Award

Leasehold and Ancillary Properties Building Insurance

LONDON BOROUGH OF SOUTHWARK

This public procurement record has 1 release in its history.

Award

05 Apr 2018 at 14:33

Award Notice
Summary of the contracting process

The London Borough of Southwark has completed a public procurement process for a contract titled "Leasehold and Ancillary Properties Building Insurance." This procurement falls under the property insurance services industry category and was valued at £18,000,000. The tender was awarded to Zurich Municipal, with the contract spanning from April 1, 2018, to March 31, 2023. The procurement utilised an open procedure with the formal tender period concluding on September 25, 2017.

This tender presents a significant opportunity for businesses specialising in property insurance services, particularly those with expertise in insuring residential properties and leasehold agreements. Companies that focus on comprehensive insurance solutions, especially those catering to local councils or housing authorities, would be well-suited to engage in future contracts of this nature. The involvement of a major buyer like the London Borough of Southwark may also encourage partnerships and collaborations within the private sector, fostering potential growth avenues for SMEs within this niche market.

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Notice Information

Notice Title

Leasehold and Ancillary Properties Building Insurance

Notice Description

The leaseholders and ancillary properties buildings insurance contract relates to flats and maisonettes sold by the council under long lease terms. There are three separate policies within the contract covering: * The main policy where flats have been sold (under the Right to Buy scheme or through other disposals e.g. auction sales, social home buy) * A policy to insure under-leased blocks on a comprehensive basis (there are currently three) * A much smaller policy relating to mortgaged housing properties - currently 1 property - where the council is still providing a mortgage

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-81b7a7ef-f175-4037-8a42-8e9a4f99cfb1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/05b3fc97-0d09-467a-bf59-0b67146da60f
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£18,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£21,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Apr 20187 years ago
Submission Deadline
25 Sep 2017Expired
Future Notice Date
Not specified
Award Date
16 Mar 20187 years ago
Contract Period
31 Mar 2018 - 31 Mar 2023 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
LONDON BOROUGH OF SOUTHWARK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 2QH
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICIPAL

Further Information

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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