Tender

WAV - 038111 - Property Insurance for Leasehold Properties and Shared Owner Properties excluding Broker Services

WAVERLEY BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

29 Oct 2024 at 17:09

Tender Notice
Tender

29 Oct 2024 at 17:09

Tender Notice
Summary of the contracting process

Waverley Borough Council is seeking bids for its property insurance contract for leasehold properties and shared owner properties, excluding broker services. The procurement is in the tender stage and will replace the current contract expiring on 31st March 2025. The bidding process is open until 29th November 2024. This open procedure procurement is valued at £490,000 and will cover insurance for private dwellings sold under the Right to Buy (RTB) legislation. The service start date is 1st April 2025, and the initial contract period is three years, with an optional two-year extension. The location for the project is the South East region, specifically Godalming in Surrey (postal code GU7 1HR). The industry category is financial and insurance services (CPV code 66000000).

This tender represents a significant opportunity for businesses in the financial and insurance services sector, particularly those with experience in providing property insurance for residential properties. It is well-suited for companies that can offer comprehensive insurance services for both leasehold and shared ownership dwellings. The exclusion of broker services implies that businesses can directly engage with the contracting authority, potentially enhancing their market position and establishing a long-term relationship with Waverley Borough Council. Companies that can ensure competitive pricing and robust service delivery will have the potential to secure a critical client, thereby fostering business growth.

How relevant is this notice?

Notice Information

Notice Title

WAV - 038111 - Property Insurance for Leasehold Properties and Shared Owner Properties excluding Broker Services

Notice Description

The current Long-Term Agreement expires on 31st March 2025. The Contracting Authority (Waverley Borough 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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. The project will be awarded for initial period of 3 years with optional 2-year extension. Additional information: To place a submission for this tender please access via the below link, and login with your credentials if already registered on the SE Shared Service portal: https://www.sesharedservices.org.uk/esourcing If you are not registered on the SE Shared Services, and would like to place to submission for this tender, then please register your companies details via the below link. Once registered you will be able to access the tender documentation: https://www.in-tendhost.co.uk/sesharedservices/aspx/Home Please search for project name (WAV - 038111 - Property Insurance for Leasehold Properties and Shared Owner Properties excluding Broker Services) or for project reference number (038111) Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67a8c5e8-6b24-43d8-ae97-3fc9f287c020
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/90a80bdf-5067-4012-a155-f9b986e09751
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£490,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 20241 years ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2025 - 31 Mar 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WAVERLEY BOROUGH COUNCIL
Contact Name
Alena Bilovodska (GBC)
Contact Email
alena.bilovodska@guildford.gov.uk
Contact Phone
07877953422

Buyer Location

Locality
SURREY
Postcode
GU7 1HR
Post Town
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Waverley
Electoral Ward
Godalming Central & Ockford
Westminster Constituency
Godalming and Ash

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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