Tender

Invitation to Tender for Property Insurance Quotations in respect of Leasehold Right to Buy Properties, Domestic Leasehold Properties and Seaside Community Homes excluding Broker Services

BRIGHTON & HOVE CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

26 Oct 2023 at 12:33

Tender Notice
Summary of the contracting process

The Brighton & Hove City Council has initiated a tender process for the provision of property insurance for leasehold properties and Seaside Community Homes. The tender, titled "Invitation to Tender for Property Insurance Quotations," falls under the financial and insurance services industry category. The procurement method is an open procedure, above threshold, with a total value of £3,150,000. The deadline for tender submissions is 1st December 2023, and the contract period is set to begin on 1st April 2024 and end on 31st March 2027, aiming to cover multiple property portfolios across the South East region of the United Kingdom.

This tender opportunity from Brighton & Hove City Council presents a chance for SMEs to compete and secure a contract for providing property insurance services. Businesses in the insurance sector, particularly those experienced in managing leasehold properties and community homes, are well-suited to engage in this procurement process. The Council's preference for separate policies and the specific coverage requirements offer tailored opportunities for service providers to demonstrate their expertise in this niche insurance segment, fostering growth and potential long-term partnerships.

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Notice Information

Notice Title

Invitation to Tender for Property Insurance Quotations in respect of Leasehold Right to Buy Properties, Domestic Leasehold Properties and Seaside Community Homes excluding Broker Services

Notice Description

Brighton & Hove City 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 is not required. Property insurance is also required for those properties in the ownership of Brighton & Hove Seaside Community Homes, a charity with whom the Council has 100% nomination rights. Three portfolios of properties make up this Tender all of which are included under the same lot, however three separate policies will be required from the successful bidder. Leasehold Right to Buy Properties and Domestic Leasehold Properties (Formerly known as Domestic Leasehold Flats) The Leasehold Right to Buy Properties policy is currently written on a sum insured basis as is the Domestic Leasehold Properties policy. The Council are seeking tender submissions for two separate policies, which will be awarded jointly and cover will commence at 00.01 on the 1st April 2024

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eab9be87-c260-402c-8ff5-a3be3f10903a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9e39e32a-ce66-4f6d-880f-4020850a3e61
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£3,150,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Oct 20232 years ago
Submission Deadline
1 Dec 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
BRIGHTON & HOVE CITY COUNCIL
Contact Name
Procurement Team
Contact Email
procurement@brighton-hove.gov.uk
Contact Phone
01273 291949

Buyer Location

Locality
HOVE
Postcode
BN3 2LS
Post Town
Brighton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ21 Brighton and Hove
Delivery Location
TLJ South East (England)
Local Authority
Brighton and Hove
Electoral Ward
Central Hove
Westminster Constituency
Hove and Portslade

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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