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Contractor sought for £12m Liverpool renovation

A developer is looking for contractors to carry out a £12m renovation of a listed building in Liverpool.

West Nile Developments is looking for a contractor to renovate the Watson Building in Renshaw Street as office space.

The exterior of the building will be fully restored and some internal original features will be preserved and incorporated into the new project.

The work will start as soon as possible after the selection of the main contractor and is likely to be complete in August or September 2015.

The contractor must have a turnover of at least £40m and profit of at least £2m for the past three years.

They will also need professional indemnity insurance of £10m, employers and liability cover of £50m each and be able to offer a parent company guarantee or a performance bond if required.

The contractor should have done three design-and-build projects of a scope and scale similar to the current opportunity within the last five years.

The deadline for tenders is 7 April 2014 and the contact is

The project is partly funded through the Business Premises Refurbishment Allowance and receives European funding, so the developer is advertising for the contractor through the Official Journal of the European Union.

West Nile Developments is run by Regent Capital, an investment company which specialises in investments that qualify for tax breaks, such as film tax credits, the Business Premises Renovation Allowance, and wind farms using the Enterprise Investment Scheme.

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