applicable to the relevant response. Any additional information provided with a Tender response will be disregarded and will not be scored as part of the evaluation process. ITT Stage: The technical criteria will account for 60% and the commercial criteria will account for 40% of the total score.

Description

St James Market Phase 2 main works will be delivered under a Pre-Construction Services Agreement (PCSA) and then under an amended JCT Design and Build 2024 contract:

• a new c.312,500 sq. ft (NIA) CAT A office building (Basement Level 2 to Level 7), built around the retained Grade II listed Carlton Cinema

• the shell and core refurbishment of the Cinema

• retail shell and core accommodation

• landscaping and public realm works

• new UKPN substations

• a watching brief over, and the novation of, the separate Demolition Contract. Total value of the works is £322m excluding VAT (£386.4m including VAT), made up of:

• St James Market Phase 2 main works, including the PCSA c.£222m excluding VAT (£266.4m including VAT)

• 130 Jermyn Street option: c.£100m excluding VAT (£120m including VAT)

Deciding whether to bid?

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