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Leasehold Property Insurance

London Borough of Brent

This public procurement record has 2 releases in its history.

Award

31 Oct 2023 at 11:08

Award Notice
Tender

17 May 2023 at 09:04

Tender Notice
Summary of the contracting process

The London Borough of Brent has awarded a contract for Leasehold Property Insurance to Arthur J. Gallagher Insurance Brokers Ltd. The procurement process was initiated as a tender and has now been completed. The contract falls under the services category with an industry classification of Insurance and pension services. The contract value amounts to £6,224,676.90 GBP, and it was signed on 31st October 2023 by the buying organisation. The tender was published on 31st October 2023 and the contract has been awarded.

This procurement opportunity by the London Borough of Brent for Leasehold Property Insurance can provide growth opportunities for insurance brokers and companies offering insurance and pension services. Businesses with expertise in providing insurance services for leasehold properties and shared ownership properties would be well-suited to compete for this contract. The competitive criteria for the contract include quality and price considerations, with a focus on service excellence and cost-effectiveness.

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Notice Information

Notice Title

Leasehold Property Insurance

Notice Description

Leasehold Property Insurance for Leasehold Flats and Shared Ownership Properties excluding Broker Services

Lot Information

Lot 1

Leasehold Property Insurance

Options: The contract may be extended by a further period of 24 months.

Renewal: At end of 3 year (or year 5 if extended).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c952
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032097-2023
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

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£5,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£6,224,676 £1M-£10M

Notice Dates

Publication Date
31 Oct 20232 years ago
Submission Deadline
22 Jun 2023Expired
Future Notice Date
Not specified
Award Date
31 Oct 20232 years ago
Contract Period
1 Nov 2023 - 31 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Brent
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WEMBLEY
Postcode
HA9 0FJ
Postcode Area
Harrow
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI72 Brent
Delivery Location
TLI London
Local Authority
Brent
Electoral Ward
Wembley Park
Westminster Constituency
Brent West

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J. Gallagher Insurance Brokers Ltd

Further Information

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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