Award

Homes England - New Equity Product

HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

This public procurement record has 1 release in its history.

Award

03 Mar 2023 at 14:06

Award Notice
Summary of the contracting process

Homes England has awarded a contract for their New Equity Product under the Levelling Up Home Building Fund. The procurement method used was a direct award, with a contract value of £50,000 GBP. The contract period runs from 7th February 2023 to 31st March 2023, aiming to address financial challenges in the homebuilding market. The award was given to Avison Young (UK) Ltd, and the buying organisation is based in Newcastle upon Tyne, England.

This tender by Homes England offers an opportunity for business growth specifically in research and development services and related consultancy services. Small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) are suitable to compete for this contract. The direct award method provides a streamlined process, and businesses interested in addressing financial challenges in the homebuilding market should consider participating in this opportunity.

Find more tenders on our Open Data Platform.
How relevant is this notice?

Notice Information

Notice Title

Homes England - New Equity Product

Notice Description

The Levelling Up Home Building Fund (LUHBF) was approved as part of the Spending Review 2021 (SR21) process. Since then there has been a significant change in wider macroeconomic conditions as well as specifically in the homebuilding market. Homes England would like to consider a potential New Equity Product (NEP), that would seek to address issues hampering the delivery of schemes due to the temporary dislocation of the financial markets late last year. Homes England would like to test the potential for a NEP amongst the basket of interventions within LUHBF. Initially the purpose is to understand the financial implications of the quantum and characteristics of a NEP within the overall metrics of the LUHBF model supporting the SR21 FBC. Direct award via Homes Englands Property Panel.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME, VCSE
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
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Mar 20233 years ago
Submission Deadline
31 Jan 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
7 Feb 2023 - 31 Mar 2023 1-6 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
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 5BZ
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Arthur's Hill
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

AVISON YOUNG (UK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c-2023-03-03T14:06:37Z",
    "date": "2023-03-03T14:06:37Z",
    "ocid": "ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "HCA001-DN659252-24875997",
        "title": "Homes England - New Equity Product",
        "description": "The Levelling Up Home Building Fund (LUHBF) was approved as part of the Spending Review 2021 (SR21) process. Since then there has been a significant change in wider macroeconomic conditions as well as specifically in the homebuilding market. Homes England would like to consider a potential New Equity Product (NEP), that would seek to address issues hampering the delivery of schemes due to the temporary dislocation of the financial markets late last year. Homes England would like to test the potential for a NEP amongst the basket of interventions within LUHBF. Initially the purpose is to understand the financial implications of the quantum and characteristics of a NEP within the overall metrics of the LUHBF model supporting the SR21 FBC. Direct award via Homes Englands Property Panel.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "73000000",
            "description": "Research and development services and related consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 50000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Direct award",
        "tenderPeriod": {
            "endDate": "2023-01-31T23:59:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-02-07T00:00:00Z",
            "endDate": "2023-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-168564",
            "name": "Homes England (the name adopted by the Homes and Communities Agency)",
            "identifier": {
                "legalName": "Homes England (the name adopted by the Homes and Communities Agency)"
            },
            "address": {
                "streetAddress": "The Lumen, St James Boulevard, Newcastle Helix",
                "locality": "Newcastle upon Tyne",
                "postalCode": "NE4 5BZ",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Shaun Naylor",
                "email": "shaun.naylor@homesengland.gov.uk",
                "telephone": "+44 3001234500"
            },
            "details": {
                "url": "https://www.gov.uk/government/organisations/homes-england"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-158144",
            "name": "Avison Young (UK) Ltd",
            "identifier": {
                "legalName": "Avison Young (UK) Ltd"
            },
            "address": {
                "streetAddress": "W1F 7FD"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-168564",
        "name": "Homes England (the name adopted by the Homes and Communities Agency)"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c-1",
            "status": "active",
            "date": "2023-02-01T00:00:00Z",
            "datePublished": "2023-03-03T14:06:37Z",
            "value": {
                "amount": 50000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-158144",
                    "name": "Avison Young (UK) Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-02-07T00:00:00Z",
                "endDate": "2023-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c",
                    "datePublished": "2023-03-03T14:06:37Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}