Award

Property Insurance Quotations in respect of Leasehold Properties

CAPITALESOURCING

This public procurement record has 2 releases in its history.

Award

14 Jun 2019 at 08:14

Award Notice
Tender

09 Oct 2018 at 14:20

Tender Notice
Summary of the contracting process

The procurement process involves a tender for "Property Insurance Quotations in respect of Leasehold Properties" led by capitalEsourcing, representing the Royal Borough of Kensington and Chelsea, the London Borough of Hammersmith & Fulham, and Westminster City Council. This procurement relates to the insurance sector, with a focus on damage or loss insurance services. The tender was published on 9th October 2018, and the tender submission period concluded on 19th November 2018. The awarded contract, amounting to £32,648,193, is set to run from 1st April 2019 to 31st March 2024, indicating a significant opportunity within the London area.

This tender represents a substantial opportunity for businesses in the insurance sector, particularly those specialising in property insurance services. Companies equipped to provide comprehensive leaseholder insurance solutions are encouraged to consider engaging in similar future tenders. Given the scale of the contract and the ongoing relations with local councils, small-to-medium enterprises (SMEs) and larger firms with a strong track record in the insurance market would be particularly well-suited to compete for such opportunities, potentially facilitating business growth in a dynamic local government environment.

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Notice Information

Notice Title

Property Insurance Quotations in respect of Leasehold Properties

Notice Description

Leasehold Insurance Provision Excluding Broker Services for The Royal Borough of Kensington and Chelsea, the London Borough of Hammersmith & Fulham, and Westminster City Council. Additional information: This procurement was executed through the Council's electronic procurement portal, capitalEsourcing on behalf of the London Borough of Hammersmith & Fulham, Westminster City Council, and The Royal Borough of Kensington and Chelsea.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-41c6ef83-b419-40ce-bcaf-f84f12ce0e31
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ea91318-528b-452a-a6ab-ab04b79f518f
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

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
£32,648,193 £10M-£100M
Lots Value
Not specified
Awards Value
£32,648,193 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20196 years ago
Submission Deadline
19 Nov 2018Expired
Future Notice Date
Not specified
Award Date
8 Mar 20196 years ago
Contract Period
31 Mar 2019 - 31 Mar 2024 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
TOWN HALL, HORNTON STREET, LONDON
Postcode
W8 7NX
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

Supplier Information

Number of Suppliers
2
Supplier Names

AVID INSURANCE SERVICES

PROTECTOR FORSIKRING

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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