Section one: Contracting authority/entity
one.1) Name and addresses
DEPARTMENT FOR LEVELLING UP, HOUSING AND COMMUNITIES
2 Marsham Street
LONDON
SW1P4DF
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
https://www.gov.uk/government/organisations/department-for-levelling-up-housing-and-communities
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Insurance-Based Tenancy Deposit Protection Scheme Concession Contract A
two.1.2) Main CPV code
- 66515410 - Financial loss insurance services
two.1.3) Type of contract
Services
two.2) Description
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
This notice relates to the extension of the insurance-based TDP contracts for services provided in England and Wales.
two.2.4) Description of the procurement at the time of conclusion of the contract:
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.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
60
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2019/S 168-410962
Section five. Award of contract/concession
Contract No
CPD/004/120/008
Title
Insurance-Based Tenancy Deposit Protection Scheme, Service Concession Agreement - Contract A
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
1 October 2012
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)
First Floor, Lumiere, Elstree Way
Boreham Wood
WD6 1JH
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
No
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £0.01
Section six. Complementary information
six.3) Additional information
This is a concession contract. There is no monetary consideration between DLUHC and the concessionaire.
six.4) Procedures for review
six.4.1) Review body
DLUHC
2 Marsham Street
London
SW1P 4DF
Country
United Kingdom
six.4.2) Body responsible for mediation procedures
DLUHC
2 Marsham Street
London
SW1P 4DF
Country
United Kingdom
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 66515410 - Financial loss insurance services
seven.1.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
Main site or place of performance
This notice relates to the extension of the insurance-based TDP contracts for services provided in England and Wales.
seven.1.4) Description of the procurement:
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.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
36
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£0.01
seven.1.7) Name and address of the contractor/concessionaire
Tenancy Deposit Solutions Ltd (Scheme trading as MyDeposits)
First Floor, Lumiere, Elstree Way
Boreham Wood
WD6 1JH
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
No
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
This modification will extend this contract for a further 36 months and so this contract will expire on 31st March 2026.
seven.2.2) Reasons for modification
Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee.
Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:
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.
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £0.01
Total contract value after the modifications
Value excluding VAT: £0.01