Planning

SC220318 - Under Written Loans - Market Engagement

KENT COUNTY COUNCIL

This public procurement record has 1 release in its history.

Planning

09 Apr 2024 at 08:43

Planning Notice
Summary of the contracting process

The Kent County Council (KCC) has initiated a tender process titled "SC220318 - Under Written Loans - Market Engagement" under the legal basis of Financial leasing services. The Council aims to engage suppliers who can provide interest-free Debt Consolidation loans to eligible Kent residents facing financial hardship. Suppliers are required to manage loan administration, identify eligible applicants, and provide financial support services. Interested parties must register on the Kent Business Portal by 30th April 2024 for a Market Engagement Questionnaire.

This tender by KCC presents an opportunity for businesses involved in financial services or debt management to collaborate with the Council in assisting Kent residents in financial need. The procurement stage is currently planned, with a focus on market engagement and strategy development. Suppliers able to handle debt consolidation services and financial advice for individuals are well-suited to participate in this tender process, aligning with KCC's objectives of supporting the financial well-being of its residents.

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Notice Information

Notice Title

SC220318 - Under Written Loans - Market Engagement

Notice Description

The Kent County Council (KCC) are seeking to engage with potential suppliers with the ability to provide eligible residents of Kent (excluding Medway) an interest free Debt Consolidation loan to help them pay off high interest debt much quicker. The scheme will be designed to support individuals who are experiencing financial hardship. Additionally, any Kent resident who has been issued a loan by the contractor must receive regulated debt advice and further help and support that will help them to remain financially well. KCC are looking to engage with suppliers who can provide the following: * Able to administer Debt consolidation loan amounts (up to PS4000), be able to manage the repayment of the loans by the applicant, and have processes in place to manage defaulted loans. * Must be able to show how they will identify eligible applicants and work with the County Council and its partners to ensure referrals to the service can be made by the County Council and its partners. * During the initial term of the contract it is essential that the Contractor sets up an account that allows the issuing of loans using the money that has been provided as part of the contract and uses this account to re issue loans from any repayments made. * Repayment to the Council of any unspent monies at the end of the contract; it is essential that any monies received from repaid loans during the repayment stage at the end of the contract is to be paid back to the County Council. * After the applicant has received the loan, it will be expected that the Contractor refers the applicant to further support and advice through ReferKent to help maximise the applicant's income and to address any holistic issues that maybe causing financial hardship. ReferKent will monitor this. The Contractor will need to register with ReferKent and sign a Data Sharing Agreement in order to make the referrals through ReferKent. If you believe this is of interest to you and your organisation, please 'Register an interest' in this opportunity on the Kent Business Portal and you will be invited to complete a 'Market Engagement Questionnaire', which will be immediately accessible via the online messaging facility Kent Business Portal. Questionnaires are due back no later than 30th April 2024 (potential to extend this date if needed). Responses to this questionnaire will be used to inform KCC's strategy for commissioning these services; KCC may contact organisations directly to discuss/clarify their response to this questionnaire and/or run an engagement event where necessary. This Prior Information Notice is not a call for competition nor a part of a formal procurement process. The main aim of this Prior Information Notice is to raise market awareness of a future requirement and to invite interested suppliers to register their interest in participating in the Market Engagement Questionnaire.

Lot Information

Lot 1

The Kent County Council (KCC) are seeking to engage with potential suppliers with the ability to provide eligible residents of Kent (excluding Medway) an interest free Debt Consolidation loan to help them pay off high interest debt much quicker. The scheme will be designed to support individuals who are experiencing financial hardship. Additionally, any Kent resident who has been issued a loan by the contractor must receive regulated debt advice and further help and support that will help them to remain financially well. KCC are looking to engage with suppliers who can provide the following: * Able to administer Debt consolidation loan amounts (up to PS4000), be able to manage the repayment of the loans by the applicant, and have processes in place to manage defaulted loans. * Must be able to show how they will identify eligible applicants and work with the County Council and its partners to ensure referrals to the service can be made by the County Council and its partners. * During the initial term of the contract it is essential that the Contractor sets up an account that allows the issuing of loans using the money that has been provided as part of the contract and uses this account to re issue loans from any repayments made. * Repayment to the Council of any unspent monies at the end of the contract; it is essential that any monies received from repaid loans during the repayment stage at the end of the contract is to be paid back to the County Council. * After the applicant has received the loan, it will be expected that the Contractor refers the applicant to further support and advice through ReferKent to help maximise the applicant's income and to address any holistic issues that maybe causing financial hardship. ReferKent will monitor this. The Contractor will need to register with ReferKent and sign a Data Sharing Agreement in order to make the referrals through ReferKent. If you believe this is of interest to you and your organisation, please 'Register an interest' in this opportunity on the Kent Business Portal and you will be invited to complete a 'Market Engagement Questionnaire', which will be immediately accessible via the online messaging facility Kent Business Portal. Questionnaires are due back no later than 30th April 2024 (potential to extend this date if needed). Responses to this questionnaire will be used to inform KCC's strategy for commissioning these services; KCC may contact organisations directly to discuss/clarify their response to this questionnaire and/or run an engagement event where necessary. This Prior Information Notice is not a call for competition nor a part of a formal procurement process. The main aim of this Prior Information Notice is to raise market awareness of a future requirement and to invite interested suppliers to register their interest in participating in the Market Engagement Questionnaire.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04508b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011390-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66114000 - Financial leasing services

Notice Value(s)

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

Notice Dates

Publication Date
9 Apr 20241 years ago
Submission Deadline
Not specified
Future Notice Date
29 Apr 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
KENT COUNTY COUNCIL
Contact Name
April Woods
Contact Email
april.woods@kent.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MAIDSTONE
Postcode
ME14 1XX
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLJ South East (England)
Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Further Information

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. 

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