Tender

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

LONDON BOROUGH OF HACKNEY

This public procurement record has 2 releases in its history.

Tender

11 Sep 2023 at 12:07

Tender Notice
Tender

11 Sep 2023 at 09:43

Tender Notice
Summary of the contracting process

The London Borough of Hackney is inviting bids for property insurance services for leasehold flats, shared ownership, and mortgaged properties. The contract, valued at £22 million, is set to commence on 1st April 2024, with the tender period ending on 16th October 2023. The procurement method is an open procedure, and the main procurement category is services.

This tender by the London Borough of Hackney presents an opportunity for businesses providing insurance services to participate. Small and medium-sized enterprises (SMEs) are well-suited for this opportunity. The procurement process is currently at the tender stage, offering potential growth opportunities for businesses in the insurance services industry.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

Notice Description

The current policy contract expires on 31 March 2023. The London Borough of Hackney invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. In addition, cover is to include mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements. The dwellings can include houses and bungalows but are generally flats in blocks and flats in houses (maisonettes) where the Council retains the freehold ownership and in some case the leases may state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. Cover is expected to commence at 00.01am on the 1st April 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d027d928-2f37-4fcf-8e60-d688d92288db
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0bb8a1d3-1652-4a55-9e6c-c0007c999116
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£22,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Sep 20232 years ago
Submission Deadline
16 Oct 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2024 - 31 Mar 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HACKNEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
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
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-d027d928-2f37-4fcf-8e60-d688d92288db-2023-09-11T13:07:23+01:00",
    "date": "2023-09-11T13:07:23+01:00",
    "ocid": "ocds-b5fd17-d027d928-2f37-4fcf-8e60-d688d92288db",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "HACK001-DN688626-80130238",
        "title": "Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties",
        "description": "The current policy contract expires on 31 March 2023. The London Borough of Hackney invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. In addition, cover is to include mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements. The dwellings can include houses and bungalows but are generally flats in blocks and flats in houses (maisonettes) where the Council retains the freehold ownership and in some case the leases may state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. Cover is expected to commence at 00.01am on the 1st April 2024.",
        "datePublished": "2023-09-11T10:43:25+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 22000000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-10-16T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-04-01T00:00:00+01:00",
            "endDate": "2027-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/0cfa924e-4041-452f-85aa-62d068d4bede",
                "datePublished": "2023-09-11T10:43:25+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "description": "Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties",
                "url": "https://procontract.due-north.com/Advert?advertId=a8e0b13b-2e4e-ee11-8124-005056b64545&fromProjectDashboard=True"
            },
            {
                "id": "3",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/0bb8a1d3-1652-4a55-9e6c-c0007c999116",
                "datePublished": "2023-09-11T10:43:25+01:00",
                "dateModified": "2023-09-11T13:07:23+01:00",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-50288",
            "name": "London Borough of Hackney",
            "identifier": {
                "legalName": "London Borough of Hackney"
            },
            "address": {
                "streetAddress": "Hackney Service Centre, 1 Hillman Street",
                "locality": "Hackney",
                "postalCode": "E8 1DY",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Brian Clark",
                "email": "brian.clark@hackney.gov.uk",
                "telephone": "+44 2083563000"
            },
            "details": {
                "url": "http://www.hackney.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-50288",
        "name": "London Borough of Hackney"
    }
}