Award

Insurance Contract for Leasehold Properties

LONDON BOROUGH OF ENFIELD

This public procurement record has 1 release in its history.

Award

06 May 2022 at 13:34

Summary of the contracting process

The London Borough of Enfield has completed a tender process for an insurance contract related to leasehold properties, valued at £9 billion. The procurement, categorised under insurance services (CPV 66510000), was executed through an open procedure with the tender identified as DN378956. Although the tender process has concluded, it was originally initiated on 29 March 2019. The contract pertains to insurance coverage necessary for leasehold property and tenants, reflecting the region's focus on public services. The award’s current status is active, with Avid Insurance Services Ltd identified as the winning supplier.

This procurement presents significant opportunities for businesses within the insurance industry, especially those specialising in services related to property coverage and administration. Companies that excel in policy assessment, claims processing, and value-added services would be particularly well-positioned to compete in similar future contract opportunities. With London's dynamic property market and the growing demand for comprehensive insurance solutions, this contract exemplifies the potential for business growth in the public sector. Businesses eager to participate in upcoming tenders should focus on enhancing quality and pricing strategies to align with the award criteria reflected in this contract.

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Notice Title

Insurance Contract for Leasehold Properties

Notice Description

Insurance to cover leasehold property/tenants

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0334f2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011861-2022
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

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£9,000,000,000 £1B-£10B

Notice Dates

Publication Date
6 May 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Mar 20196 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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF ENFIELD
Contact Name
Mrs Tracey Sargent
Contact Email
tracey.sargent@enfield.gov.uk
Contact Phone
+44 2083798097

Buyer Location

Locality
ENFIELD
Postcode
EN1 3XH
Post Town
Enfield
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
TLI54 Enfield

Local Authority
Enfield
Electoral Ward
Town
Westminster Constituency
Enfield North

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICES

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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