Award

Private Rented Sector Housing Guarantee Scheme

DEPARTMENT FOR COMMUNITIES & LOCAL GOVERNMENT

This public procurement record has 3 releases in its history.

AwardUpdate

11 Jan 2018 at 10:55

Award Notice
AwardUpdate

10 Jan 2018 at 13:46

Award Notice
Award

10 Jan 2018 at 11:08

Award Notice
Summary of the contracting process

The procurement process, titled "Private Rented Sector Housing Guarantee Scheme," is conducted by the Department for Communities & Local Government, located in London, England. This contract falls under the banking and investment services category and is currently at the award stage. The contract period commenced on 1 January 2018 and is set to conclude on 31 December 2018. The procurement method employed is a term extension of an existing contract, with affiliated suppliers from multiple regions including the United Kingdom and other territories worldwide. Key dates include the initial award date of 31 December 2017 and its public announcement on 11 January 2018.

This tender presents substantial growth opportunities for SMEs and VCSEs specialising in financial services, particularly those focusing on housing and investment solutions. Companies that excel in capital management and loan provision are especially well-positioned to compete, as the contractor is required to demonstrate effective strategies for raising and deploying funds under the PRS Housing Guarantee scheme. Engaging in this contract allows businesses to contribute to public sector housing initiatives while expanding their market reach and capabilities.

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Notice Information

Notice Title

Private Rented Sector Housing Guarantee Scheme

Notice Description

In September 2012, Government announced the creation of the Housing Guarantees schemes. There are two schemes, one covering the PRS and the other Affordable Housing. This contract notice deals exclusively with the PRS Housing Guarantee scheme. The Contractor will need to detail how they will raise and/or deploy the capital/funding required and provide loans to borrowers under the PRS Housing Guarantee scheme, together with the policies and procedures they will adopt. Additional information: The licence has been modified to extend the duration for a further 12 months until 31 December 2018. Both the original licence agreement and the modification are attached to this Notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-480f40e3-548d-4bc3-80cf-858aedd198bd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8b4e428-e7fd-43d8-93fe-7393c04c03ae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Term extension
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jan 20188 years ago
Submission Deadline
31 Dec 2017Expired
Future Notice Date
Not specified
Award Date
31 Dec 20178 years ago
Contract Period
1 Jan 2018 - 31 Dec 2018 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR COMMUNITIES & LOCAL GOVERNMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 4DF
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VENN GROUP

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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