Contractors have been invited to bid on a new £3bn framework for social infrastructure in the UK by NPS.
The Social Infrastructure Development framework will be used for projects in the public sector, including new housing, schools, care homes and police stations.
The SID framework will be used to design, finance, construct the projects, funded through the development of land to be transferred to the framework winners.
NPS is looking to appoint five contractors to the framework for a period of four years.
The panel is expected to procure up to £3bn of development and construction with projects ranging from £3m to £50m in value.
NPS managing director Mike Britch said there was a “considerable and growing” pipeline of interest from public bodies, who wish to make the best use of their surplus assets.
“This framework will enable them to do so much quicker than previous routes and will ensure more value is delivered into the public sector as a result of the de-risking process envisaged by the framework.
“This will also reduce the risk for the framework members as the schemes will be substantially ‘oven ready’ before private capital needs to be deployed,” he added.
Cornerstone chief executive Tim Byles said it was the “next turn of the wheel for public procurement”.
Contractors wishing to be considered for the framework are invited to submit a PQQ by noon on 12 December.
Between eight and 10 respondents will then be invited to tender.
The framework is expected to go live from April 2015.