Award

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

WOKINGHAM BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

19 Mar 2024 at 16:35

Tender

19 Oct 2023 at 11:09

Summary of the contracting process

The Wokingham Borough Council has successfully awarded a contract for the provision of property insurance for leasehold flats and shared ownership properties. The contract, titled "Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services," falls under the services main procurement category in the industry of property insurance services. The procurement stage was an open procedure, with a total contract value of £395,766 GBP. The award was made to Aspen Insurance UK Ltd, and the contract was signed on 19th March 2024.

This tender by Wokingham Borough Council presents an opportunity for businesses in the property insurance services industry. Companies well-suited to compete are those offering quality insurance services at competitive prices. The tender is particularly beneficial for businesses providing buildings insurance for leasehold properties, including those sold under the Right to Buy legislation. The opportunity also extends to companies capable of handling insurance for shared ownership properties, such as houses, maisonettes, and flats, in line with the council's requirements.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

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

Notice Description

Provision of Buildings Insurance for Leasehold 'Right to Buy' and Shared Ownership properties.

Lot Information

Lot 1

Provision of Buildings Insurance for Leasehold 'Right to Buy' and Shared Ownership properties.

Renewal: Option to renew for 12 months + 12 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040d55
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008912-2024
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

66515200 - Property insurance services

Notice Value(s)

Tender Value
£575,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£395,766 £100K-£500K

Notice Dates

Publication Date
19 Mar 20241 years ago
Submission Deadline
23 Nov 2023Expired
Future Notice Date
Not specified
Award Date
19 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WOKINGHAM BOROUGH COUNCIL
Contact Name
Mrs Valentina Z Velcheva
Contact Email
valentina.velcheva@wokingham.gov.uk
Contact Phone
+44 7730320959

Buyer Location

Locality
WOKINGHAM
Postcode
RG40 1BN
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLJ1 Berkshire, Buckinghamshire and Oxfordshire

Local Authority
Wokingham
Electoral Ward
Emmbrook
Westminster Constituency
Wokingham

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN INSURANCE

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-040d55-2024-03-19T16:35:46Z",
    "date": "2024-03-19T16:35:46Z",
    "ocid": "ocds-h6vhtk-040d55",
    "initiationType": "tender",
    "tender": {
        "id": "DN695526",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66515200",
            "description": "Property insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Provision of Buildings Insurance for Leasehold 'Right to Buy' and Shared Ownership properties.",
        "value": {
            "amount": 575000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Provision of Buildings Insurance for Leasehold 'Right to Buy' and Shared Ownership properties.",
                "contractPeriod": {
                    "startDate": "2024-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "Option to renew for 12 months + 12 months"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Quality",
                            "type": "quality",
                            "description": "30%"
                        },
                        {
                            "type": "price",
                            "description": "70%"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UKJ1"
                    },
                    {
                        "region": "UKJ1"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://procontract.due-north.com/Opportunities",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2023-11-23T12:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2023-11-23T12:00:00Z"
        },
        "bidOpening": {
            "date": "2023-11-23T12:00:00Z",
            "address": {
                "streetAddress": "Wokingham Borough Council"
            },
            "description": "Joanne Jennings Dan Skinner"
        },
        "hasRecurrence": true
    },
    "parties": [
        {
            "id": "GB-FTS-4706",
            "name": "Wokingham Borough Council",
            "identifier": {
                "legalName": "Wokingham Borough Council"
            },
            "address": {
                "streetAddress": "Civic Offices, Shute End",
                "locality": "Wokingham",
                "region": "UKJ1",
                "postalCode": "RG40 1BN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Mrs Valentina Z Velcheva",
                "telephone": "+44 7730320959",
                "email": "Valentina.Velcheva@wokingham.gov.uk",
                "url": "https://procontract.due-north.com/Opportunities"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.wokingham.gov.uk",
                "buyerProfile": "http://www.wokingham.gov.uk",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-19194",
            "name": "High Court of Justice of England and Wales",
            "identifier": {
                "legalName": "High Court of Justice of England and Wales"
            },
            "address": {
                "locality": "London",
                "postalCode": "EC4A 1NL",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-108375",
            "name": "Aspen Insurance UK Ltd",
            "identifier": {
                "legalName": "Aspen Insurance UK Ltd"
            },
            "address": {
                "streetAddress": "30 Fenchurch Street London Ec3M 3BD",
                "locality": "London",
                "region": "UKJ1",
                "postalCode": "Ec3M 3BD",
                "countryName": "United Kingdom"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        },
        {
            "id": "GB-FTS-8533",
            "name": "High Court of Justice of England and Wales",
            "identifier": {
                "legalName": "High Court of Justice of England and Wales"
            },
            "address": {
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-4706",
        "name": "Wokingham Borough Council"
    },
    "language": "en",
    "awards": [
        {
            "id": "008912-2024-1",
            "relatedLots": [
                "1"
            ],
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-108375",
                    "name": "Aspen Insurance UK Ltd"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "008912-2024-1",
            "awardID": "008912-2024-1",
            "status": "active",
            "value": {
                "amount": 395766,
                "currency": "GBP"
            },
            "dateSigned": "2024-03-19T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 3
            }
        ]
    }
}