Award

Activities of Insurance Agents and brokers

BROMFORD HOUSING GROUP LIMITED

This public procurement record has 1 release in its history.

Award

15 Jan 2025 at 14:47

Award Notice
Summary of the contracting process

The Bromford Housing Group Limited has completed a procurement process for "Activities of Insurance Agents and Brokers," falling under the industry category of real estate services (CPV code 70000000), specifically targeting property sales and marketing. This contract is with The New Homes Group Limited and covers various tasks, including valuing properties, instructing estate agents, marketing homes, and managing sales processes across the UK. The contract, valued at £500,000, was signed on 9th January 2025 and is effective ten days post-notice transmission, with an initial duration of one year and a possible one-year extension. This procurement adhered to a limited procurement method due to specific technical requirements and the expertise offered by The New Homes Group.

This tender presents a significant opportunity for businesses specialising in real estate marketing and property valuation services. Companies with experience in comprehensive sales management, especially in the housing sector, would find this contract particularly beneficial for growth. The award of this contract to The New Homes Group Limited, a specialist in turnkey housing solutions, highlights the requirement for expertise in managing property portfolios efficiently. Businesses capable of delivering high-quality, technically precise services within this field could leverage similar opportunities to expand their market presence.

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Notice Information

Notice Title

Activities of Insurance Agents and brokers

Notice Description

This procurement has been initiated by Bromford's need for a comprehensive solution to address Bromfords property requirements relating to sales and marketing. The New Housing Group offers a specialised turnkey solution. Bromford will enter into a contract with The New Homes Group, effective ten days after the transmission of this notice, for an initial period of one year with an option for an additional one-year extension.

Lot Information

Lot 1

The New Homes Group will be in consultation closely with Bromford on the following tasks: Valuing properties across the UK. Instructing estate agents. Monitoring the marketing of homes and providing pricing suggestions. Referring offers with recommendations. Managing the sale process for the entire portfolio. Coordinating with all solicitors to facilitate the chain. Ad-hoc duties as and when required.

Procurement Information

The New Homes Group are a New Homes specialist that helps with a turnkey solution for Bromfords current requirements. Bromford believe this is a specialised service and as a result believes Clause 32 (b) (ii) applies Regulation 32(2) states: "The negotiated procedures without prior publication may be used for public works contracts, public supply contracts and public service contracts in any of the following cases:- (b) where the works, supplies or services can be supplied only by a particular economic operator for any of the following reasons:- (ii) competition is absent for technical reasons A direct award to The New Housing Group would be the only option based on Bromfords technical service requirements. This will reduce additional costs being incurred by appointing separate broker/agent for each discipline or action. TNHG have the capabilities to offer a comprehensive service. Due to the nature of the service and absence of suitable alternative competition as well as the reasons stated above, THNG are considered the only operator able to meet the technical requirements of this contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04d047
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001381-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

70300000 - Real estate agency services on a fee or contract basis

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000 £500K-£1M

Notice Dates

Publication Date
15 Jan 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Jan 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BROMFORD HOUSING GROUP LIMITED
Contact Name
Corinne Dixon
Contact Email
corinne.dixon@bromford.co.uk
Contact Phone
+44 7730541352

Buyer Location

Locality
TEWKESBURY
Postcode
N/A
Post Town
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

THE NEW HOMES GROUP

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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