Tenancy Deposit Protection Schemes - Pre-Tender Market Engagement

This Pre-Tender Market Engagement (PTME) seeks information in preparation for the potential procurement of a Supplier or Suppliers to provide a custodial and/or insured Tenancy Deposit Protection (TDP) scheme to the Private Rented Sector (PRS).

The purpose of this PTME is to:

• help define the service specification for TDP schemes;
• help provide a better understanding of the feasibility of the requirements set out in this document;
• help define proposed measures to incentivise positive behaviours and drive performance;
• understand market perspectives on contract lengths;
• understand the capacity of the market to deliver and possible risks;
• provide prospective bidders with an opportunity to ask questions, raise queries and any issues to be addressed at an early stage;
• inform potential delivery timescales of the TDP schemes procurement including transitionary arrangements; and
• help inform any policy decisions at any early stage.

Please find the PTME Document attached for further detail. If you have any issues accessing the document, please contact commercialtenders@levellingup.gov.uk