Award

SPS 2521 - Leasehold (RTB) Properties Insurance

ROYAL BOROUGH OF GREENWICH

This public procurement record has 1 release in its history.

Award

23 May 2022 at 10:42

Award Notice
Summary of the contracting process

The Royal Borough of Greenwich is conducting a procurement process for property insurance services under the title "SPS 2521 - Leasehold (RTB) Properties Insurance". This open procedure contract, worth approximately £4.72 million, is set to commence on 1st April 2022 and may last for a total of five years, including extension options. The tender period concluded on 26th October 2021, with the procurement currently at the award stage, following the successful selection of Avid Insurance Services as the supplier.

This tender presents significant opportunities for businesses specialising in insurance services, especially those focusing on property insurance for leasehold and Right to Buy properties. Small and medium-sized enterprises (SMEs) are particularly encouraged to participate, given the buyer's aim to engage diverse suppliers. Companies offering innovative insurance solutions tailored to public sector needs may find this contract to be an optimal platform for growth and collaboration with a local government authority.

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Notice Information

Notice Title

SPS 2521 - Leasehold (RTB) Properties Insurance

Notice Description

Royal borough of Greenwich is seeking tender submissions for Property Insurance in respect of leasehold/RTB properties, excluding broker services. Detailed description of the service is provided in the tender documents. The contract will commence 1st April 2022 under a 3-year Long Term Agreement with the option to extend for a further 1 year plus 1 year making it a potential contract period of 5 years at the authority's sole discretion. To access the documents please follow the link below: https://procontract.due-north.com/Opportunities/Index?resetFilter=True&applyFilter=True&p=2241eb95-058a-e511-80f7-000c29c9ba21&v=1

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cb16a1b0-b4aa-4a82-addc-ad0176f178a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e446c9ae-e983-4120-bbdd-9459875a2e05
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
SME
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
£4,718,182 £1M-£10M
Lots Value
Not specified
Awards Value
£4,718,182 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 May 20223 years ago
Submission Deadline
26 Oct 2021Expired
Future Notice Date
Not specified
Award Date
2 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 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
ROYAL BOROUGH OF GREENWICH
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
SE18 6HQ
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Greenwich
Electoral Ward
Woolwich Arsenal
Westminster Constituency
Greenwich and Woolwich

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICES

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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