Notice Information
Notice Title
SBC 0418 Provision of a Secured Loan Service - AWARD
Notice Description
Stevenage Borough Council are currently seeking tenders for the provision of a Secured Loan Service. Stevenage Borough Council is shortly to embark upon a Major Refurbishment Programme of approximately 540 blocks of flats across Stevenage. The programme will run over a five year period. Most residents rent their home but approximately 1000 of them are leaseholders, having purchased their flats under the Right to Buy. These leaseholders will need to pay their contribution towards the cost of refurbishment to their blocks. Many will pay by arranging personal financial solutions, but for some residents this may not be an option, due to age, financial circumstances, etc. To assist these customers, Stevenage Borough Council will be offering loans secured by a charge on their property. The number of loans which will be made is unknown but could potentially range from 1 to 100+. Whilst the loan funds will be made available by the council (note that no funds will physically transfer to a leaseholder as the council would already have paid for the works - this is simply the repayment period the council is allowing for the leaseholder to reimburse these costs) we wish to fully outsource the entire administrative process for the loans from a customer's first contact to the final settlement of their loan. This will include, amongst other things, the application process, risk assessment of the borrower, loan set up, registering of the charge, payments, arrears collection, loan redemption, all administration and day to day processing related to the loans, to an external company. It is essential that this company will be FCA regulated and fully compliant with General Data Protection Regulations (GDPR). Please note the deadline for returns and allow sufficient time to make your return as late returns will not be permitted. Any questions relating to this quote should be made via correspondence on the website and can be addressed to the main contact as shown in the details above.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/16fc160c-446e-482f-bb91-6629ccdf0719
- 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
- Not specified
- Tender Suitability
- SME
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66000000 - Financial and insurance services
66190000 - Loan brokerage services
Notice Value(s)
- Tender Value
- £750,000 £500K-£1M
- Lots Value
- Not specified
- Awards Value
- £260,900 £100K-£500K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Aug 20187 years ago
- Submission Deadline
- 1 Jun 2018Expired
- Future Notice Date
- Not specified
- Award Date
- 15 Jul 20187 years ago
- Contract Period
- 31 Aug 2018 - 31 Aug 2043 Over 5 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
- SUPPLY HERTFORDSHIRE
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- HERTFORDSHIRE
- Postcode
- SG1 1HN
- Post Town
- Stevenage
- Country
- England
-
- Major Region (ITL 1)
- TLH East (England)
- Basic Region (ITL 2)
- TLH2 Bedfordshire and Hertfordshire
- Small Region (ITL 3)
- TLH26 North and East Hertfordshire
- Delivery Location
- Not specified
-
- Local Authority
- Stevenage
- Electoral Ward
- Old Town
- Westminster Constituency
- Stevenage
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/16fc160c-446e-482f-bb91-6629ccdf0719
23rd August 2018 - Awarded contract notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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