Contractor Procurement – Main Works

Value: £322m
Closes: 19 Nov 2026 (11 days)
Where: UK-wide
Lots: 1
Suitable for SMEs: Not stated
Contract: 4 Jun 2027 – 31 Jan 2031

In plain English

The Crown Estate wants a main contractor for the St James Market Phase 2 development: a new office building of about 312,500 sq ft built around the retained Grade II listed Carlton Cinema, plus retail space, public realm and new electricity substations. The work starts with a pre-construction services agreement and then moves to an amended JCT Design and Build 2024 contract, running from 4 June 2027 to 31 January 2031, with a total works value of £322,000,000 excluding VAT.

Good fit for: Large main contractors with experience of major city-centre office and listed-building construction.

The catch (with the notice's own words):

Includes a £100m optional extra building 130 Jermyn Street option: c.£100m excluding VAT (£120m including VAT)
Must take over a separate demolition contract a watching brief over, and the novation of, the separate Demolition Contract.
Two-step contract: pre-construction phase first delivered under a Pre-Construction Services Agreement (PCSA) and then under an amended JCT Design and Build 2024 contract

Written with AI from the official notice. Check the notice before relying on it.

What the buyer says

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)

Read the official notice Tender documents

Getting the documents

supplier.in-tend.co.uk (the buyer's own site, usually free to register).

Procedure: Competitive flexible procedure (Flexible: the buyer sets the stages, often a shortlist first, then bids). Published 23 Oct 2026.

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