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SLC, Homeowners Buildings Insurance (Right to Buy)

South Lanarkshire Council

This public procurement record has 2 releases in its history.

Award

18 Jul 2019 at 01:00

OJEU - F3 - Contract Award Notice
Tender

27 Feb 2019 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The tender titled "SLC, Homeowners Buildings Insurance (Right to Buy)", initiated by South Lanarkshire Council, seeks to appoint a provider for homeowners’ insurance covering approximately 4,250 properties in the South Lanarkshire area. The contract, valued at £4,777,710, will commence on 1 October 2019 and is set for a duration of four years, with the possibility of a one-year extension based on performance. The procurement method used is an open procedure, indicating that businesses of all sizes are invited to submit proposals. Key dates include the tender submission deadline of 1 April 2019, and the opening of bids is also set for that date at the South Lanarkshire Council Offices in Hamilton.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those with experience in municipal or residential coverage. Companies that can demonstrate a solid financial standing and meet the specified insurance requirements will have a competitive edge. It is suitable for both large insurers like Zurich Insurance and smaller firms that can provide similar services, especially those proficient in adhering to the regulations outlined in the tender documentation. Engaging in these public sector contracts can lead to long-term relationships and consistent revenue streams for successful bidders.

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Notice Information

Notice Title

SLC, Homeowners Buildings Insurance (Right to Buy)

Notice Description

Homeowners Buildings Insurance (Right to Buy)

Lot Information

Lot 1

The Council wish to appoint a provider for Homeowners Buildings Insurance (Right to Buy). Approximately 4,250 homeowners are currently insured under the existing arrangements. The start date of the contract is 1 October 2019.. The contract that will be awarded from this tender will be for a period of 4 years with the option to extend for a further 12 months subject to satisfactory performance, financial standing and available funding

Renewal: Contract will be reviewed prior to the end of the 4 year initial term to determine whether the extension will be granted.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000575474
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL360945
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award 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

66510000 - Insurance services

Notice Value(s)

Tender Value
£4,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£4,377,710 £1M-£10M

Notice Dates

Publication Date
18 Jul 20197 years ago
Submission Deadline
1 Apr 2019Expired
Future Notice Date
Not specified
Award Date
25 Jun 20197 years ago
Contract Period
Not specified - Not specified
Recurrence
2024

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
South Lanarkshire 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
HAMILTON
Postcode
ML3 0AA
Postcode Area
Motherwell
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
TLM95 South Lanarkshire
Local Authority
South Lanarkshire
Electoral Ward
Hamilton North and East
Westminster Constituency
Hamilton and Clyde Valley

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Insurance

Further Information

Notice Documents

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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