Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

SPS 2736 - Leasehold (RTB) Properties Insurance

Royal Borough of Greenwich

This public procurement record has 1 release in its history.

Tender

15 Nov 2023 at 10:08

Tender Notice
Summary of the contracting process

The Royal Borough of Greenwich has issued a tender for the provision of property insurance for private dwellings sold on a leasehold basis under the Right to Buy legislation. The value of the contract is £9,300,000 GBP. Interested parties can submit bids through the Council's eTendering Suite. The tender period ends on 15th December 2023, with the bid opening scheduled for the same day at the Royal Borough of Greenwich Offices in Woolwich. The procurement method is an open procedure, and social value considerations are included in the tender documents.

This opportunity presents a chance for insurance service providers to secure a long-term contract with the Council. Businesses specialising in insurance services, particularly those experienced in property insurance, are well-suited to compete for this tender. The contract period is initially for 3 years, with potential extensions up to a total possible contract period of 5 years. With a clear emphasis on quality and pricing in the award criteria, companies with a strong track record in delivering high-quality insurance services competitively priced are likely to be successful in this procurement process.

How relevant is this notice?

Notice Information

Notice Title

SPS 2736 - Leasehold (RTB) Properties Insurance

Notice Description

The Council invites bids for the provision of property insurance in respect of private dwellings sold on a leasehold basis under the Right to Buy (RTB) Legislation. The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge.

Lot Information

Lot 1

The Council invites bids for the provision of property insurance in respect of private dwellings sold on a leasehold basis under the Right to Buy (RTB) Legislation. The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. The Contract Period is initially for a period of 3 years although the Council reserves the right to extend the Contract on the same terms for a further 2 periods of 12 months (3 + 1 + 1) making a total possible Contract Period of 5 years.

Options: The Contract Period is initially for a period of 3 years although the Council reserves the right to extend the Contract on the same terms for a further 2 periods of 12 months (3 + 1 + 1) making a total possible Contract Period of 5 years. The council requires quotes for 3 excess levels, as outlined in the ITT

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0419e2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033727-2023
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£9,300,000 £1M-£10M
Lots Value
£9,300,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20232 years ago
Submission Deadline
15 Dec 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Royal Borough of Greenwich
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE18 6HQ
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLI51 Bexley and Greenwich
Local Authority
Greenwich
Electoral Ward
Woolwich Arsenal
Westminster Constituency
Greenwich and Woolwich

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...