Dialogue with the remaining two bidders will continue during 2012 and culminate in the selection of a preferred bidder early in 2013, the college said.
Once planning consent is achieved, construction is expected to start in the summer of 2013 with the first stages of the new campus opening in 2015 and the final phases in 2016.
In November 2011 nine consortia submitted formal applications to qualify to tender for the opportunity to design and construct the campus – one of Scotland’s largest infrastructure investment projects.
In March 2012, following a detailed assessment process, the college shortlisted three consortia: BAM PPP, Glasgow Partnership for Learning (Laing O' Rourke) and Glasgow Learning Quarter (Sir Robert McAlpine).
Glasgow Partnership for Learning has now been eliminated.
The investment will see new buildings on the college’s land in Glasgow’s city centre at Cathedral Street and at Thistle Street on the banks of the River Clyde. When completed in 2016 the new campus should have caapcity for around 40,000 students and more than 1,000 staff.
The project is backed by the Scottish Funding Council and the project team is working with the Scottish Futures Trust (SFT) to using the Scottish government’s NPD (non-profit distributing) procurement model.