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Insurance-Based Tenancy Deposit Protection Scheme Concession Contract A

DEPARTMENT FOR LEVELLING UP, HOUSING AND COMMUNITIES

This public procurement record has 1 release in its history.

AwardUpdate

15 Mar 2022 at 15:46

Award Notice
Summary of the contracting process

The Department for Levelling Up, Housing and Communities (DLUHC) is initiating a tender for the "Insurance-Based Tenancy Deposit Protection Scheme Concession Contract A". This procurement falls under the services industry, specifically categorised as financial loss insurance services (CPV: 66515410). The contract, which is actively awarded, relates to services provided in England and Wales and is associated with existing suppliers that offer insurance-based tenancy deposit protection schemes. The current stage of this procurement process is the Award phase, with the contract scheduled to be extended for a further 36 months, expiring on 31 March 2026.

This tender presents a significant opportunity for businesses involved in insurance and financial services, particularly those specialising in tenancy deposit protection. Companies providing dispute resolution services or insurance products that cater to landlords and tenants will find this procurement particularly relevant. The competitive nature of the existing suppliers in this market allows for innovative service propositions, making it an ideal space for businesses aiming to expand their footprint in the insurance domain.

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Notice Information

Notice Title

Insurance-Based Tenancy Deposit Protection Scheme Concession Contract A

Notice Description

Lot Information

Lot 1

The Housing Act 2004 requires a landlord to protect a tenant's deposit from misappropriation in a government approved tenancy deposit (TDP) scheme for a home rented on an assured shorthold tenancy that started after 6 April 2007. Insurance-based TDP schemes allow landlords or letting agents to hold the physical deposits and charge a fee that is used to buy insurance to protect the deposits. A tenant may make a claim to the scheme should his or her deposit not be returned at the end of the tenancy in accordance with statutory deadlines. All TDP schemes are required to provide alternative dispute resolution as an alternative to the courts in the event of a dispute between tenant and landlord at the end of the tenancy. This notice relates to one of three existing suppliers which each offer an insurance-based scheme. The schemes compete with one another for customers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032209
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007023-2022
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66515410 - Financial loss insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Mar 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Oct 201213 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR LEVELLING UP, HOUSING AND COMMUNITIES
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
SW1P 4DF
Postcode Area
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

Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)

Further Information

Open Contracting Data Standard (OCDS)

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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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