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Leasehold Insurance

South Tyneside Borough Council

This public procurement record has 1 release in its history.

Award

01 May 2026 at 15:07

Award Notice
Summary of the contracting process

The South Tyneside Borough Council is at the award stage of its procurement process for the provision of leasehold insurance services. This procurement process, identified by the tender ID F8076, falls under the industry category of financial and insurance services. The council, a regional or local authority in the United Kingdom, has invited tenders for insuring private dwellings sold on a leasehold basis. These properties are primarily located in South Tyneside and include flats in blocks and maisonettes. The procurement method was a limited procedure without prior publication of a call for competition. The insurance cover is scheduled to commence on 1st April 2026, with the contract already being signed with a total value of £135,676.50 and awarded to The Aspen Group of companies, part of the Sompo Group.

This tender presents a significant opportunity for businesses specialising in financial and insurance services to engage with public sector clients and expand their portfolio. Companies that excel in policy cover, claims handling, and can offer added value and innovation are well-suited to compete in such tenders. With a substantial award criterion focusing on price, this procurement is particularly appealing to firms that can deliver cost-effective solutions while maintaining a high standard of service. Moreover, the geographic coverage for insurance services spans several UK regions, offering extensive exposure and the potential for long-term partnerships with the South Tyneside Borough Council.

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Notice Information

Notice Title

Leasehold Insurance

Notice Description

The current Long Term Agreement expires on 31st March 2026. South Tyneside 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. The dwellings are flats in blocks and flats in houses (maisonettes) where South Tyneside still retain the freehold ownership and in some case the leases may state that South Tyneside 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. In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. Cover is expected to commence at 00.01am on the 1st April 2026

Lot Information

Lot 1

The current Long Term Agreement expires on 31st March 2026. South Tyneside 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. The dwellings are flats in blocks and flats in houses (maisonettes) where South Tyneside still retain the freehold ownership and in some case the leases may state that South Tyneside 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. In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. Cover is expected to commence at 00.01am on the 1st April 2026

Procurement Information

Further Competition via YPO Insurance Placement DPS Ref. No: 001198

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06908c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040643-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£135,676 £100K-£500K

Notice Dates

Publication Date
1 May 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
South Tyneside 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
SOUTH SHIELDS
Postcode
NE33 2RL
Postcode Area
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

The Aspen Group of companies (Aspen) is part of the Sompo Group

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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