Tender

WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services)

SE SHARED SERVICES

This public procurement record has 1 release in its history.

Tender

11 Nov 2019 at 15:58

Tender Notice
Summary of the contracting process

Waverley Borough Council, through SE Shared Services, is inviting bids for the provision of property insurance for leasehold flats and shared ownership properties. This procurement falls under the property insurance services category and is currently in the tender stage. The deadline for submissions is set for 13th December 2019, and the contract period will commence on 1st April 2020, lasting until 31st March 2023. The procurement method is open, permitting competitive bids for a contract valued between £200,000 and £250,000, which will cover insurance arrangements primarily for properties sold under the Right To Buy legislation in Godalming, Surrey.

This tender presents significant opportunities for businesses specialising in property insurance, particularly those that can provide tailored solutions for leasehold and shared ownership properties. Insurance providers with experience in managing similar contracts or those able to offer competitive premiums and efficient service delivery could thrive in this competitive bidding process. Companies looking to expand their portfolio within the public sector should consider this opportunity, especially if they have the capability to engage electronically via the SE Shared Services Procurement eSourcing portal.

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Notice Information

Notice Title

WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services)

Notice Description

The current Long Term Agreement expires on 31st March 2020. Waverley Borough Council invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. The dwellings are flats in blocks and flats in houses (maisonettes) where the Council still retain the freehold ownership and the leases state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. In addition there are a small number of houses under Shared Ownership where Waverley Borough Council is responsible for the insurance arrangements although the premiums are re-charged to the residents. Separate policies are required for the Leasehold properties and Shared Ownership portfolios. Cover is expected to commence at 00.01am on the 1st April 2020 Additional information: This tender is to be completed electronically using the SE Shared Services Procurement eSourcing portal. https://www.sesharedservices.org.uk/esourcing/opportunities The SE Shared Services eSourcing portal provides a web-based tool that provides a simple, secure and efficient means for managing tendering and quotation activities reducing the time and effort required for both buyers and Potential Bidders. The portal allows for tender clarifications and submitting your bid electronically. In order to bid for this opportunity you will need to register your company on the SE Shared Services portal. Is a Recurrent Procurement Type? : Yes

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-01e05353-90c6-4b63-9fbc-646689ed2283
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9a8e115-d524-4b35-a434-dfd884aa1c7c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515000 - Damage or loss insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Nov 20196 years ago
Submission Deadline
13 Dec 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 31 Mar 2023 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SE SHARED SERVICES
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SURREY
Postcode
GU7 1HR
Post Town
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Waverley
Electoral Ward
Godalming Central & Ockford
Westminster Constituency
Godalming and Ash

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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