Award

TDC RL Insurance - Leasehold Properties 2024 - AWARD

TANDRIDGE DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

14 Mar 2024 at 12:01

Award Notice
Summary of the contracting process

The Tandridge District Council has awarded a contract for the provision of property insurance for leasehold properties. The contract covers flats sold under the Right To Buy legislation. The agreement is set to commence on 1st January 2024, with an estimated value of £500,000. The procurement method was an open procedure, and the contract period runs from 2024 to 2027. The buying organisation is Tandridge District Council located in Surrey, United Kingdom.

This tender presents opportunities for insurance service providers to compete for a long-term contract with stable income. Businesses operating in the insurance services sector, particularly those experienced in property insurance for leasehold properties, would be well-suited to participate. The contract offers a significant financial opportunity, requiring expertise in managing property insurance for local government-owned properties in the South East region of the United Kingdom.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

TDC RL Insurance - Leasehold Properties 2024 - 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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, 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. The current Long Term Agreement expires on 31st December 2023. Cover is expected to commence at 00.01am on the 1st January 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/67abd135-2a6c-4156-bd7e-61cb911fad4e
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£439,107 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Mar 20241 years ago
Submission Deadline
8 Sep 2023Expired
Future Notice Date
Not specified
Award Date
7 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 2027 4-5 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
TANDRIDGE DISTRICT 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
SURREY
Postcode
RH8 0BT
Post Town
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

ASPEN INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4-2024-03-14T12:01:30Z",
    "date": "2024-03-14T12:01:30Z",
    "ocid": "ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "IT-234-36677-TDC - 036677 - AWARD",
        "title": "TDC RL Insurance - Leasehold Properties 2024 - AWARD",
        "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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, 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. The current Long Term Agreement expires on 31st December 2023. Cover is expected to commence at 00.01am on the 1st January 2024.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "RH8 0BT"
                    },
                    {
                        "region": "South East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 400000,
            "currency": "GBP"
        },
        "value": {
            "amount": 500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-09-08T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-01-01T00:00:00Z",
            "endDate": "2027-12-31T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-162065",
            "name": "Tandridge District Council",
            "identifier": {
                "legalName": "Tandridge District Council"
            },
            "address": {
                "streetAddress": "8 Station Road East, Oxted",
                "locality": "Surrey",
                "postalCode": "RH8 0BT",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "John Mc Geown (TDC)",
                "email": "jmcgeown@tandridge.gov.uk",
                "telephone": "01883 732807"
            },
            "details": {
                "url": "http://www.tandridge.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-276837",
            "name": "Aspen Insurance UK Limited",
            "identifier": {
                "legalName": "Aspen Insurance UK Limited"
            },
            "address": {
                "streetAddress": "30 Fenchurch Street, London, United Kingdom, EC3M 3BD"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-162065",
        "name": "Tandridge District Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4-1",
            "status": "active",
            "date": "2023-12-07T00:00:00Z",
            "datePublished": "2024-03-14T12:01:30Z",
            "value": {
                "amount": 439107.27,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-276837",
                    "name": "Aspen Insurance UK Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-01-01T00:00:00Z",
                "endDate": "2027-12-31T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/67abd135-2a6c-4156-bd7e-61cb911fad4e",
                    "datePublished": "2024-03-14T12:01:30Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}