The Riverside Group Limited has established a four year non-binding Framework Agreement for Real Estate Consultants to assist with the partial rationalisation of its social housing stock, at the locations described at II.2 above.

The Riverside Group Limited has split the available work into two lots for different services.

The selected Consultants under Lot 1 will be required to provide Valuation Services (Open Market Valuations, Existing Use Valuations.Social Housing and, where appropriate, Net Present Valuations) - for two principal purposes - namely - first time valuation and revaluation for lenders and investors on secured stock, as well as for stock rationalisation purposes. The selected Consultants under Lot 2 will be required to provide strategic advice and tactical support, marketing, negotiation and other services associated with the disposal of the aforementioned properties.

The selected Consultants will be required to provide valuation advice, market the property, deal with public enquiries, and provide Energy Performance Certificates where required.

Further information on the lots and proposed call-off procedures was provided in the Tender Supporting Documentation.

The Riverside Group Limited owns or manages approximately 46 000 properties across England. After a review of its property profile, The Riverside Group Limited has identified as part of its strategy properties which are to be disposed of via transfers to other Registered Providers or open market sales.

Note: The award of the Framework Agreement does not constitute any guarantee of work. Real Estate Consultants will be called off the Framework - by means of direct call off or by means of mini-competition - in order to satisfy project requirements.

The Framework Agreement will be managed by The Riverside Group Limited. All current and future members, subsidiaries, and joint venture arrangements of The Riverside Group Limited, partners of The Riverside Group Limited and other organisations with similar interests to The Riverside Group Limited will be entitled to call-off individual contracts pursuant to the framework. These contracts will be held, managed and supervised by the individual organisation making the call-off. Further details are provided at Section VI.2.

The key objectives of the framework are:

— to provide access to a pre-tendered, OJEU compliant, framework for The Riverside Group Limited and other organisations as detailed above who may wish to use the Framework,

— to deliver cashable and non-cashable efficiencies to meet government and The Riverside Group Limited or other organisations Value for Money, and efficiency targets,

— to develop a performance driven culture where the companies providing the most effective and efficient delivery of our objectives are recognised and rewarded.

Valueworks were engaged to assist The Riverside Group Limited in carrying out this procurement.