Stone House Hospital Site

BID PROFORMA (To Be Copied as Required)

Developer/Consortium:
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Contact Name: ……………………………………………………………………….

Address: ……………………………………………………………………………...
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Telephone: ……………………………………………………………………………

I/We have read the Invitation to Negotiate Documentation and wish to submit an
offer, subject to contract, for the Stone House Hospital Site as set out below:
Payment Terms

I/We make the following bid for the ‘Stone House Hospital Site’:

Gross Conditional Bid

Total Bid Price:

£…………………………………………………….

(Words ………………………………………………

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Timing of Payment(s)

Payment 1 - On signing Development Agreement/Agreement For

Lease.

£…………………………………………………………

Payment 2 - On signing the Building Lease (following grant of

Satisfactory detailed planning permission)

£…………………………………………………………
Overage

1. Revenue

I/We propose the following overage payment terms expressed as a percentage of sales
revenue in excess of a GDV threshold for private residential units. (please use
additional sheets for a worked example):-

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2. Planning

I/We propose the following planning overage payment terms, based on a price per
unit for each additional private unit in excess of the submitted scheme. (please use
additional sheets for a worked example)

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Clawback

I/We agree that clawback will apply to any undeveloped ‘amenity’ or ‘parkland’ or
buildings in community use.

I/We acknowledge the provisions of the Invitation to Negotiate Documentation and

that English Partnerships is not bound by this or any other bid and that neither this Bid
Proforma nor the documentation referred to above is or forms any binding contract or
commitment on the part of English Partnerships.
Name of Developer:

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Signed: ……………………………………………………………………………..

Position: ……..………………………………………………………………….

Date: ……………………………………………………………………………….

Name of Solicitor:
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Address: …………………………………………………………………………..
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Telephone: ………………………………………………………………………..

Name of Bankers:
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Address: …………………………………………………………………………
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Telephone: ………………………………………………………………………

Details of Funding Arrangements:

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