Award

Property Insurance Quotations in respect of Leasehold flats and Mortgage Properties

ST ALBANS CITY & DISTRICT

This public procurement record has 1 release in its history.

Award

04 Oct 2024 at 13:37

Summary of the contracting process

The procurement process initiated by ST ALBANS CITY & DISTRICT focuses on securing Property Insurance Quotations for Leasehold flats and Mortgage Properties. The tender falls within the Financial and insurance services category, with activities concentrated in the South East region of the United Kingdom. The process is currently in the Award stage, having concluded on 10th November 2023, with the contract running from 1st March 2024 to 1st March 2027. Key dates include the award issue on 12th February 2024 and publication on 4th October 2024. The open procedure, which was above threshold, aimed to engage businesses that could provide comprehensive property insurance services.

This tender offers significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) capable of delivering high-quality property insurance services. The open procurement method encouraged a wide range of suppliers to compete, ensuring a fair chance for businesses with strong service offerings in the financial and insurance sectors. The successful bidder, Aspen Insurance UK Ltd, exemplifies the kind of business positioned to fulfil such contracts. Companies specialising in financial services and insurance, especially those located or operating within the UK, are well-suited to pursue similar opportunities in future tenders issued by public bodies like ST ALBANS CITY & DISTRICT.

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Notice Title

Property Insurance Quotations in respect of Leasehold flats and Mortgage Properties

Notice Description

Tender for Property Insurance Quotations in respect of Leasehold flats and Mortgage Properties.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d68e064-5c6f-4c5e-94f0-9a207633bb5d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d30427b-e9bd-4a83-8397-9910994b39c6
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 (above threshold)
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
£330,000 £100K-£500K
Lots Value
Not specified
Awards Value
£332,790 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20241 years ago
Submission Deadline
10 Nov 2023Expired
Future Notice Date
Not specified
Award Date
12 Feb 20242 years ago
Contract Period
1 Mar 2024 - 1 Mar 2027 3-4 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
ST ALBANS CITY & DISTRICT
Contact Name
John Patrick
Contact Email
procurement@stalbans.gov.uk
Contact Phone
01727819306

Buyer Location

Locality
ST ALBANS
Postcode
AL1 3JE
Post Town
St Albans
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH27 South West Hertfordshire
Delivery Location
TLJ South East (England)

Local Authority
St Albans
Electoral Ward
St Peters
Westminster Constituency
St Albans

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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