Award

Insurance Tender - Residential Leasehold Buildings Lot 2 Awards 2024-2029

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

18 Apr 2024 at 12:11

Award Notice
Summary of the contracting process

The Royal Borough of Kensington & Chelsea has awarded an insurance tender for Residential Leasehold Buildings to Protector Insurance. The contract will run from 2024 to 2029, with premiums subject to annual index linking to reflect inflation. The procurement method used was the Open procedure, and the tender was open for 30 days, closing on 19th February 2024.

This tender presents business growth opportunities for insurance firms specialising in residential properties. Companies with expertise in insurance services for leasehold buildings would be well-suited to compete. The procurement stage is now at the award phase, with a contract value of £14,832,860 in GBP. The location of the procurement is in the Royal Borough of Kensington & Chelsea, London, United Kingdom, within the services industry category for insurance services.

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Notice Information

Notice Title

Insurance Tender - Residential Leasehold Buildings Lot 2 Awards 2024-2029

Notice Description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Residential Leasehold Buildings Lot 2 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Residential Leasehold Buildings insurance. The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-64394217-be54-4461-bfa1-33fdf2ec9984
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/609034e6-7991-470d-8762-f34722e8b5be
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
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
£14,832,860 £10M-£100M
Lots Value
Not specified
Awards Value
£14,832,860 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Apr 20241 years ago
Submission Deadline
19 Feb 2024Expired
Future Notice Date
Not specified
Award Date
4 Mar 20241 years ago
Contract Period
31 Mar 2024 - 2 Apr 2029 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HORNTON STREET LONDON
Postcode
W8 7NX
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR FORSIKRING

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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