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TDC SJ Insurance - Leasehold Properties 2022 - AWARD

District Council of Tandridge

This public procurement record has 1 release in its history.

Award

04 Jan 2022 at 10:47

Award Notice
Summary of the contracting process

Tandridge District Council is seeking bids for the provision of property insurance for leasehold properties in Surrey, with the tender titled "TDC SJ Insurance - Leasehold Properties 2022 - AWARD". This procurement process is currently in the Award stage and was initiated through an open procedure. The contract is set to cover insurance from 1st January 2022 to 31st December 2026, with a contract value of £345,837. The tender period ended on 12th October 2021, and the property insurance primarily pertains to flats that are sold under the Right to Buy legislation.

This tender provides a significant opportunity for businesses in the insurance services industry to expand their client base by competing for a contract managed by a local authority. Companies specializing in property insurance, particularly those experienced in covering leasehold properties, would be well-suited to participate. With the contract spanning several years, successful firms can expect a steady income stream and potential opportunities for additional services or expansions in the local government sector.

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Notice Information

Notice Title

TDC SJ Insurance - Leasehold Properties 2022 - AWARD

Notice Description

Tandridge District 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. Cover is expected to commence on the 1st January 2022

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17b3b79d-1a8a-4638-b1d0-32300f9b2f08
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5e682e9-5037-41b6-b2fc-6a2473df61c2
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
Not specified
Lots Value
Not specified
Awards Value
£345,837 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20224 years ago
Submission Deadline
12 Oct 2021Expired
Future Notice Date
Not specified
Award Date
4 Jan 20224 years ago
Contract Period
1 Jan 2022 - 31 Dec 2026 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
District Council of Tandridge
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
RH8 0BT
Postcode Area
Redhill
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ26 East Surrey
Delivery Location
TLJ South East (England)
Local Authority
Tandridge
Electoral Ward
Limpsfield
Westminster Constituency
East Surrey

Supplier Information

Number of Suppliers
1
Supplier Name

Avid Insurance Service

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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