Award

Central to PHG's strategic objectives are providing new and existing homes that are affordable, sustainable and of a high quality. PHG's capital programme is supported through a secured debt portfolio of approximately PS2bn in value, split broadly evenly between Debt Capital Markets (DCM) and bank finance. The debt portfolio is subject to periodic valuations as detailed within individual debt facilities. Valuation services are being tendered in relation to valuations due for the year to 31st March 2028

PLATFORM HOUSING GROUP

This public procurement record has 2 releases in its history.

Award

24 Jan 2025 at 15:27

Award Notice
Tender

11 Nov 2024 at 16:39

Tender Notice
Summary of the contracting process

Platform Housing Group (PHG), based in Solihull, has completed the award phase for its tender seeking valuation services for its capital programme supported by a debt portfolio valued at approximately £2bn. Key objectives include providing affordable, sustainable, and high-quality homes, with the valuation services required for debts due by 31st March 2028. The procurement pertains to the treasury services category (CPV code: 66600000). The contract, valued at £400,000, commenced on 1st April 2025 and runs until 31st March 2028. Savills UK Limited and Jones Lang LaSalle Ltd have been selected as suppliers through an open procedure (above threshold) ending on 11th December 2024.

This tender represents a considerable opportunity for businesses specialising in treasury services and financial valuations. Companies with robust experience in periodic valuations of large debt portfolios are well-suited to compete in similar future opportunities. This contract underscores the importance of aligning with strategic objectives focused on sustainability and affordability in the housing sector, offering business growth through partnerships with prominent organisations like PHG.

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Notice Information

Notice Title

Central to PHG's strategic objectives are providing new and existing homes that are affordable, sustainable and of a high quality. PHG's capital programme is supported through a secured debt portfolio of approximately PS2bn in value, split broadly evenly between Debt Capital Markets (DCM) and bank finance. The debt portfolio is subject to periodic valuations as detailed within individual debt facilities. Valuation services are being tendered in relation to valuations due for the year to 31st March 2028

Notice Description

Central to PHG's strategic objectives are providing new and existing homes that are affordable, sustainable and of a high quality. PHG's capital programme is supported through a secured debt portfolio of approximately PS2bn in value, split broadly evenly between Debt Capital Markets (DCM) and bank finance. The debt portfolio is subject to periodic valuations as detailed within individual debt facilities. Valuation services are being tendered in relation to valuations due for the year to 31st March 2028

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-56ea89ee-9d8b-4dc0-a73f-79c44718aa21
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ddda0ff-3027-42d9-a919-c64152b5c17e
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£305,259,701 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jan 20251 years ago
Submission Deadline
11 Dec 2024Expired
Future Notice Date
Not specified
Award Date
24 Jan 20251 years ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
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
PLATFORM HOUSING GROUP
Contact Name
Natasha Symes
Contact Email
natasha.symes@platformhg.com
Contact Phone
0116 296 4043

Buyer Location

Locality
SOLIHULL
Postcode
B37 7YD
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG32 Solihull
Delivery Location
Not specified
Local Authority
Solihull
Electoral Ward
Bickenhill
Westminster Constituency
Meriden and Solihull East

Supplier Information

Number of Suppliers
2
Supplier Names

JONES LANG LASALLE

SAVILLS

Further Information

Notice Documents

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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