Award

Leasehold Property Insurance

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

16 Mar 2018 at 11:49

Award Notice
Tender

28 Nov 2017 at 11:19

Tender Notice
Summary of the contracting process

The Wolverhampton City Council is seeking services related to "Leasehold Property Insurance" under the financial and insurance services category. The contract, which is worth £800,000, is intended for properties purchased under Right to Buy legislation where the Council remains the Freeholder. The procurement process followed an open procedure, and while the tender period ended on 5th January 2018, the awarded contract is effective from 1st April 2018 until 31st March 2023. The delivery addresses are located in the West Midlands, United Kingdom.

This tender presents a significant opportunity for businesses specialising in insurance services, particularly those equipped to handle the unique requirements of leasehold properties. Companies with expertise in property insurance and risk assessments, as well as those capable of servicing properties with outstanding mortgage liabilities, will find themselves well-positioned to compete. Given the substantial contract value and the long-term nature of the agreement, potential suppliers could see considerable growth through successful engagement in this procurement.

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Notice Information

Notice Title

Leasehold Property Insurance

Notice Description

Insurance Services for properties purchased under Right to Buy Legislation where the Council remains the Freeholder. Property Insured Houses, flats and maisonettes in private ownership where the Council holds an outstanding mortgage liability, with the Council maintaining responsibility for the arrangement of Buildings Insurance. Additional information: Submissions must be made via the e-tendering portal. Please allow sufficient time for uploading your submission. The tender opportunity closes at 12 noon. Any questions need to be asked via the e-tendering portal at www.wolverhamptontenders.com. DO NOT E-MAIL THE CONTACT PERSON DIRECTLY. All submissions should also be made at this site.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5cffc4d6-53f6-4196-b3fb-42d84fcc2cb5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/33293fe4-3f61-4337-ac69-6c556c594f61
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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
£1,090,006 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
16 Mar 20187 years ago
Submission Deadline
5 Jan 2018Expired
Future Notice Date
Not specified
Award Date
14 Mar 20187 years ago
Contract Period
31 Mar 2018 - 31 Mar 2023 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
WOLVERHAMPTON CITY COUNCIL
Contact Name
Jessica Prince
Contact Email
jessica.prince@wolverhampton.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR 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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