Following a strategic review of PFA by its Shareholders in 2019 a decision was taken to sell the business or its assets. Knowing that the services it has delivered for many years to the PFA wider membership have added great value, the PFA Board wanted to provide an easily accessible and immediate alternative for both the members and suppliers to PFA.
PFA entered into exclusive discussions in October 2019 with Central Housing Investment Consortium (CHIC) another not-for-profit consortium led by a board of member representatives, working nationally and with values closely aligned to PFA’s.
The PFA and CHIC Boards are pleased to announce that the discussions have led to an agreed transfer of the PFA Dynamic Procurement System (DPS) to CHIC under an Asset Purchase Agreement which completed on 30th November 2020. This will enable a full range of DPS services to continue to be offered to a much wider range of member organisations.
CHIC’s 100+ members are primarily from the affordable housing sector but, like PFA,
CHIC also provides procurement and commercial support services to a range of other organisations which need to comply with Public Procurement Regulations. This transfer
creates a new and exciting opportunity for the contractors and suppliers on the DPS and an efficient procurement solution for an increased range of organisations.
CHIC already has a wide range of other contract and framework solutions, including merchants, compliance, planned works, planned materials, new build off-site manufacture and legal services.
We will ensure that all PFA members can continue to benefit from a range of proven and cost-effective procurement solutions. CHIC is a free to join, not-for-profit consortium, with a flexible approach to fees, so there is no upfront expenditure for members.
Maggie Punyer, CHIC’s Chair said:
“CHIC has been seeing a significant increase in demand for an effective, compliant DPS service as an alternative route to market for some time. The transfer of the PFA DPS to CHIC offers housing providers, contractors and suppliers an established, proven and efficient procurement solution. The DPS is a welcome addition to CHIC’s highly regarded product stable.”
For further information about CHIC and how it can replace any works or services that may have previously been fulfilled by PFA please contact:
0121 515 3831