Award

WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services) - AWARD

SE SHARED SERVICES

This public procurement record has 1 release in its history.

Award

19 Mar 2020 at 12:00

Award Notice
Summary of the contracting process

Waverley Borough Council, operating through SE Shared Services, has completed the award for the provision of property insurance regarding leasehold flats and shared ownership properties. This tender, classified under property insurance services, had a total contract value of £250,000, with a minimum value of £200,000. The contract is set to commence on 1st April 2020 and will conclude on 31st March 2023. Interested parties were required to submit their bids by 13th December 2019, under an open procurement method described as an open procedure.

This tender offers significant business opportunities for insurance providers, particularly those specialising in property insurance services. With Waverley Borough Council’s focus on leasehold and shared ownership arrangements, companies with expertise in these areas will find a competitive advantage. Given the contract's value and scope, larger firms or those capable of managing substantial accounts may be well-positioned to participate in similar future contracts, as the council often requires comprehensive insurance and reimbursement coordination with leaseholders.

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Notice Information

Notice Title

WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services) - AWARD

Notice Description

The current Long Term Agreement expires on 31st March 2020. Waverley Borough Council 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. The dwellings are flats in blocks and flats in houses (maisonettes) where the Council still retain the freehold ownership and the leases 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. In addition there are a small number of houses under Shared Ownership where Waverley Borough Council is responsible for the insurance arrangements although the premiums are re-charged to the residents. Separate policies are required for the Leasehold properties and Shared Ownership portfolios. Cover is expected to commence at 00.01am on the 1st April 2020

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9a37a4cb-66a2-438c-8f62-b30e195c5515
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515000 - Damage or loss insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£207,343 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Mar 20205 years ago
Submission Deadline
13 Dec 2019Expired
Future Notice Date
Not specified
Award Date
9 Mar 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
SE SHARED SERVICES
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SURREY
Postcode
GU7 1HR
Post Town
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Waverley
Electoral Ward
Godalming Central & Ockford
Westminster Constituency
Godalming and Ash

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICE

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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