Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
ORBIT GROUP LIMITED
IP28503R
Garden Court, Harry Weston Road, Binley Business Park, Binley
Coventry
CV32SU
UK
Contact person: Barbara Hunter
E-mail: group.tenders@orbit.org.uk
NUTS: UKG33
Internet address(es)
Main address: https://www.orbit.org.uk/
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
Housing and community amenities
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Bond Treasury Advisor
Reference number: BTH0014
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
We are seeking specialist Treasury Advisory support to provide independent advice and project support for a potential bond issuance under our EMTN Programme. This includes strategic advice on timing, structure and size of the bond, support with appointing and managing bookrunners, investor presentation and marketing support, pricing and execution benchmarking, hedging advice, and overall coordination of the issuance process through to completion.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
70 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66000000
79311410
79400000
II.2.3) Place of performance
NUTS code:
UKC
UKD
UKE
UKF
UKG
UKH
UKI
UKJ
UKK
II.2.4) Description of the procurement
This contract is a direct award to Savills through the National Framework Partnership - Treasury Services framework
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
Why direct award:
We are directly awarding this work to Savills, our existing Treasury Advisors, for the following reasons:
• Savills already have a deep understanding of Orbit's treasury strategy, financial position, risk appetite and governance, having supported as Treasury Advisors under the retainer.
• Continuity of advisor is critical for a time sensitive and market dependent transaction, reducing delivery risk and avoiding duplication of work and cost.
• The proposed fee represents value for money, with Savills offering a reduced rate compared to market norms for a bond issuance, recognising that this is under an already established EMTN programme, reducing from 10bps to 3bps.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
Title: Bond Treasury Advisor
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
29/04/2026
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Savills (UK) Limited
02605138
33 Margaret St
London
W1G 0JD
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 70 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal institution of chartered surveyors
London
UK
VI.5) Date of dispatch of this notice
11/05/2026