Tender

RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services)

CAPITALESOURCING

This public procurement record has 1 release in its history.

Tender

24 May 2022 at 13:04

Tender Notice
Summary of the contracting process

The Royal Borough of Kensington and Chelsea (RBKC) is seeking tenders for a project titled "RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services)." This procurement falls within the financial and insurance services industry and is located in London, United Kingdom. The procurement is currently in the Tender stage, with submissions due by 7th June 2022, and the anticipated contract duration from 4th July 2022 to 4th August 2022. The procurement method is an open procedure, aimed at engaging businesses in the public sector.

This tender presents an excellent opportunity for businesses specialising in financial advisory services, particularly those with experience in housing and property valuations. Small and Medium-sized Enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate as the tender is aimed at fostering inclusivity. With RBKC's commitment to developing 600 new homes, this initiative not only supports public housing but also offers potential contracts for companies involved in financial management, property valuation, and related consultancy services, thereby promoting business growth in these sectors.

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Notice Information

Notice Title

RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services)

Notice Description

1.2.1 This project is requesting financial advice relating to the operation of its Holding Company and the valuation of properties being acquired by the Housing Revenue Account as part of the New Homes Programme. 1.2.2 RBKC is embarking on a housing development programme, looking to build 600 new homes of which at least 300 will be let at a social rent. This is to be achieved through a cross subsidy arising from a number of properties being let at a market rent. 1.2.3 The programme shall be funded by HRA borrowing, GLA grant and cross subsidy from market rent. The Council is leading the schemes, using a direct delivery approach through appointment of contractors. The objective of this programme is to maximise the number of social rented homes and / or create a financial benefit to the HRA. 1.2.4 During the construction of these properties, the properties will be held in the General Fund. Once the construction phase is complete it is intended that some properties will be acquired by the HRA, then made available for social rent. 1.2.5 The properties that are to be used for market rent or intermediate rent are to be held in a new company, with the Council being the sole shareholder. The intent is that this company is not a development company but will be an entity for holding the properties post construction. 1.2.6 Legal advice has already been sought regarding the establishment of the holding company. Additional information: Please find the Capital-Esourcing Link for this project below;

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/63025a56-c103-48e9-9f1c-865058a980dd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20223 years ago
Submission Deadline
7 Jun 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Jul 2022 - 4 Aug 2022 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CAPITALESOURCING
Contact Name
Natalia Borysik
Contact Email
natalia.borysik@rbkc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W8 7NX
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

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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