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Leasehold Property Insurance (excluding broker services)

Basildon Borough Council

This public procurement record has 2 releases in its history.

Award

17 Mar 2025 at 19:05

Award Notice
Tender

02 Dec 2024 at 12:05

Tender Notice
Summary of the contracting process

Basildon Borough Council is seeking to procure property insurance services for leasehold flats and shared ownership properties located in Essex. The procurement process is currently at the tender stage, with an open procedure being employed. The contract is divided into three lots: insurance premiums for Basildon Borough Council only, insurance premiums for Sempra Homes, and combined insurance premiums for both entities. The submission deadline for tenders is 17 January 2025, and the tender is expected to be awarded shortly thereafter. The procurement is classified under the CPV code for property insurance services.

This tender presents a significant opportunity for businesses involved in property insurance services to secure a substantial contract valued at up to £7,350,000. Given that quality and cost are the key award criteria, companies with expertise in offering competitive premiums and high-quality insurance services are well-suited to compete. The property insurance sector, particularly those familiar with regional or local authority requirements, can benefit from this procurement, fostering potential business growth through long-term engagement with Basildon Borough Council and Sempra Homes.

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Notice Information

Notice Title

Leasehold Property Insurance (excluding broker services)

Notice Description

Property Insurance services in respect of Leasehold Flats and shared ownership properties.

Lot Information

Premiums Basildon Borough Council Only

Leasehold property insurance. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/467S3ZJ259

Premiums Sempra Homes

Leasehold property insurance services in respect of Sempra Homes only

Premiums Basildon Council and Sempra Homes Combined Policy

Leasehold property insurance in respect of Basildon Council and Sempra Homes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c16f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009773-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£7,350,000 £1M-£10M
Lots Value
£14,700,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£6,451,066 £1M-£10M

Notice Dates

Publication Date
17 Mar 20251 years ago
Submission Deadline
17 Jan 2025Expired
Future Notice Date
Not specified
Award Date
14 Mar 20251 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Basildon Borough Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BASILDON
Postcode
SS14 1DL
Postcode Area
Southend-on-Sea
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH37 Essex Thames Gateway
Delivery Location
TLH3 Essex
Local Authority
Basildon
Electoral Ward
St Martin's
Westminster Constituency
Basildon and Billericay

Supplier Information

Number of Suppliers
1
Supplier Name

Avid Insurance Limited

Further Information

Open Contracting Data Standard (OCDS)

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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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