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Provision of Services for Leasehold Right to Buy Property (excluding provision of insurance broker services)

Basildon Borough Council

This public procurement record has 1 release in its history.

Award

25 Mar 2021 at 12:24

Award Notice
Summary of the contracting process

The Basildon Borough Council is managing a tender titled "Provision of Services for Leasehold Right to Buy Property," focusing on property insurance services. This procurement process falls under the industry category of services, specifically concerning insurance. The contract is currently in the award stage, having been signed on 19th March 2021, with an estimated value of £2,621,317.02. The tender box for additional responses will open at 9 am on 30th November 2021. This procurement follows an open procedure, allowing a broad range of participants.

This tender presents a significant opportunity for businesses, particularly small and medium enterprises (SMEs) that specialise in property insurance and related services. Companies providing fire insurance, liability insurance, and other damage protection products would be particularly well-suited to compete for this contract. Engaging in this procurement could provide business growth avenues through a long-term agreement, initially set for five years, with a potential two-year extension, allowing successful bidders to secure a solid market presence in the public sector.

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Notice Information

Notice Title

Provision of Services for Leasehold Right to Buy Property (excluding provision of insurance broker services)

Notice Description

Provision of Services for Leasehold Right to Buy Property (excluding provision of insurance broker services)

Lot Information

Lot 1

Property insurance in respect of leasehold right to buy comprising material damage (perils as specified within the invitation to tender), business interruption to include loss of rental income and/or alternative accommodation costs & property owners liability insurance, (excluding provision of Insurance Broker Services). Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/2J5JVDWZW6

Options: Basildon Borough Council is looking for tender responses based upon a Long Term Agreement of 5 years with the option to extend for a further 2 years i.e. 5+2

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-029f2c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006074-2021
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

66513200 - Contractor's all-risk insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515300 - Weather and financial loss insurance services

66515400 - Weather-related insurance services

66516400 - General liability insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,621,317 £1M-£10M

Notice Dates

Publication Date
25 Mar 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Mar 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Basildon Borough 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
BASILDON
Postcode
SS14 1DL
Postcode Area
Southend-on-Sea
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH37 Essex Thames Gateway
Delivery Location
TLH3 Essex
Local Authority
Basildon
Electoral Ward
St Martin's
Westminster Constituency
Basildon and Billericay

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Municipal

Further Information

Open Contracting Data Standard (OCDS)

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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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