Award

Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

LONDON BOROUGH OF BARKING AND DAGENHAM

This public procurement record has 2 releases in its history.

Award

29 Apr 2024 at 19:00

Tender

04 Jul 2023 at 13:50

Summary of the contracting process

The London Borough of Barking and Dagenham has awarded a contract for insurance coverage and associated services related to Leasehold Right to Buy Residential Buildings Insurance. The procurement process was accelerated due to the council's current insurer withdrawing from the market, necessitating the need for immediate action to avoid being uninsured for leaseholder building insurance. The contract, valued at £12,434,856.50 GBP, was awarded to Protector Insurance for Leasehold Properties, excluding LPS Blocks, Colne House, and Mersea House.

This tender presents business growth opportunities for companies specializing in financial and insurance services, particularly those experienced in providing insurance for leasehold properties. Businesses offering high-quality service delivery, effective claims handling, and competitive pricing are well-suited to compete in this procurement process. The accelerated procedure indicates an urgent need for insurance coverage, making it a critical opportunity for insurance service providers to establish valuable partnerships with public authorities like the London Borough of Barking and Dagenham.

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Notice Title

Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Notice Description

Award of contract for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Lot Information

Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)

Insurance provision for Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)

Leasehold Properties (LPS Blocks, Colne House, Mersea House)

Insurance provision for Leasehold Properties (LPS Blocks, Colne House, Mersea House)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03debf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013805-2024
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

66000000 - Financial and insurance services

66600000 - Treasury services

Notice Value(s)

Tender Value
£11,000,000 £10M-£100M
Lots Value
£11,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£12,434,856 £10M-£100M

Notice Dates

Publication Date
29 Apr 20241 years ago
Submission Deadline
19 Jul 2023Expired
Future Notice Date
Not specified
Award Date
28 Sep 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BARKING AND DAGENHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BARKING
Postcode
IG11 7LU
Post Town
Ilford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI52 Barking & Dagenham and Havering

Local Authority
Barking and Dagenham
Electoral Ward
Abbey
Westminster Constituency
Barking

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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