Award

Contract for Property Insurance in Respect of Leasehold Flats (Excluding Broker Services) for the London Borough of Redbridge

LONDON BOROUGH OF REDBRIDGE

This public procurement record has 1 release in its history.

Award

16 Aug 2017 at 12:14

Award Notice
Summary of the contracting process

The London Borough of Redbridge has awarded a contract titled "Contract for Property Insurance in Respect of Leasehold Flats (Excluding Broker Services)", which is classified under insurance services. This contract is part of an open procurement procedure and was awarded on 20th July 2017. The contract period commenced on 1st August 2017 and will extend until 31st July 2020, with the possibility of an additional two-year extension. The total value of the contract is £496,990, and the service is to be delivered in London, United Kingdom, with the tender period ending on 14th April 2017.

This procurement presents an opportunity for businesses in the insurance sector, particularly those specialising in property insurance, to engage with local government contracts. Given that this opportunity has already progressed to the award stage, it may be beneficial for related service providers to explore future contracts or opportunities with the London Borough of Redbridge, as they may require additional insurance services during or after the current contract period. Companies with experience in providing tailored insurance solutions for leasehold properties would particularly be well-suited to benefit from upcoming tenders in similar areas.

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Notice Information

Notice Title

Contract for Property Insurance in Respect of Leasehold Flats (Excluding Broker Services) for the London Borough of Redbridge

Notice Description

Contract for Property Insurance In Respect of Leasehold Flats (Excluding Broker Services) for the London Borough of Redbridge ("the Contract"). The Contract will commence on 1st August 2017 and shall continue up to and including 31st July 2020 (the "Contract Period"). At the sole discretion of the Council the Contract Period may be extended in such period or periods as the Council deems appropriate up to a maximum of two (2) years, providing a possible total Contract Period to midnight on 31st July 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1fbfe808-55fb-4d94-8d55-b45e4d048a5a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f9ee8a00-9065-41c0-9501-9befdfc53919
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
£496,990 £100K-£500K
Lots Value
Not specified
Awards Value
£496,990 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Aug 20178 years ago
Submission Deadline
14 Apr 2017Expired
Future Notice Date
Not specified
Award Date
19 Jul 20178 years ago
Contract Period
31 Jul 2017 - 31 Jul 2020 3-4 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 REDBRIDGE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ILFORD
Postcode
IG1 1NN
Post Town
Ilford
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI53 Redbridge and Waltham Forest
Delivery Location
TLI London
Local Authority
Redbridge
Electoral Ward
Ilford Town
Westminster Constituency
Ilford South

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN INSURANCE

Further Information

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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