Award

REQUEST FOR QUOTATION (RFQ) FOR NEW FUNDING QUOTATIONS - APPOINTMENT OF LEGAL ADVISORS

GREATWELL HOMES LIMITED

This public procurement record has 1 release in its history.

Award

15 Aug 2025 at 18:05

UK6 - Contract Award Notice
Summary of the contracting process

Greatwell Homes Limited, based in Wellingborough, Northamptonshire, has carried out a procurement process to appoint legal advisors for their new funding endeavours, specifically for reviewing and completing loan documentation and conducting property due diligence. This process, identified as "REQUEST FOR QUOTATION (RFQ) FOR NEW FUNDING QUOTATIONS – APPOINTMENT OF LEGAL ADVISORS," falls under the industry category of legal advisory services. The procurement process has reached the award stage; it was conducted through a limited competition method, specifically below threshold. The award was made on 14th August 2025 to Trowers and Hamlins LLP, a large-scale supplier based in London. The contract period is set to begin on 30th August 2025 and conclude on 28th August 2026, encompassing activities in multiple regions within the United Kingdom.

This tender represents significant opportunities for business growth, particularly for legal firms and consultancies that specialise in property and financial legal advisory services. Due to the multifaceted nature of the project, which includes loan documentation and property security due diligence, businesses with expertise in dealing with large-scale property portfolios, real estate law, and financial negotiations may find this contract particularly attractive. While the procurement method limited the competition initially, indicating that only a select few could bid, businesses prepared for similar future opportunities could benefit from this experience by aligning their service offerings to meet the needs of entities like Greatwell Homes.

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Notice Information

Notice Title

REQUEST FOR QUOTATION (RFQ) FOR NEW FUNDING QUOTATIONS - APPOINTMENT OF LEGAL ADVISORS

Notice Description

Greatwell Homes was formed in 2007 following a large-scale voluntary transfer (LSVT) from Wellingborough Borough Council (now part of North Northamptonshire Council). At 31 March 2025 we owned and managed 5,326 properties in and around the Wellingborough area. Greatwell sought to appoint legal advisors to support the review, negotiation and completion of loan facility documentation and security due diligence for two lenders following a recent new funding request for proposals exercise (RfP). There are currently 3,117 properties valued at PS127m existing use value, social housing allocated to Barclays through the Security Trustee arrangement with M&G. It is Greatwell Homes intention to reallocate some of this security to Natwest as there is sufficient to cover both facilities. Most of the properties in the list would have been acquired by Greatwell Homes at transfer in 2007. In addition to the new funding exercise, Greatwell Homes also have a need for further property due diligence support for: *An uplift of the properties allocated to The Pension Insurance Corporation (PIC) through the security trustee, from existing use value, social housing (EUV-SH) to market value subject to tenancy (MV-ST) values (1,033 properties valued at PS46m securing a facility of PS40m); and *A due diligence health check on our unencumbered property portfolio with a view to aide future charging into the security trustee (971 properties) Greatwell Homes invited quotations from interested parties to support with this work. All bidders could quote separately for either (1) the loan documentation or (2) the property security or for both exercises. Greatwell Homes would like to complete the new funding work as soon as is practically possible to have the funds available to draw therefore this work is the priority. This RFP is provided on the same basis to all organisations. To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=973922529

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-058952
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/049296-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79110000 - Legal advisory and representation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£38,380 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20256 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Aug 20256 months ago
Contract Period
29 Aug 2025 - 28 Aug 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GREATWELL HOMES LIMITED
Contact Name
Julie Robinson
Contact Email
julie.robinson@greatwellhomes.org.uk
Contact Phone
07717421098

Buyer Location

Locality
WELLINGBOROUGH, NORTHAMPTONSHIRE,
Postcode
NN8 4AD
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF25 North Northamptonshire
Delivery Location
Not specified
Local Authority
North Northamptonshire
Electoral Ward
Finedon
Westminster Constituency
Wellingborough and Rushden

Supplier Information

Number of Suppliers
1
Supplier Name

TROWERS AND HAMLINS

Further Information

Notice Documents

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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