Lancashire County Council · Awarded contract
Awarded

Operation of Preston Youth Zone Concession by Lancashire County Council

Awarded 30 Jun 2018

View live tenders
Awarded30 Jun 2018
Value£42,000,000.00
SupplierN/A
RegionNorth West
CategoryPublic Services & Welfare
Expires in 1y 8mo10y term, 83% elapsed
Awarded 30 June 2018Expires 29 June 2028

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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