Operation of Preston Youth Zone Concession by Lancashire County Council
Awarded 30 Jun 2018
About
Lancashire County Council awarded a contract to N/A for the operation and provision of services at the Preston Youth Zone (PYZ), a facility co-locating universal positive activities for young people with targeted services for those seeking specialist support.
The contract, valued at £42,000,000, was procured under the Concession Contracts Regulations 2016, with the concessionaire taking on operational and financial risk.
The contract term is up to a maximum of 25 years, with the successful tenderer required to justify an optimum duration based on a fully costed financial model to recoup investments and achieve a reasonable return on invested capital.
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