---
title: "TRHS0001 Administration of the Shimmer Relocation Appreciation Loan Scheme"
ocid: "ocds-h6vhtk-03c400"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03c400"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c400.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c400.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEPARTMENT FOR TRANSPORT"
published: "2023-09-05"
---

# TRHS0001 Administration of the Shimmer Relocation Appreciation Loan Scheme

Buyer: DEPARTMENT FOR TRANSPORT  
Current stage: Award  
OCID: ocds-h6vhtk-03c400

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## Summary

The Department for Transport has awarded a contract for the administration of the Shimmer Relocation Appreciation Loan Scheme to Lendology CIC. The contract involves providing capped loans to homeowners who cannot independently purchase a replacement property. It includes assessing applications, determining financial aid levels, and managing repayments. The contract is for a three-year term with a value of £70,000 GBP, including assessment based on quality, social value, and price criteria.

This tender offers business opportunities for companies capable of providing administrative services for financial assistance schemes. Businesses in the services sector, particularly those experienced in financial assessment and loan administration, would be well-suited to compete for this tender opportunity. The tender, now completed, focused on quality, social value, and price criteria in awarding the contract for administering the Relocation Appreciation Loan Scheme.

## Notice

This contract is for the full administration on a three year contract to administer a Relocation Appreciation Loan (RAL) Scheme. This will include the assessment and processing of applications, determining the level of financial assistance that should be provided within the scheme's criteria, and administering the loan and any repayments made by the recipient. The RAL is an established scheme that has been operational for five years.

### Lot Information

Lot 1

The contract will require the Supplier to work with both the DfT and HS2 Ltd. While the DfT will perform the role of Contract Manager, delivery reports will need to be distributed to both organisations. The RAL will provide a capped loan to homeowners who cannot purchase a replacement local property independently. No interest will be charged on the amount of the loan over its duration, although applicants will be able to make repayments within scheme rules. The loan will be repayable as a proportion of the property's value when the replacement property next changes ownership, enforceable via a legal charge placed on the property. The loan will complement existing Compensation Code payments and cover any shortfall between an applicant's Compensation Code payment and the cost of a replacement local equivalent property (subject to certain caveats). Caps will apply to the loan amount and to the equity share in the replacement property, which will be confirmed at the contract award stage. RICS valuation of the applicant's current property, and their chosen alternative property, as well as a RICS assessment of whether the alternative property is considered "local" and "comparable" will be carried out by another third party (estate agent or similar) organisation in line with the scheme's criteria. The Supplier will be able, and expected, to use valuations commissioned from this third party organisation when assessing RAL applications, and when administering repayments during the loan's life. The Contract term will be for an initial term of 36 months, with an option to extend at the DfT's sole discretion for 12+12 months if required.

Renewal: The Contract term will be for an initial term of 36 months, with an option to extend at the DfT's sole discretion for 12+12 months if required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/026183-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Sep 2023 |
| Submission deadline | 26 May 2023 |
| Future notice date | Not specified |
| Award date | 15 Aug 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £70,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £70,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR TRANSPORT |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 4DR |
| 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 | Vincent Square |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LENDOLOGY |

## CPV Codes

### Divisions

- 75 - Administration, defence and social security services

### Codes

- 75110000 - General public services
- 75112000 - Administrative services for business operations

## Release History

- 5 Sep 2023 at 11:21 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/026183-2023
- 25 Apr 2023 at 13:15 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/011840-2023

## Notice URLs

- https://dft.app.jaggaer.com/web/login.html
- https://www.gov.uk/government/organisations/department-for-transport

## 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-h6vhtk-03c400. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03c400.json.