Award

Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

KINGSTON COUNCIL

This public procurement record has 1 release in its history.

Award

03 Apr 2023 at 08:51

Summary of the contracting process

The Royal Borough of Kingston upon Thames, represented by Kingston Council, has recently completed a procurement process for their Right to Buy (RTB) Leasehold Buildings Insurance. The contract sought to cover private dwellings sold under the RTB legislation, including flats and houses. The procurement method used was an open procedure, and the award was granted to Protector Insurance. The contract, worth £2,246,035 GBP, was signed on 22 March 2023.

This tender presents growth opportunities for insurance service providers interested in public sector contracts. Businesses specialising in insurance services, particularly those experienced in claims handling and policy cover, would be well-suited to compete. The procurement process was initiated following public procurement legislation requirements, with a focus on quality criteria such as claims handling, policy cover, and social value alongside pricing considerations.

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Notice Title

Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority is tendering their Right to Buy (RTB) Leasehold Buildings Insurance in line with public procurement legislation in time for renewal on 1 April 2023. The insurance policy seeks to cover private dwellings sold on a leasehold basis, the majority of which were sold under the RTB legislation. The dwellings are flats in blocks, flats in houses (maisonettes) and houses where the Contracting Authority still retains the freehold ownership (including those referred to as mortgaged properties). In these situations the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the cost to do so. Where units in some blocks have not been sold (Council tenanted) they are separately covered and so insurance cover for these units is not required.

Lot Information

Lot 1

Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b80e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009596-2023
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
£2,246,035 £1M-£10M

Notice Dates

Publication Date
3 Apr 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 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
KINGSTON COUNCIL
Contact Name
Neil Walker
Contact Email
neil.walker@sutton.gov.uk
Contact Phone
+44 2087705351

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
Not specified

Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

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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