Award

Contract for Leaseholders Property Insurance

GATESHEAD COUNCIL

This public procurement record has 4 releases in its history.

Award

18 Apr 2023 at 15:10

TenderUpdate

22 Dec 2022 at 09:44

TenderUpdate

24 Nov 2022 at 13:54

Tender

17 Nov 2022 at 17:26

Summary of the contracting process

The Gateshead Council has awarded a contract for Leaseholders Property Insurance to Protector Insurance. The contract involves providing insurance services for private dwellings sold on a leasehold basis, primarily under the Right To Buy legislation. The contract started on 1st April 2023 with a total awarded value of £1,411,004.59. The procurement stage is complete, and the procurement method used was an open procedure.

This contract for Leaseholders Property Insurance offers opportunities for insurance companies keen to provide services related to property insurance for leasehold dwellings. Businesses experienced in insurance services, particularly those with expertise in covering properties under leasehold agreements, would be well-suited to compete. The contract has potential for further extension, opening avenues for long-term partnerships and business growth in the insurance industry. The procurement process included quality and price criteria, with an emphasis on ensuring the best value for the service provided.

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Notice Title

Contract for Leaseholders Property Insurance

Notice Description

Gateshead Council has awarded a contract to a suitably qualified and experienced Insurance Company (not broker) to provide Leaseholders Property Insurance.

Lot Information

Lot 1

Gateshead Council has awarded a contract 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. Cover commenced at 00.01am on the 1st April 2023.

Options: This contract has the option to extend for a further 2 x 12-month periods.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-038642
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011143-2023
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

66510000 - Insurance services

Notice Value(s)

Tender Value
£504,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,411,004 £1M-£10M

Notice Dates

Publication Date
18 Apr 20232 years ago
Submission Deadline
22 Dec 2022Expired
Future Notice Date
Not specified
Award Date
29 Mar 20232 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
GATESHEAD COUNCIL
Contact Name
Hannah Millar
Contact Email
hannahmillar@gateshead.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC2 Northumberland, and Tyne and Wear, TLC22 Tyneside

Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR INSURANCE

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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