---
title: "Project Wise"
ocid: "ocds-b5fd17-60b36eea-2e2e-4490-a55a-574fd7df163d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-60b36eea-2e2e-4490-a55a-574fd7df163d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-60b36eea-2e2e-4490-a55a-574fd7df163d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-60b36eea-2e2e-4490-a55a-574fd7df163d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)"
published: "2020-04-16"
---

# Project Wise

Buyer: HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)  
Current stage: Award  
OCID: ocds-b5fd17-60b36eea-2e2e-4490-a55a-574fd7df163d

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## Summary

The public procurement process titled "Project Wise" is conducted by Homes England (the name adopted by the Homes and Communities Agency), based in London, UK. This tender falls under the classification of legal services and has recently completed the award stage. The contract, valued at £49,893, was awarded to Womble Bond Dickinson (UK) LLP and is set to commence on 23rd March 2020, concluding on 31st August 2020. Key deadlines include the tender submission period, which ended on 20th March 2020.

This tender presents a significant opportunity for businesses specialising in legal services, particularly those with experience in public sector contracts and financial frameworks. Small and medium-sized enterprises (SMEs) would be especially well-positioned to compete, given the focus on supporting smaller housing builders through the provision of development finance. Firms capable of providing comprehensive pre-instruction advice and developing structured loan processes are likely to find this project aligns well with their capabilities, fostering potential business growth in the legal services sector.

## Notice

Appointed legal panel firm will, in particular but without limitation, carry out the following in return for the appropriate fee, which should be capped at the amount mentioned in the Resource/Pricing Schedule: 1) Pre-instruction advice and discussions with Homes England personnel; 2) Preparation of the Framework agreement outlining the parameters of the lending alliance with XXX including the documentation and operation model of the lending alliance. Including: - Purpose: To support SME HBs to build more homes, more quickly, through the provision of development finance at up to 70% LTGDV. - Term: Initial 5 years to expire 30 June 2025. - Eligibility Criteria: Detailing the parameters within which XXX will operate (and be held to account) to deploy the loans, guiding risk and housing outputs in a structured manner. - Loan Process: Describing the entire loan process, including pipeline/origination, deal structuring, credit process, due diligence, contracting, Homes England accession via a Lending Accession Request (template to be created), portfolio management, repayment and protocols in distress. - Scope of various XXX roles: Agent/Lender of Record, Loan Originator & Servicer, Security Trustee, Account Bank, including specific Duty/Reliance owed to Homes England in each regard. - Ongoing Periodic MI Suite: To include quarterly output forecasting, a quarterly information pack detailing investment specific progress updates and emerging risk issues, portfolio summary data and details of emerging pipeline. - Security: will be taken and registered on a loan specific basis in favour of XXX in their capacity as Security Trustee. It will be taken via XXX standard debenture and charge documents which will have been pre-agreed as acceptable by both parties. In order to minimise the burden on the smaller target borrowers the security will be exercised over the loans and recovered by XXX (acting as Security Trustee). The Security Trustee will in turn administer the security in accordance with the Inter-Creditor Agreement. - Transferability: to be discussed, but Homes England will seek to limit the ability of XXX to transfer their economic interest in the loans. - Other provisions including: Representations and Warranties given, Consequences of Breach, Costs, Termination, Publicity and Exclusivity. Framework Agreement Appendices: 1.) Template XXX Term Sheet. 2.) Template XXX Credit Paper. 3.) Template XXX Loan Agreement with Homes England amendments. 4.) Management Information Requirements and Format. 5.) Template Professional Appointments including Addressee wording. 6.) KYC Requirements. 7.) Framework Sub-Participation Agreement (incorporating Inter-Creditor Agreement) including form of Lending Accession Request and Homes England payment confirmation schedule. Please find a description of the Alliance operating structure in Appendix I and the reporting requirement (XXX to Homes England) in Appendix II attached.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4d052020-5a47-43f2-ab45-8af073431c8f |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not applicable |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Apr 2020 |
| Submission deadline | 20 Mar 2020 |
| Future notice date | Not specified |
| Award date | 21 Mar 2020 |
| Contract period | 23 Mar 2020 - 31 Aug 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £49,893 |
| Lots value | Not specified |
| Awards value | £49,893 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY) |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 0TL |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WOMBLE BOND DICKINSON (UK |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services

## Release History

- 16 Apr 2020 at 16:06 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4d052020-5a47-43f2-ab45-8af073431c8f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4d052020-5a47-43f2-ab45-8af073431c8f
  16th April 2020 - Awarded contract notice on Contracts Finder

## Provenance

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