--- title: "RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services)" ocid: "ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CAPITALESOURCING" published: "2022-05-24" --- # RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services) Buyer: CAPITALESOURCING Current stage: Tender OCID: ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf.json) ## Summary The Royal Borough of Kensington and Chelsea (RBKC) is seeking tenders for a project titled "RBKC - Specialist Financial Advice (Housing Company Issues and Valuation of Property Services)." This procurement falls within the financial and insurance services industry and is located in London, United Kingdom. The procurement is currently in the Tender stage, with submissions due by 7th June 2022, and the anticipated contract duration from 4th July 2022 to 4th August 2022. The procurement method is an open procedure, aimed at engaging businesses in the public sector. This tender presents an excellent opportunity for businesses specialising in financial advisory services, particularly those with experience in housing and property valuations. Small and Medium-sized Enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate as the tender is aimed at fostering inclusivity. With RBKC's commitment to developing 600 new homes, this initiative not only supports public housing but also offers potential contracts for companies involved in financial management, property valuation, and related consultancy services, thereby promoting business growth in these sectors. ## Notice 1.2.1 This project is requesting financial advice relating to the operation of its Holding Company and the valuation of properties being acquired by the Housing Revenue Account as part of the New Homes Programme. 1.2.2 RBKC is embarking on a housing development programme, looking to build 600 new homes of which at least 300 will be let at a social rent. This is to be achieved through a cross subsidy arising from a number of properties being let at a market rent. 1.2.3 The programme shall be funded by HRA borrowing, GLA grant and cross subsidy from market rent. The Council is leading the schemes, using a direct delivery approach through appointment of contractors. The objective of this programme is to maximise the number of social rented homes and / or create a financial benefit to the HRA. 1.2.4 During the construction of these properties, the properties will be held in the General Fund. Once the construction phase is complete it is intended that some properties will be acquired by the HRA, then made available for social rent. 1.2.5 The properties that are to be used for market rent or intermediate rent are to be held in a new company, with the Council being the sole shareholder. The intent is that this company is not a development company but will be an entity for holding the properties post construction. 1.2.6 Legal advice has already been sought regarding the establishment of the holding company. Additional information: Please find the Capital-Esourcing Link for this project below; ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/63025a56-c103-48e9-9f1c-865058a980dd | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 24 May 2022 | | Submission deadline | 7 Jun 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 3 Jul 2022 - 4 Aug 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £50,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CAPITALESOURCING | | Locality | LONDON | | Post town | West London | | Postcode | W8 7NX | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI33 Kensington & Chelsea and Hammersmith & Fulham | | Local authority | Kensington and Chelsea | | Electoral ward | Campden | | Westminster constituency | Kensington and Bayswater | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 24 May 2022 at 13:04 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/63025a56-c103-48e9-9f1c-865058a980dd ## Documents - https://www.contractsfinder.service.gov.uk/Notice/63025a56-c103-48e9-9f1c-865058a980dd 24th May 2022 - Opportunity notice on Contracts Finder - https://www.capitalesourcing.com/go/531028530180F6285E68 CapitalEsourcing ## 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-e738660e-ee32-454f-ab2e-d770813afebf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e738660e-ee32-454f-ab2e-d770813afebf.json.