Award

Contract for Leaseholders Property Insurance

GATESHEAD COUNCIL

This public procurement record has 4 releases in its history.

Award

18 Apr 2023 at 15:17

Award Notice
TenderAmendment

22 Dec 2022 at 09:49

Tender Notice
TenderAmendment

24 Nov 2022 at 13:58

Tender Notice
Tender

17 Nov 2022 at 17:26

Tender Notice
Summary of the contracting process

The Gateshead Council has awarded a contract for the provision of property insurance for private dwellings sold on a leasehold basis, mainly under the Right To Buy legislation. The contract, valued at £1,411,004.59 GBP, commenced on 1st April 2023 and will run until 31st March 2026. The buying organization, Gateshead Council, located in Gateshead, North East England, used an open procurement method for this service contract in the insurance services category. The tender stage concluded on 20th January 2023.

This procurement process for property insurance by Gateshead Council offers business growth opportunities for qualified Insurance Companies aiming to provide quality Leaseholders Property Insurance. Businesses in the insurance services sector, especially those experienced in property insurance and capable of managing long-term contracts, would be well-suited to compete in this tender. The contract value has totalled £1,411,004.59 GBP over its 3-year duration, with an initial amount of £630,000 GBP for the first year. The Council has highlighted its preference for small and medium-sized enterprises (SMEs) as suitable bidders.

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Notice Information

Notice Title

Contract for Leaseholders Property Insurance

Notice Description

Gateshead Council has awarded a contract 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. Cover commenced at 00.01am on the 1st April 2023.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7e9273a9-5a28-4da7-a330-86bc68f991a2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/337f2c69-b287-4eba-a362-a72895c3569c
Current Stage
Award
All Stages
Tender, 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

66510000 - Insurance services

Notice Value(s)

Tender Value
£630,000 £500K-£1M
Lots Value
Not specified
Awards Value
£1,411,004 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Apr 20232 years ago
Submission Deadline
20 Jan 2023Expired
Future Notice Date
Not specified
Award Date
29 Mar 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2026 3-4 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
GATESHEAD 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
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

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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