Award

Buildings Insurance for Residential Leaseholders

HARROW COUNCIL

This public procurement record has 2 releases in its history.

Award

06 Mar 2025 at 12:16

Award Notice
Tender

26 Sep 2024 at 13:17

Tender Notice
Summary of the contracting process

Harrow Council has awarded a contract for the provision of buildings insurance for residential leasehold properties, a process that started in the tender stage on 26th September 2024. This procurement, classified under the industry category of Property Insurance Services (CPV 66515200), covers properties across England. The contract, awarded to Protector Insurance, will start on 1st April 2025 and end on 31st March 2028, with a minimum value of £1,875,000 and a total value of £2,125,000 (GBP). Key dates include the tender period ending on 28th October 2024, and the award announcement on 6th March 2025. This inclusive insurance policy covers approximately 1,155 Right to Buy leasehold properties, with an anticipated increase of up to 2% by the contract start date.

This procurement opportunity represents significant business growth potential, especially for SMEs qualified to offer property insurance services on a blanket basis without location selection or claims history consideration. The open procurement method allows fair competition, attracting insurers capable of managing a large portfolio of residential properties. By securing such contracts, businesses can expand their market presence within local government projects, providing stable business opportunities over the multi-year contract period.

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Notice Information

Notice Title

Buildings Insurance for Residential Leaseholders

Notice Description

The London Borough of Harrow invites tenders for the provision of buildings insurance for residential leasehold properties in where the Local Authority has sold a leasehold or shared ownership interest. The current contract expires on 31st March 2025. The Council currently effects cover for 1,155 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. A revised property listing will be provided before the commencement of the contract. 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-fbb8b4b1-a381-40c2-8bd6-24cefb37b126
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f36f84a-0e1e-4846-80d6-a3a40e70ebda
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
£2,125,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,447,444 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 202511 months ago
Submission Deadline
28 Oct 2024Expired
Future Notice Date
Not specified
Award Date
11 Feb 20251 years ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 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
HA3 3QN
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
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
Harrow
Electoral Ward
Greenhill
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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