Published date: 11 January 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 4 August 2022, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

East of England

Value of contract

£153,445

Procurement reference

SC23004

Published date

11 January 2023

Closing date

4 August 2022

Closing time

12pm

Contract start date

9 August 2022

Contract end date

22 December 2022

Contract type

Service contract

Procedure type

Competitive quotation (below threshold)

The buyer selects a group of potential suppliers to invite to tender.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

1. A detailed review of existing loan contract documentation and contractual terms
2. In-depth discussion and negotiation with existing lenders on prepayment terms
3. Detailed scenario and sensitivity analysis Including
1. Sensitivity to interest rate movements
2. Scenarios based on projected cash flow / ability to repay / refinance
4. Production of a detailed report covering the above, with updated analysis provided subsequently
5. Negotiation to increase the margin applied to the discount rate.
6. Agreement of the methodology used to calculate the premature redemption sum
7. Working with lenders to produce a suitable prepayment process, including supporting documentation, due diligence, termination documentation and settlement procedures
8. Conducting "dry run" prepayment calls to verify the suitability and practicality of the process, helping to minimise execution costs
9. Participation on execution calls to validate the settlement sums agreed are in line with the pre-agreed terms, providing an audit trail

Award information

Awarded date

9 August 2022

Contract start date

9 August 2022

Contract end date

22 December 2022

Total value of contract

£153,445

This contract was awarded to 1 supplier.

Arlingclose Ltd

Address

Minster House, 42 Mincing Lane, London EC3R 7AE

Reference

Companies House number: 02853836

Value of contract

£153,445

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Muhsin Yakut

Address

County Hall
MAIDSTONE
ME141XX
England

Email

muhsin.yakut@kent.gov.uk