Award

Leasehold Insurance Tender excluding broker services

SOUTH TYNESIDE COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

09 Mar 2017 at 09:24

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

South Tyneside Council is currently undertaking a tender for the "Leasehold Insurance Tender excluding broker services," aimed at providing property insurance for leasehold dwellings, primarily those sold under the Right To Buy legislation. The tender, classified under Financial and Insurance Services, is based in Jarrow, North East England, and has a contract value of £258,000. The tender was published on 20th October 2016, with a tender submission deadline of 21st November 2016. The contract period is scheduled to begin on 1st April 2017 and will conclude on 31st March 2020.

This contract presents significant opportunities for businesses specialising in property insurance, particularly those that can provide tailored services for leaseholders in the region. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the procurement method employed is an open procedure, fostering a competitive environment. Companies with experience in managing insurance for residential buildings, especially in the context of leasehold arrangements, will be particularly well-suited to compete for this contract.

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Notice Information

Notice Title

Leasehold Insurance Tender excluding broker services

Notice Description

South Tyneside 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-56787b3a-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e35142b4-2449-44bc-b6d4-63c370a3f2d6
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
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£258,000 £100K-£500K
Lots Value
Not specified
Awards Value
£155,550 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20178 years ago
Submission Deadline
21 Nov 2016Expired
Future Notice Date
Not specified
Award Date
7 Mar 20178 years ago
Contract Period
31 Mar 2017 - 1 Apr 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
SOUTH TYNESIDE 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
JARROW
Postcode
NE32 3DP
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
South Tyneside
Electoral Ward
Primrose
Westminster Constituency
Jarrow and Gateshead East

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

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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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