Award

Further Competition Under Insurance Placement DPS 978 for The London Borough of Sutton and their appointed Insurance Broker - Marsh

SUTTON COUNCIL

This public procurement record has 1 release in its history.

Award

19 Apr 2023 at 12:28

Summary of the contracting process

The London Borough of Sutton, represented by Sutton Council, has awarded a contract to Protector Insurance for further competition under the Insurance Placement Dynamic Purchasing System 978. This procurement involves tendering the Right to Buy Leasehold Buildings Insurance, covering private dwellings sold on a leasehold basis. The contract value is GBP 1,822,355, and was signed on 22nd March 2023. The procurement stage was tendered openly using an open procedure under the services category.

This tender presents opportunities for insurance service providers specialising in financial and insurance services to compete for contracts in the public sector. Businesses with expertise in claims handling, policy cover, and social value are well-suited for this opportunity. Sutton Council, as the contracting authority, is seeking high-quality insurance services to cover leasehold properties, offering a chance for suppliers to demonstrate their capabilities in delivering tailored insurance solutions to the public sector.

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Notice Title

Further Competition Under Insurance Placement DPS 978 for The London Borough of Sutton 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 London Borough of Sutton and their appointed Insurance Broker - Marsh

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c203
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011217-2023
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

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,822,355 £1M-£10M

Notice Dates

Publication Date
19 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
SUTTON 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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