Award

Insurance Services for Right to Buy Block Buildings administered by WDC

WEST DUNBARTONSHIRE COUNCIL

This public procurement record has 1 release in its history.

Summary of the contracting process

The procurement process involves West Dunbartonshire Council, which has awarded a contract titled "Insurance Services for Right to Buy Block Buildings administered by WDC". This contract falls under the services industry category and is located in West Dunbartonshire, UK. The procurement method utilised was an open procedure through a Dynamic Purchasing System, with the contract awarded on 24 February 2022. The tender process concluded with Protector Insurance as the successful supplier, and the contract is valued at approximately £4.68 million.

This tender represents a significant opportunity for businesses specialising in insurance services, particularly those with experience in providing coverage for public sector housing schemes. Companies well-suited to compete for similar contracts include established insurance providers and firms adept in property-related insurance, as the contract involves insuring over 4,600 properties previously sold under the Right to Buy legislation. With more councils looking to outsource insurance services strategically, participation in future tenders in this area could offer pathways for growth for those businesses prepared to meet the specific requirements of local authorities.

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Notice Title

Insurance Services for Right to Buy Block Buildings administered by WDC

Notice Description

Award of mini competition for Insurance Services from a Dynamic Purchasing System RM6138 by Crown Commercial Services

Lot Information

Lot 1

Insurance Services for Right to Buy Block Buildings Insurance Scheme administered by West Dunbartonshire Council. The Block Buildings Insurance Scheme provides insurance cover for domestic properties sold by the Council in terms of former Right to Buy legislation. The conditions of sale in respect of 'Right to Buy' properties state that, where a property has a common part and the Council still has an interest, the Council will insure the subject with an Insurance Service Provider for the full reinstatement value and shall be entitled to recover the insurance premiums payable from the owner of the property. Where applicable, the building insurance cover in terms of this Scheme may continue when the original buyer sells the property onto a secondary purchaser. There are currently 4,634 properties insured under the Block Buildings Insurance Scheme as at 7th October 2021 with total sum insured at GBP649,666,199. Of these properties, 2,012 have standard cover with a total risk value of GBP278,353,770 and 2,622 properties have accidental cover with a total risk value of GBP371,312,429.. Call off contract from Dynamic Purchasing System (DPS) for insurers ref:RM6138 under the Crown Commercial Services, Insurance Services 3 (IS3)

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000684642
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR443164
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Dynamic
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

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£4,675,630 £1M-£10M

Notice Dates

Publication Date
11 Mar 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Feb 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST DUNBARTONSHIRE COUNCIL
Contact Name
Not specified
Contact Email
victoria.wilson@west-dunbarton.gov.uk
Contact Phone
+44 1389737000

Buyer Location

Locality
DUMBARTON
Postcode
G82 1QL
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM31 East Dunbartonshire and West Dunbartonshire
Delivery Location
TLM81 East Dunbartonshire, West Dunbartonshire, and Helensburgh and Lomond

Local Authority
West Dunbartonshire
Electoral Ward
Dumbarton
Westminster Constituency
West Dunbartonshire

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR 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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