Tender

GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender

GUILDFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

04 Dec 2024 at 12:51

Tender Notice
Summary of the contracting process

Guildford Borough Council has initiated an open tender process for property insurance services related to leasehold or Right to Buy dwellings. The procurement, identified by reference number 038173, is categorised under financial and insurance services (CPV code 66000000) and is specifically for flats in blocks and maisonettes where the council retains freehold ownership. Interested bidders must submit their proposals by 12:00 PM on 8 January 2025, with the contract set to commence on 31 March 2025 for an initial three-year period, extendable by an additional two years. The total contract value is estimated at £500,000. The procurement stage is currently active and utilises an open procedure above the threshold.

This tender offers significant opportunities for companies specialising in property insurance, particularly those with experience in managing insurance for various forms of leasehold properties. It is an excellent chance for businesses to expand their portfolio and build a relationship with a public sector entity like Guildford Borough Council. Large insurance firms are most suitable for this tender due to the scale and scope of the services required. Engaging in this contract not only provides stable revenue over multiple years but also enhances the reputation and visibility of the awarded business in the public sector market.

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Notice Information

Notice Title

GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender

Notice Description

The current Long-Term Agreement expires on 31st March 2025. The Contracting Authority (Guildford 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. Please go to https://www.sesharedservices.org.uk/esourcing and search for tender name (GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender) or reference number (038173).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 flat. The project will be awarded for initial period of 3 years with optional 2-year extension (. Additional information: Value over duration of contract including extension. 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 ( GBC - 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Insurance Services Tender ) or reference number (038173) Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6c733a09-3ecc-43e1-9604-8ab466439478
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/37f221a9-1434-4aea-ba8a-77e7652116b1
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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
8 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 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
GUILDFORD BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SURREY
Postcode
GU2 4BB
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
Guildford
Electoral Ward
St Nicolas
Westminster Constituency
Guildford

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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