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RUGCON - Residential Property Insurance

Rugby Borough Council

This public procurement record has 1 release in its history.

Award

17 May 2022 at 09:17

Award Notice
Summary of the contracting process

Rugby Borough Council has successfully completed a procurement process for the tender titled "RUGCON - Residential Property Insurance," which pertains to insurance services for leasehold, mortgaged, and shared ownership properties. The procurement process utilised a quotes via broker method and was finalised with the award made on 24th March 2022, following a deadline for submissions on 2nd March 2022. The contract, valued at £49,750.35, will span from 1st April 2022 to 31st March 2027, with service delivery concentrated in the West Midlands, United Kingdom.

This tender offers significant opportunities for small and medium-sized enterprises (SMEs) in the insurance sector to enhance their growth by participating in the provision of residential property insurance. With the contract requiring expertise in managing insurance policies, businesses specialising in insurance services, particularly those that understand leasehold and shared ownership frameworks, would be well-positioned to compete for similar contracts in the future.

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Notice Information

Notice Title

RUGCON - Residential Property Insurance

Notice Description

Insurance policy for leasehold, mortgaged and shared ownership properties

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b2082639-e8ff-47a7-8018-6270e370c3d0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6a79c47b-c2d4-48da-8e85-ebc74b30c308
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Quotes via Broker
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£49,750 Under £100K
Lots Value
Not specified
Awards Value
£49,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20224 years ago
Submission Deadline
2 Mar 2022Expired
Future Notice Date
Not specified
Award Date
24 Mar 20224 years ago
Contract Period
1 Apr 2022 - 31 Mar 2027 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
Rugby 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
RUGBY
Postcode
CV21 2RR
Postcode Area
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
TLG West Midlands (England)
Local Authority
Rugby
Electoral Ward
Benn
Westminster Constituency
Rugby

Supplier Information

Number of Suppliers
1
Supplier Name

Avid Insurance Services Ltd

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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