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Contract for Property Insurance in respect of Leasehold Flats excluding Broker Services

City & County of Swansea

This public procurement record has 2 releases in its history.

Award

15 Dec 2021 at 10:05

Award Notice
Tender

15 Sep 2021 at 14:05

Tender Notice
Summary of the contracting process

The City & County of Swansea is currently in the award stage of a public procurement process for the "Contract for Property Insurance in Respect of Leasehold Flats Excluding Broker Services." This contract, classified under insurance services and part of the services category, is geared towards providing property insurance for leasehold flats, primarily sold under the Right To Buy (RTB) legislation. The contract was signed on 6 December 2021, and the associated consultation process with leaseholders, as mandated by the Landlord and Tenant Act 1985, has been completed. The procurement was conducted through an open method, and the tender was initially submitted electronically through the eTenderWales portal. The delivery location is Swansea, and the total contract value amounts to £205,619.

This tender presents a significant opportunity for insurers and professionals in the financial services sector, especially those specialising in property insurance. With the requirements for insurance services covering leasehold flats, businesses with experience in public sector contracts and compliance with local legislative frameworks would be particularly well-suited to compete. Additionally, given the ongoing procurement processes of local authorities, firms that understand the nuances of servicing leases and have a strong background in tenant consultation processes could leverage this opportunity for growth and expansion in the public procurement marketplace.

How relevant is this notice?

Notice Information

Notice Title

Contract for Property Insurance in respect of Leasehold Flats excluding Broker Services

Notice Description

Swansea Council ('the 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.

Lot Information

Lot 1

Swansea Council ('the 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. Additional information: In accordance with Section 20 of the Landlord and Tenant Act 1985 a consultation process has been undertaken with leaseholders. Tender responses may be inspected by Tenants if a request is made to the Council during the consultation period. The Contract will not be awarded until any observations received from Leaseholders have been considered and the Council has had due regard.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e10c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031189-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

66000000 - Financial and insurance services

66510000 - Insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£205,619 £100K-£500K

Notice Dates

Publication Date
15 Dec 20214 years ago
Submission Deadline
15 Oct 2021Expired
Future Notice Date
Not specified
Award Date
6 Dec 20214 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
City & County of Swansea
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWANSEA
Postcode
SA1 3SN
Postcode Area
Swansea
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL43 Swansea
Delivery Location
TLL18 Swansea
Local Authority
Swansea
Electoral Ward
Waterfront
Westminster Constituency
Swansea West

Supplier Information

Number of Suppliers
1
Supplier Name

Protector Insurance

Further Information

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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