Award

Buildings Insurance for Residential Leaseholders

HARROW COUNCIL

This public procurement record has 2 releases in its history.

Award

13 Mar 2020 at 16:24

Award Notice
Tender

09 Oct 2019 at 15:36

Tender Notice
Summary of the contracting process

Harrow Council is seeking tenders for the provision of Buildings Insurance for Residential Leaseholders, with the current contract set to expire on 31st March 2020. The tender, classified under property insurance services, has a total value of £1,000,000 and will cover approximately 1,183 leasehold properties sold under Right to Buy legislation. The contract period will commence from 1st April 2020 and run until 31st March 2023. Interested parties were required to submit their proposals by 8th November 2019, following an open procurement method.

This tender presents an excellent opportunity for insurance and risk management companies, particularly those specialising in property insurance for residential developments. Businesses equipped to handle comprehensive insurance coverage for residential leasehold properties would be well-positioned to compete. Given the estimated increase in properties to be insured, there is potential for growth in coverage and revenue in the upcoming years.

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Notice Information

Notice Title

Buildings Insurance for Residential Leaseholders

Notice Description

Harrow Council invites tenders for the provision of buildings insurance for residential leasehold properties sold under Right to Buy legislation. The current contract expires on 31st March 2020 and the Authority is therefore seeking tenders for the provision of buildings insurance for residential leasehold properties sold under Right to Buy legislation. The Council currently effects cover for 1,183 Right to Buy leasehold properties, however it is anticipated that this figure could increase by up to 2% by the commencement date of the contract. The number of properties to be insured may also decrease because leaseholders have the right to enfranchisement when the ratio of leaseholders to Council tenants reaches two thirds and at least 50% of the leaseholders wish to exercise this right. Properties are to be insured on a blanket basis, without selection, irrespective of location or previous claims history and inclusion under the policy will be automatic on completion of sale. To view the tender documents and apply, please visit www.londontenders.org

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cd568b22-0630-4967-a6a1-b4c9df04533c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/303c9cf9-88e9-45ab-a6e8-2d0500b8610d
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
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
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,084,820 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Mar 20205 years ago
Submission Deadline
8 Nov 2019Expired
Future Notice Date
Not specified
Award Date
28 Feb 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2023 2-3 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
HARROW 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
HARROW
Postcode
HA1 2XY
Post Town
Harrow
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI74 Harrow and Hillingdon
Delivery Location
TLI London
Local Authority
Harrow
Electoral Ward
Marlborough
Westminster Constituency
Harrow West

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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