Tenancy Deposit Protection Schemes

The primary objective of the potential procurement will be to ensure the continued service provision of a Tenancy Deposit Protection (TDP) scheme or schemes that meet legislative requirements. The Government's policy objectives for the TDP system are that: - Deposits are fully protected so tenants are assured that their money is safe, and landlords are confident that they are abiding by the law. - Decisions on return of deposits are as quick as possible without compromising on the quality of adjudication and users' trust in the process. - Tenants who fund the TDP system benefit from its profits. - Implementing a streamlined TDP system that is easy to use for all, meaning the sector is encouraged to use the system, and users are aware of and confident in their rights and obligations. - The system maximises VfM for taxpayers and minimises the risk of Government underwriting financial losses of suppliers. Further details on the proposed requirements and scope will be included in the Pre-Market Engagement document available via email request (commercialtenders@communities.gov.uk).