Award

London Borough Barnet - Leasehold Right to Buy Property Insurance

LONDON BOROUGH OF BARNET COUNCIL

This public procurement record has 1 release in its history.

Award

22 Oct 2018 at 16:45

Award Notice
Summary of the contracting process

The London Borough of Barnet Council is conducting a public procurement process for 'Leasehold Right to Buy Property Insurance' with a contract value of £4,100,000. This tender is categorized under insurance services and is part of an open procedure initiated on 1st October 2018, with the contract period running until 30th September 2023. The tender was completed on 22nd October 2018, with the awarded supplier being Zurich Insurance plc. Interested parties should note that the latest relevant procurement activities were announced under this process.

This contract presents significant opportunities for businesses in the insurance sector, particularly those specialising in property insurance, business interruption, and liability insurance. Companies with the capacity to provide comprehensive insurance solutions for local authorities could benefit greatly. As the London Borough of Barnet looks for reliable partners to ensure proper risk management for leasehold properties, businesses that demonstrate expertise in these areas are encouraged to consider participation in future tenders.

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Notice Information

Notice Title

London Borough Barnet - Leasehold Right to Buy Property Insurance

Notice Description

The London Borough of Barnet is seeking tender submissions for annual insurance cover commencing from the 1.10.2018 under a Longterm agreement (LTA) for a minimum period of 3 years with the option to extend for a further 2 years at the Authority's sole discretion.Property insurance in respect of leasehold right to buy comprising material damage (perils as specified within the invitation to tender),business interruption to include loss of rental Income and / or alternative accommodation costs and property owners liability insurance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-14598add-6329-4d9d-bad1-6569bd89053b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e20c294e-8776-4110-a6be-e4d1d0417373
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£4,100,000 £1M-£10M
Lots Value
Not specified
Awards Value
£4,100,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Oct 20187 years ago
Submission Deadline
1 Jan 2018Expired
Future Notice Date
Not specified
Award Date
30 Sep 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2023 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BARNET COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
N11 1NP
Post Town
North London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI71 Barnet
Delivery Location
TLI London
Local Authority
Barnet
Electoral Ward
Brunswick Park
Westminster Constituency
Chipping Barnet

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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