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GBC - 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Insurance Services Tender

Guildford Borough Council

This public procurement record has 1 release in its history.

Tender

04 Dec 2024 at 12:47

Tender Notice
Summary of the contracting process

Guildford Borough Council has initiated a tender process for the provision of property insurance services, specifically for private dwellings sold on a leasehold basis under the Right to Buy (RTB) legislation. This tender, catalogued under the reference GBC - 038173, pertains to the financial and insurance services industry. The procurement process is currently in the tender stage, with key dates including the bid submission deadline on 8th January 2025 and a subsequent bid opening on the same day. The contract will span an initial period of three years, with an option for a two-year extension, covering flats in blocks and maisonettes located in the UK region of Guildford. The overall value of the contract is estimated at GBP 500,000.

This tender offers significant opportunities for businesses specialising in financial and insurance services, particularly those with experience in property insurance for leasehold properties. Firms adhering to the required economic criteria, such as holding a credit rating above CCC as per Standard & Poor's, are well-suited to compete. Winning this contract can provide sustained business growth over the potential five-year period. Interested companies should ensure they are registered on the SE Shared Services portal to access the tender documents and submit their bids electronically by the specified deadline.

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Notice Information

Notice Title

GBC - 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Insurance Services Tender

Notice Description

The current Long-Term Agreement expires on 31st March 2025. The Contracting Authority (Guildford Borough Council) invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. Please go to https://www.sesharedservices.org.uk/esourcing and search for tender name (GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender) or reference number (038173).The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and in some case the leases may 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. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flat.

Lot Information

Lot 1

The current Long-Term Agreement expires on 31st March 2025. The Contracting Authority (Guildford Borough Council) invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. Please go to https://www.sesharedservices.org.uk/esourcing and search for tender name (GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender) or reference number (038173).The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and in some case the leases may 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. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flat. The project will be awarded for initial period of 3 years with optional 2-year extension. Additional information: To access the tender please log in (or register and log in) to the following link: https://www.in-tendhost.co.uk/sesharedservices/aspx/HomePlease search for project name GBC- 038173 Guildford Borough Council-Property Insurance - (Leasehold / Right to Buy) Services Tender) or reference number (038173).

Renewal: Contract duration is initial 3 years with optional two years extension (covered through one or more extensions to a maximum total contract period of 5 years).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c227
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039056-2024
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
8 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
2027 or 2029

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Guildford 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
GUILDFORD
Postcode
GU2 4BB
Postcode Area
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ25 West Surrey
Local Authority
Guildford
Electoral Ward
St Nicolas
Westminster Constituency
Guildford

Further Information

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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