Award

Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

LONDON BOROUGH OF BARKING AND DAGENHAM

This public procurement record has 1 release in its history.

Award

29 Apr 2024 at 19:01

Summary of the contracting process

The London Borough of Barking and Dagenham has recently awarded a contract for insurance coverage and associated services in respect of Leasehold Right to Buy Residential Buildings Insurance. The procurement was accelerated due to the council's current insurer pulling out of the market, necessitating a swift process to mitigate the risk of being uninsured. The contract period spans from 29th September 2023 to 28th September 2028, with a total value of £12,434,856.50. The procurement was categorised under financial and insurance services, with the buying organisation located in Barking, London, United Kingdom.

This tender, awarded to Protector Insurance, presents an opportunity for businesses in the financial and insurance services sector to provide services related to Leasehold Right to Buy Residential Buildings Insurance. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete for this contract. Interested businesses should be prepared to deliver services in the designated location of London Borough of Barking and Dagenham. The accelerated open procedure aimed to ensure the timely provision of insurance coverage, indicating the urgency of the procurement process to meet the council's obligations.

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Notice Title

Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Notice Description

Award of contract for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a6cc132c-1933-494e-a942-ec3edd745ed8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9a506c71-b762-4e64-bec8-3d01c7dd33ef
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Accelerated Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£12,434,856 £10M-£100M
Lots Value
Not specified
Awards Value
£12,434,856 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 20241 years ago
Submission Deadline
26 Jul 2023Expired
Future Notice Date
Not specified
Award Date
28 Sep 20232 years ago
Contract Period
28 Sep 2023 - 28 Sep 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BARKING AND DAGENHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BARKING
Postcode
IG11 7LU
Post Town
Ilford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI London

Local Authority
Barking and Dagenham
Electoral Ward
Abbey
Westminster Constituency
Barking

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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