Official UK procurement notice
Insurance-Based Tenancy Deposit Protection Scheme Concession Contract A
Authority: Ministry of Housing, Communities & Local Government (Central government)
Re-procurement plannedCustodial Tenancy Deposit Protection Scheme · tender expected
What is being bought
Published requirement descriptionNo description was published on the notice. See the official documents.
CPV: Financial and insurance services · Financial loss insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1The Housing Act 2004 requires a landlord to protect a tenant's deposit from…
The Housing Act 2004 requires a landlord to protect a tenant's deposit from misappropriation in a government approved tenancy deposit (TDP) scheme for a home rented on an assured shorthold tenancy that started after 6 April 2007. Insurance-based TDP schemes allow landlords or letting agents to hold the physical
deposits and charge a fee that is used to buy insurance to protect the deposits. A tenant may make a claim to the scheme should his or her deposit not be returned at the end of the tenancy in accordance with statutory deadlines. All TDP schemes are required to provide alternative dispute resolution as an alternative to the courts in the event of a dispute between tenant and landlord at the end of the tenancy. This notice relates to one of three existing suppliers which each offer an insurance-based
scheme. The schemes compete with one another for customers.
Procedure terms & legal framework
From the official record · publisher note attached- Legal basis
- CELEX · 32014L0023 Concession Contracts Regulations 2016 (Directive 2014/23/EU)
- Procurement category
- Services
- Notice status
- Awarded
- 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
- Unspecified in notice
- First published
- 15 Mar 2022, 15:46 GMT
- Last source update
- 15 Mar 2022, 15:46 GMT
- FTS notice number
2022/S 000-007023- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-032209Find a Tender
Publisher note: This is a concession contract. There is no monetary consideration between DLUHC and the concessionaire.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)Insurance-Based Tenancy Deposit Protection Scheme, Service Concession Agreement - Contract A | £0 † | — | Awarded |
Contracts
Insurance-Based Tenancy Deposit Protection Scheme, Service Concession Agreement - Contract A · Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)
- Signed
- 1 Oct 2012
- Value
- £0
- Status
- active
- Change This modification will extend this contract for a further 36 months and so this contract will expire on 31st March 2026., Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: This notice is made on a voluntary basis pursuant to regulation 43 (3) Concession Contracts Regulations 2016. Because of the impact of the COVID-19 pandemic and related economic risks, priorities are best served by extending the Agreement to 31 March 2026. This will guarantee continuity of service, whilst managing the risks relating to current economic circumstances, in particular challenges with securing insurance provision.
Contracting authority & participating public bodies
Dispute resolution & review bodies
- DLUHCMediation bodyReview body
Bidders & participating suppliers
1 commercial party on the notice- Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)Awarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.