Tender for Delivery of UK Private Rented Sector Housing Guarantees Scheme

Tender for Delivery of UK Private Rented Sector Housing Guarantees Scheme

The Department for Communities and Local Government (DCLG) wishes to receive proposals for the delivery of the UK wide Private Rented Sector (PRS) Housing Guarantees scheme. There are two schemes, one covering the PRS and the other Affordable Housing.

United Kingdom-London: Financial and insurance services

2014/S 054-090441

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Department for Communities and Local Government
Eland House, Bressenden Place
For the attention of: Rachel Carter
SW1E 5DU London
UNITED KINGDOM
Telephone: +44 3034442268
E-mail: rachel.carter@ccs.gsi.gov.uk
Fax: +44 00

Internet address(es):

General address of the contracting authority: https://www.gov.uk/government/organisations/department-for-communities-and-local-government

Address of the buyer profile: https://communities.bravosolution.co.uk

Electronic access to information: https://communities.bravosolution.co.uk

Electronic submission of tenders and requests to participate: https://communities.bravosolution.co.uk

Further information can be obtained from: The above mentioned contact point(s)

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)

Tenders or requests to participate must be sent to: The above mentioned contact point(s)

I.2)Type of the contracting authority

Ministry or any other national or federal authority, including their regional or local sub-divisions
I.3)Main activity

Housing and community amenities
I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting authority:

Invitation To Tender For: The delivery of the UK wide Private Rented Sector (PRS) Housing Guarantees scheme.
II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: Various sites and locations across the UK.
NUTS code UK

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement
II.1.5)Short description of the contract or purchase(s)

The Department for Communities and Local Government (DCLG) wishes to receive proposals for the delivery of the UK wide Private Rented Sector (PRS) Housing Guarantees scheme. In September 2012, Government announced the creation of the Housing Guarantees schemes. There are two schemes, one covering the PRS and the other Affordable Housing. On 20th June 2013 DCLG announced the appointment of Affordable Housing Finance Plc (AHF, a subsidiary of The Housing Finance Corporation Ltd) to deliver the Affordable Housing Guarantees Scheme. This contract notice deals exclusively with the PRS Housing Guarantee scheme. Tenderers will need to detail how they will raise and/or deploy the capital/funding required and provide loans to borrowers under the PRS Housing Guarantee scheme, together with the policies and procedures they will adopt.
In order to reduce the overall interest cost to the borrowers, DCLG will provide a guarantee covering full repayment of principal and interest, in respect of either (i) the payment obligations of a borrower pursuant to a loan from, or arranged by, the tenderer and/or (ii) the scheduled payment obligations of the tenderer, or a vehicle established by the tenderer, in respect of any capital raised, where applicable, for the purpose of on-lending to one or more borrowers. Provision of the guarantee for each loan, or any capital raised for the purpose of funding a loan, will be subject to DCLG approval, which will take account of the eligibility and purpose of the loan and satisfaction and approval of the risks of the individual borrowing and/or project. Guarantees will become effective on completion of the related capital raising (where applicable) and on-lending transactions.
Of key importance to DCLG is the maximisation of the benefit of the guarantee in reducing the cost of borrowing and minimising the risk of financial loss for DCLG as guarantor. Therefore tenderers will need to explain how they consider the capital can be raised (where applicable) or funding provided at the best price and provide their costings, both transactional and operational for the capital raising/funding and on-lending activities, so that the impact of these on the overall charge to be made to borrowers can be clearly assessed. Alongside this the approach to minimising the risk of financial loss including the proposed governance, control, risk assessment and due diligence policies and procedures should be set out.
II.1.6)Common procurement vocabulary (CPV)

66000000, 66100000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): yes
II.1.8)Lots

This contract is divided into lots: no
II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:

The successful tenderer will be granted an exclusive Licence by DCLG to deliver the PRS Housing Guarantees scheme. There are separate schemes for Affordable Housing and PRS projects. The maximum value of guarantees across both schemes is 10 billion GBP, of which each of the Affordable Housing and PRS schemes will be allocated 3.5bn GBP initially, with the remaining 3.0bn GBP held in reserve to meet additional demand on one or both schemes.
From contract award to 31.12.2016 is the Guarantee Availability Period: approval for guarantee support for any individual loan must have been completed by 30.12.2016.
Subject to mutual agreement between the Government and the Licensee, this availability period may be extended for the period of 1 year to 31.12.2017.
II.2.2)Information about options
II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Starting 30.6.2014. Completion 31.12.2054

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:

Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:

Please refer to the ITT pack for the full information. The ITT pack can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: yes
Description of particular conditions: Please refer to Annex B and Annex G of the ITT pack.
The ITT pack, includng Annexes B and G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: Suppliers Instructions How to Express Interest in this Tender~: 1. Register your organisation on the eSourcing portal (this is only required once) – Browse to the eSourcing Portal: https://communities.bravosolution.co.uk and click the link to register – Accept the terms and conditions and click ‘continue’ – Enter your correct business and user details – Note the username you chose and click ‘Save’ when complete – You will shortly receive an email with your unique password (please keep this secure) 2. Express an Interest in the tender – Login to the portal with the username/password – Click the ITTs Open To All Suppliers’ link. (These are Invitations to Tender open to any registered supplier) – Click on the relevant ITT to access the content. – Click the ‘Express Interest’ button at the top of the page. – This will move the ITT into your ‘My ITTs’ page. (This is a secure area reserved for your projects only) -You can now access any attachments by clicking ‘Buyer Attachments’ in the ‘ITT Details’ box 3. Responding to the tender – Click ‘My Response’ under ‘ITT Details’, you can choose to ‘Create Response’ or to ‘Decline to Respond’ (please give a reason if declining) – You can now use the ‘Messages’ function to communicate with the buyer and seek any clarification – Note the deadline for completion, then follow the onscreen instructions to complete the ITT – There may be a mixture of online & offline actions for you to perform (there is detailed online help available) You must then submit your reply using the ‘Submit Response’ button at the top of the page. If you require any further assistance please consult the online help, or contact the eTendering help desk.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

Minimum level(s) of standards possibly required: Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

Minimum level(s) of standards possibly required:
Please refer to Annex G – Open Procedures Selection Criteria – of the ITT pack for the full information. The ITT pack, includng Annex G can be found as an attachment on the e-tendering portal (https://communities.bravosolution.co.uk).

III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision:
III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: yes

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure

Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria
IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document
IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:

CPD: 004/106/071
IV.3.2)Previous publication(s) concerning the same contract

Notice on a buyer profile

Notice number in the OJEU: 2013/S 25-038594 of 5.2.2013

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
IV.3.4)Time limit for receipt of tenders or requests to participate

7.5.2014 – 18:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 4 (from the date stated for receipt of tender)
IV.3.8)Conditions for opening of tenders

Date: 8.5.2014 – 09:00

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information

The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction.
VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures

please refer to the contact point stated in Section 1: Contracting Authority of this notice

Body responsible for mediation procedures

please refer to the contact point stated in Section 1: Contracting Authority of this notice

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: Please refer any questions in respect of lodging appeals to the contact point stated in Section 1: Contracting Authority of this notice.
VI.4.3)Service from which information about the lodging of appeals may be obtained

please refer to the contact point stated in Section 1: Contracting Authority of this notice

VI.5)Date of dispatch of this notice:12.3.2014