Tender

Insurance for Leaseholder Properties (C3)

WOKING BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

02 Dec 2021 at 12:15

Summary of the contracting process

Woking Borough Council is currently conducting a tender process for the procurement of insurance services specifically for domestic leaseholder properties, with the title "Insurance for Leaseholder Properties (C3)". This procurement falls under the services category and is managed through the open procedure method. The tender period is set to close on 24 January 2022, with the contract commencing on 1 April 2022 and potentially extending until 31 March 2025. Interested parties must access Woking Borough Council's procurement portal to register and submit their proposals electronically.

This tender represents a significant opportunity for businesses specialising in insurance services, particularly insurance companies and Managing General Agents that are regulated by the Financial Conduct Authority. Companies looking to expand their operations in public sector contracts, especially those with strong financial backgrounds and the appropriate authorisations to underwrite insurance, may find this tender highly beneficial. Given the specific nature of the tender, organisations with experience in property insurance are well-suited to compete.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Insurance for Leaseholder Properties (C3)

Notice Description

Woking Borough Council (WBC) is seeking to procure Insurance cover for domestic leaseholder properties.

Lot Information

Lot 1

Insurance cover for domestic leaseholder properties

Renewal: The contract will run for three years with an option to extend for a further two years, making five years in total

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fc6a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029940-2021
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
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Dec 20214 years ago
Submission Deadline
24 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WOKING BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
procurement@woking.gov.uk
Contact Phone
+44 1483743491

Buyer Location

Locality
WOKING
Postcode
GU21 6YL
Post Town
Guildford
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ25 West Surrey

Local Authority
Woking
Electoral Ward
Canalside
Westminster Constituency
Woking

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-02fc6a-2021-12-02T12:15:02Z",
    "date": "2021-12-02T12:15:02Z",
    "ocid": "ocds-h6vhtk-02fc6a",
    "description": "The contracting authority shall not be liable for any costs incurred by those applicants tendering for this contract.The contracting authority reserves the right to terminate the tendering exercise at any time without the award of a contract. This procurement will be managed electronically via the Woking Borough Council procurement portal using https://delta-esourcing.com . To participate in this procurement, participants must first be registered on https://delta-esourcing.com. If you have not yet registered, please go online to https://delta-esourcing.com. You can then access the link to register. If you experience any technical difficulties please contact the Delta eSourcing Helpdesk on call +44 8452707050 or e-mail helpdesk@delta-esourcing.com . For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Woking:-Insurance-services./WKAFN455R8 To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/WKAFN455R8 GO Reference: GO-2021122-PRO-19327844",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-02fc6a",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Insurance for Leaseholder Properties (C3)",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Woking Borough Council (WBC) is seeking to procure Insurance cover for domestic leaseholder properties.",
        "value": {
            "amount": 1,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Insurance cover for domestic leaseholder properties",
                "contractPeriod": {
                    "startDate": "2022-04-01T00:00:00+01:00",
                    "endDate": "2025-03-31T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The contract will run for three years with an option to extend for a further two years, making five years in total"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "active"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66515200",
                        "description": "Property insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKJ25"
                    }
                ],
                "deliveryLocation": {
                    "description": "West Surrey"
                },
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "written"
        ],
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "suitability",
                    "description": "This tender is open only to insurance companies and Managing General Agents regulated by the Financial Conduct Authority and Market Act 2000, Insurance Companies Act 1982 and any other statutory modifications thereof. Insurance companies and MGA's may provide terms through an intermediary /broker. For the avoidance of doubt this competition does not include a requirement for insurance broking services and placement of coverage will be by Gallagher with the bidding Insurers/MGA and not via the introducing intermediary. Evaluation will be undertaken as referred to within the ITT document",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "economic",
                    "description": "Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address. Applicants may be asked for further information if the Authority feels it is necessary. The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot applied for.",
                    "minimum": "All bidders should hold a Standard & Poor's (or equivalent rating agency) rating of A- or better. If you do not hold a financial rating from a rating agency, please provide your financial statements for the past two years for consideration of Woking Borough Council and their broker to confirm the following: 1) Turnover: A minimum turnover of 2x the anticipated minimum contract value 2) In addition, tenderers must have a positive net worth and must be authorised by the FCA to transact general insurance business in the UK. Tenderers transacting business in the UK on a passport recognised by the FCA are also eligible to bid.",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "technical",
                    "description": "Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "technical",
                    "description": "Financial Services and Market Act 2000, Insurance Companies Act 1982 and other statutory modifications thereof, and associated obligations of the Financial Conduct Authority. Insurers must be authorised to carry out business in the relevant class of insurance listed in II.1.4. This competition does not include a requirement for insurance broking services and insurance brokers are not eligible to participate in the tender."
                }
            ]
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-01-24T14:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2022-01-25T09:00:00Z"
        },
        "bidOpening": {
            "date": "2022-01-25T09:00:00Z"
        },
        "hasRecurrence": false,
        "contractTerms": {
            "hasElectronicOrdering": true,
            "electronicInvoicingPolicy": "allowed",
            "hasElectronicPayment": true
        }
    },
    "parties": [
        {
            "id": "GB-FTS-22691",
            "name": "Woking Borough Council",
            "identifier": {
                "legalName": "Woking Borough Council"
            },
            "address": {
                "streetAddress": "Civic Offices, Gloucester Square",
                "locality": "Woking",
                "region": "UKJ25",
                "postalCode": "GU21 6YL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 1483743491",
                "email": "procurement@woking.gov.uk",
                "url": "https://www.delta-esourcing.com/tenders/UK-UK-Woking:-Insurance-services./WKAFN455R8"
            },
            "roles": [
                "buyer",
                "mediationBody"
            ],
            "details": {
                "url": "https://www.woking.gov.uk",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            },
            "additionalContactPoints": [
                {
                    "telephone": "+44 1483743491"
                }
            ]
        },
        {
            "id": "GB-FTS-36537",
            "name": "Woking Borough Council",
            "identifier": {
                "legalName": "Woking Borough Council"
            },
            "address": {
                "streetAddress": "Civic Offices, Gloucester Square",
                "locality": "Woking",
                "postalCode": "GU216YL",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-22691",
        "name": "Woking Borough Council"
    },
    "language": "en"
}