Award

Support for Mortgage Interest

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 2 releases in its history.

AwardUpdate

16 Jul 2024 at 11:59

Award

17 Jan 2024 at 14:04

Summary of the contracting process

The Department for Work and Pensions has awarded a contract for "Support for Mortgage Interest" in the Research and Development Services category. The procurement method used was selective, with a call-off from a framework agreement. The contract value is GBP 150,000, and the tender closed on 29th September 2023. The contract period is from 24th November 2023 to 17th May 2025.

This tender by the Department for Work and Pensions presents opportunities for businesses in the Research and Development Services sector to provide support for mortgage interest services. Small and medium enterprises (SMEs) would find this tender particularly suited to their capabilities. Businesses located in the designated delivery addresses, including the United Kingdom and other specified regions, are eligible to compete for this opportunity.

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Notice Title

Support for Mortgage Interest

Notice Description

SMI provides support to out of work and retired mortgage holders claiming income-based benefits. It aims to prevent repossession by making a contribution towards mortgage interest payments. Initially provided as a benefit, in April 2018 SMI changed from a benefit to a loan repayable upon the sale of the property. SMI loans are available to claimants on certain benefits to help meet the interest payments on their mortgage. SMI is paid as a loan, which the recipient will need to repay with interest, usually when they sell or transfer ownership of their home. To be eligible for a SMI loan, the claimant needs to be in receipt of one of the following qualifying benefits: Income Support, income-based Jobseeker's Allowance (JSA), income-related Employment and Support Allowance (ESA), Universal Credit or Pension Credit.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f2a3c46a-b7c1-4486-8d93-b0213f19d636
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8da5aa21-cbf9-4d54-8628-38a4bb92eb65
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jul 20241 years ago
Submission Deadline
29 Sep 2023Expired
Future Notice Date
Not specified
Award Date
24 Nov 20232 years ago
Contract Period
24 Nov 2023 - 17 May 2025 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
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
SW1H 9NA
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

IFF RESEARCH

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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