Tender

Residential Landlord, Shared Ownership and Mortgaged Properties Buildings Insurance Scheme (Long Term Agreement)

LONDON BOROUGH OF HILLINGDON

This public procurement record has 1 release in its history.

Tender

27 Oct 2023 at 14:44

Tender Notice
Summary of the contracting process

The London Borough of Hillingdon is inviting bids for a Residential Landlord, Shared Ownership, and Mortgaged Properties Buildings Insurance Scheme. The procurement falls under the services category and involves property insurance services in the CPV classification. The contract value is £4,597,068 GBP with a tender deadline of November 27, 2023. The contract period starts on April 1, 2024, and runs until March 31, 2029. Businesses interested in this tender opportunity should note that the buying organisation is the London Borough of Hillingdon and the procurement method is an open procedure above the threshold.

This tender for property insurance services by the London Borough of Hillingdon can create growth opportunities for businesses specializing in insurance services or property management. Small and medium-sized enterprises (SMEs) are particularly suitable for this opportunity, given the emphasis on shared ownership properties and mortgaged properties. The geographical location for the service delivery is London, UK, which may influence the type of businesses that can compete effectively. Interested companies should prepare their bids considering the unique requirements of the insurance coverage starting from April 1, 2024.

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Notice Information

Notice Title

Residential Landlord, Shared Ownership and Mortgaged Properties Buildings Insurance Scheme (Long Term Agreement)

Notice Description

The London Borough of Hillingdon 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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, 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 Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. There are also a number of Shared Ownership (Equity Share) Properties shared where there is part ownership of the property by the Shared Owner leaseholder/Mortgagor and the Council. Cover is expected to commence at 00.01am on the 1st April 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ebac48cc-01b9-4f21-a28f-baa935202e80
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/23723bcc-5e46-487b-b15b-7da2a579a6c3
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

66515200 - Property insurance services

Notice Value(s)

Tender Value
£4,597,068 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Oct 20232 years ago
Submission Deadline
27 Nov 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2024 - 31 Mar 2029 Over 5 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 HILLINGDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
UXBRIDGE
Postcode
UB8 1UW
Post Town
Southall
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
Hillingdon
Electoral Ward
Uxbridge
Westminster Constituency
Uxbridge and South Ruislip

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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