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Published 22 Sept 2023, 17:54 BST

Official UK procurement notice

Home Energy Efficiency Loan (HEEL)

Official notice

Authority: London Borough of Merton (Local council)

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: London (UKI63)
Budget not disclosedValue not published
Submissions closed 23 Oct 2023

What is being bought

Published requirement description

The London Borough of Merton (“the Council”) is inviting tenders to an FCA registered loan administrator to operate a revolving fund at a competitive interest rate for the residents of Merton Borough in Southwest London.

CPV: Loan brokerage services

The lotProcurement structure

single lot · no lot value published
Lot #1The aim of this contract is for a Financial Conduct Authority registered loan…

The aim of this contract is for a Financial Conduct Authority registered loan administrator to manage all aspects of a loan fund for a period of 25 years. This is on behalf of the London Borough of Merton, who are based in the Southwest of London (including the areas of Mitcham, Wimbledon and Morden).

The loan is to assist domestic property owners with the costs of completing retrofit works relating to energy efficiency and decarbonising homes in the borough. The London Borough of Merton has 86,000 homes and they contribute 44% to the local carbon footprint. In order to meet the boroughs 2050 Net Zero target, underpinned by the 2019 Climate Emergency Declaration and approval of the Climate Strategy and Action Plan the following year, these homes will need to be retrofitted to an average EPC rating of B (currently D).

The loan will be aimed at private homeowners (there are 71,000 privately owned homes, 15,000 are owned by Social Housing Providers). The loan broker is required to carry out all the processes related to administering the loan and keep in close contact with the Councils contract manager for monitoring and evaluation of this scheme.

Delivery: London
Variant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 35%Price: 60%Social value: 5%
Published sub-criteria (7)
  • Relevant experience: 8%
  • Advertising and promotion: 8%
  • Management of loan process: 8%
  • Performance and reporting: 6%
  • Property assessment: 5%
  • price: 60%
  • Social Value: 5%
Published award criteria (7)
  • Relevant experience: 8
  • Advertising and promotion: 8
  • Management of loan process: 8
  • Performance and reporting: 6
  • Property assessment: 5
  • Social Value: 5%
  • Price: 60
Conditions of participation1
  • Suitability

    Regulated by Financial Conduct Authority

What this means for your bid
  • Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Closed
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
22 Sept 2023, 17:54 BST
Last source update
22 Sept 2023, 17:54 BST
Award evaluation window
23 Oct 2023 – …
Authority reference
DN690969
FTS notice number
2023/S 000-028105
Classification (CPV)
Loan brokerage services
Delivery area
London (UKI63)
Official registry OCID
ocds-h6vhtk-04032d Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Submission deadline
23 Oct 2023, 14:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
23 Oct 2023, 14:00 BST
Detailed submission instructions & authority contactsFrom official release

procontract.due-north.com/Register ↗

Timeline

22 Sept 2023 → 23 Oct 2023 · 3 dates
  1. Notice published
    22 Sept 2023, 17:54 BST
  2. Submission deadline
    23 Oct 2023, 14:00 BST
  3. Bids opened
    23 Oct 2023, 14:00 BST

Contracting authority & participating public bodies

London Borough of Merton

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Civic Centre, London Rd, Morden, London, SM4 5DXContact email Published organisation website ↗

Dispute resolution & review bodies

  • The Royal Courts of JusticeReview body London

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria