Award

Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

YORKSHIRE PURCHASING ORGANISATION

This public procurement record has 1 release in its history.

Award

19 Apr 2023 at 09:47

Summary of the contracting process

The Yorkshire Purchasing Organisation has awarded a contract for Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames to Protector Insurance. The procurement process initiated as a tender and concluded with an award. The contract, valued at £2,246,035 GBP, covers the insurance policy for private dwellings sold on a leasehold basis, including flats and houses. The contract period runs from April 1, 2023, to March 31, 2028, and the tender deadline was December 23, 2022. This opportunity falls under the financial and insurance services category.

This tender presents a lucrative opportunity for insurance and financial services providers looking to expand their client base. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs) may find this procurement particularly suited to their capabilities. The procurement method involved in this tender was selective, with a call-off from a dynamic purchasing system. Businesses with expertise in insurance services and a track record of delivering such contracts within the UK are well-positioned to compete for this opportunity and contribute to the local community's insurance needs.

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Notice Title

Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority is tendering their Right to Buy (RTB) Leasehold Buildings Insurance in line with public procurement legislation in time for renewal on 1 April 2023. The insurance policy seeks to cover private dwellings sold on a leasehold basis, the majority of which were sold under the RTB legislation. The dwellings are flats in blocks, flats in houses (maisonettes) and houses where the Contracting Authority still retains the freehold ownership (including those referred to as mortgaged properties). In these situations the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the cost to do so. Where units in some blocks have not been sold (Council tenanted) they are separately covered and so insurance cover for these units is not required

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-616ecd62-49ae-4222-bc3b-c434b7ea438e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b31e623-6dcc-4deb-b867-acbb7c99a848
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
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
£2,246,035 £1M-£10M
Lots Value
Not specified
Awards Value
£2,246,035 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Apr 20232 years ago
Submission Deadline
23 Dec 2022Expired
Future Notice Date
Not specified
Award Date
16 Mar 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2028 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
YORKSHIRE PURCHASING ORGANISATION
Contact Name
Neil Walker
Contact Email
neil.walker@sutton.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
Not specified

Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

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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