Award

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

LONDON BOROUGH OF HACKNEY

This public procurement record has 2 releases in its history.

Award

29 May 2024 at 10:25

Tender

11 Sep 2023 at 09:25

Summary of the contracting process

The London Borough of Hackney has completed the procurement process for property insurance covering leasehold flats, shared ownership, and mortgaged properties. The procurement stage was an open procedure with a total contract value of £23,059,935 signed on April 1, 2024. The contract was awarded to Protector Insurance for services in the insurance industry category.

This tender opportunity by the London Borough of Hackney presents business growth possibilities for insurance providers and companies offering property insurance services. Suitable businesses with expertise in insurance coverage, claims services, pricing, and social value contributions would be well-suited to compete for this procurement opportunity.

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Notice Title

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

Notice Description

Provision property insurance in respect of private dwellings sold on a leasehold basis, cover includes mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements.

Lot Information

Lot 1

Provision property insurance in respect of private dwellings sold on a leasehold basis, cover includes mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements. The dwellings can include houses and bungalows but are generally flats in blocks and flats in houses (maisonettes) where the Council retains the freehold ownership and in some case the leases may state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required.

Renewal: At the discretion of the council, there shall be an option to extend this contract for up to 24 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03fb9c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016715-2024
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

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£23,059,935 £10M-£100M

Notice Dates

Publication Date
29 May 20241 years ago
Submission Deadline
16 Oct 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HACKNEY
Contact Name
Mr Brian Clark
Contact Email
brian.clark@hackney.gov.uk
Contact Phone
+44 2083563000

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI41 Hackney and Newham

Local Authority
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

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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