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The Wolverhampton Wave 5 Phase 2 initiative focuses on building schools for the future, emphasizing design development, financing, and planning. The preferred bidder has been selected and final bids have been submitted. The project includes multiple approval phases: Treasury and DfE approvals for Strategic Outline Case (SOC), Outline Business Case (OBC), and Final Business Case (FBC). Key milestones include the issuance of the OJEU notice, financial close, and the conclusion of procurement, paving the way for a successful rollout of educational facilities in the region.
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Building Schools for the Future Wave 5 Phase 2 (Wolverhampton) Post preferred bidder - design development, financing, planning Pre close of dialogue draft final bids submitted Treasury Final FBC Approval Point Local Authority developing SOC Local Authority developing OBC Treasury OBC Approval Point DfE Final FBC Approval Point Treasury SOC Approval Point Treasury FBC Approval Point DfE OBC Approval Point DfE SOC Approval Point DfE FBC Approval Point OJEU notice issued Financial Close O1 S3 P3 O3 C1 C2 P4 S2 O2 P1 S1 F1 F2 P4 P2 Project identified Procurement concluded Strategic Outline Case (SOC) Full Business Case (FBC) Outline Business Case (OBC) Confirmed FBC Procurement Live Procurement Live C2
