---
title: "SBC 0418 Provision of a Secured Loan Service - AWARD"
ocid: "ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SUPPLY HERTFORDSHIRE"
published: "2018-08-23"
---

# SBC 0418 Provision of a Secured Loan Service - AWARD

Buyer: SUPPLY HERTFORDSHIRE  
Current stage: Award  
OCID: ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65

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## Summary

The procurement process involves Stevenage Borough Council, which is seeking tenders for the provision of a Secured Loan Service as part of a major refurbishment programme for approximately 540 blocks of flats across Stevenage. The awarded contract, which is now complete, was valued at £260,900 and was published on 23rd August 2018. The contract period commenced on 1st September 2018 and is set to continue until 31st August 2043. The tender was initially open until 1st June 2018, and the required industry category falls under loan brokerage services.

This tender presents significant opportunities for businesses specialised in financial services and loan management, particularly those that are FCA regulated and compliant with GDPR. Companies that can efficiently handle the administrative processes associated with secured loans, from risk assessment to arrears collection, will find this procurement attractive. Small and medium-sized enterprises (SMEs) may be well-suited to compete in this tender, given the nature of the service required and the focus on tailored financial solutions for residents.

## Notice

Stevenage Borough Council are currently seeking tenders for the provision of a Secured Loan Service. Stevenage Borough Council is shortly to embark upon a Major Refurbishment Programme of approximately 540 blocks of flats across Stevenage. The programme will run over a five year period. Most residents rent their home but approximately 1000 of them are leaseholders, having purchased their flats under the Right to Buy. These leaseholders will need to pay their contribution towards the cost of refurbishment to their blocks. Many will pay by arranging personal financial solutions, but for some residents this may not be an option, due to age, financial circumstances, etc. To assist these customers, Stevenage Borough Council will be offering loans secured by a charge on their property. The number of loans which will be made is unknown but could potentially range from 1 to 100+. Whilst the loan funds will be made available by the council (note that no funds will physically transfer to a leaseholder as the council would already have paid for the works - this is simply the repayment period the council is allowing for the leaseholder to reimburse these costs) we wish to fully outsource the entire administrative process for the loans from a customer's first contact to the final settlement of their loan. This will include, amongst other things, the application process, risk assessment of the borrower, loan set up, registering of the charge, payments, arrears collection, loan redemption, all administration and day to day processing related to the loans, to an external company. It is essential that this company will be FCA regulated and fully compliant with General Data Protection Regulations (GDPR). Please note the deadline for returns and allow sufficient time to make your return as late returns will not be permitted. Any questions relating to this quote should be made via correspondence on the website and can be addressed to the main contact as shown in the details above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/16fc160c-446e-482f-bb91-6629ccdf0719 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Aug 2018 |
| Submission deadline | 1 Jun 2018 |
| Future notice date | Not specified |
| Award date | 15 Jul 2018 |
| Contract period | 31 Aug 2018 - 31 Aug 2043 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £750,000 |
| Lots value | Not specified |
| Awards value | £260,900 |
| 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 | SUPPLY HERTFORDSHIRE |
| Locality | HERTFORDSHIRE |
| Post town | Stevenage |
| Postcode | SG1 1HN |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH2 Bedfordshire and Hertfordshire |
| ITL 3 | TLH26 North and East Hertfordshire |
| Local authority | Stevenage |
| Electoral ward | Old Town |
| Westminster constituency | Stevenage |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GEMINI CONSULTANTS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66190000 - Loan brokerage services

## Release History

- 23 Aug 2018 at 09:54 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/16fc160c-446e-482f-bb91-6629ccdf0719

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/16fc160c-446e-482f-bb91-6629ccdf0719
  23rd August 2018 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-831a4b5a-0153-46c9-9162-7807d881bc65.json.