Award

Leasehold Right to Buy Insurance - AWARD

SANDWELL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 5 releases in its history.

AwardUpdate

07 Jan 2021 at 16:36

AwardUpdate

07 Jan 2021 at 16:36

AwardUpdate

07 Jan 2021 at 16:11

AwardUpdate

16 Dec 2020 at 15:29

Award

16 Dec 2020 at 15:29

Summary of the contracting process

Sandwell Metropolitan Borough Council is seeking bids for the Leasehold Right to Buy Insurance contract, with a total value of £560,000. This procurement falls under the insurance services category and is located in the West Midlands, UK. The contract period spans from 1st April 2021 to 31st March 2026. The procurement method used is an open procedure, indicating that it was accessible to all qualifying suppliers. The tender period previously concluded on 30th November 2020, with the award notice published on 16th December 2020.

This contract presents a significant opportunity for businesses in the insurance sector to expand their service offerings to public authorities. Companies specialising in property insurance, particularly those knowledgeable about the Right To Buy legislation and leasehold arrangements, would find this tender suitable. It is an ideal opportunity for firms looking to establish or strengthen their partnerships with local government entities, particularly in the context of servicing private dwellings and managing insurance cover for leased properties.

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Notice Title

Leasehold Right to Buy Insurance - AWARD

Notice Description

The current Long-Term Agreement expires on 1st April 2021, Sandwell Metropolitan Borough 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 Housing Act 1985. 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

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
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
£560,000 £500K-£1M
Lots Value
Not specified
Awards Value
£527,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jan 20215 years ago
Submission Deadline
30 Nov 2020Expired
Future Notice Date
Not specified
Award Date
16 Dec 20205 years ago
Contract Period
31 Mar 2021 - 31 Mar 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SANDWELL METROPOLITAN BOROUGH COUNCIL
Contact Name
Michelle Hackwood
Contact Email
michelle_hackwood@sandwell.gov.uk
Contact Phone
0121 569 2873

Buyer Location

Locality
WEST MIDLANDS
Postcode
B69 3DB
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG West Midlands (England)

Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

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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