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Insurance Provision - Modification VEAT

Key Housing Association

This public procurement record has 2 releases in its history.

Award

09 Sep 2026 at 01:00

OJEU - F3 - Contract Award Notice
Award

16 Jan 2024 at 00:00

OJEU - F15 - Voluntary Ex Ante Transparency Notice
Summary of the contracting process

Key Housing Association, together with its subsidiary Community Lifestyles, procured insurance provision for their social housing operations. The service covers insurance requirements for a registered social landlord, including property and liability risks, and is intended to maintain continuity of cover while meeting statutory and regulatory obligations. Delivery is for the organisations’ housing activities in the Glasgow and wider Scotland area. The buying organisation is Key Housing Association, a public-law body focused on housing and community amenities. The selected provider is Zurich Municipal, identified as an SME. The procurement is classified as insurance services under CPV 66510000 and relates to an existing insurance arrangement rather than a new construction, supply or facilities contract.

This was an awarded contract modification using a limited procedure without a prior competition, justified under Regulation 72(1)(c) for unforeseen circumstances. The stated intention was to extend the existing insurance provision from 31 May 2024 to 31 May 2025, with Zurich Insurance Company Ltd as the current provider. Zurich Municipal is recorded as the selected supplier, and the contract was signed on 15 January 2024 for £309,745.95. The procurement had one lot, evaluated on price. The tender and lot are recorded as cancelled, while a separate award entry is marked unsuccessful and discontinued; the contract itself is recorded as active. No award date is provided.

This procurement indicates demand from a social housing provider for an insurer able to cover property and liability risks across a registered landlord and subsidiary, while maintaining uninterrupted protection and meeting statutory regulatory obligations. A credible competitor for a future requirement would need relevant insurance capacity in the social housing sector, particularly for property and liability cover, and the ability to operate in a restricted and volatile market. The buyer’s rationale highlights reduced market capacity, substantial renewal rate pressure and the need to respond to changing economic and geopolitical conditions. Providers should therefore be able to demonstrate dependable continuity, resilience, appropriate risk pricing and experience supporting housing organisations through difficult insurance-market conditions.

How relevant is this notice?

Notice Information

Notice Title

Insurance Provision - Modification VEAT

Notice Description

This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Key Housing Association (KHA) and it's subsidiary, Community Lifestyles (CL), could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.

Lot Information

Lot 1

Key Housing Association (KHA) and its subsidiary, Community Lifestyles (CL), intend to extend the existing Insurance Provision contract due to end 31 May 2024 to 31 May 2025 with Zurich Insurance Company Ltd who are the current insurance service Provider.

Procurement Information

This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Key Housing Association (KHA) and its subsidiary, Community Lifestyles (CL), could not have foreseen". Key Housing Association (KHA) and its subsidiary, Community Lifestyles (CL) intend to extend the existing Insurance Provision contract due to end 31 May 2024 to the 31 May 2025 with Zurich Insurance Company Ltd who are the current insurance service Provider. This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL's relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements. The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector over the last 6 months, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during the first quarter of 2024. KHA and CL intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence Q3 2024/25 with a target effective date contract date of 1 June 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000755297
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP564138
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£309,745 £100K-£500K

Notice Dates

Publication Date
9 Sep 20261 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
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Key Housing Association
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G4 0HT
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Municipal

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN496494
    Insurance Provision - Modification VEAT - This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Key Housing Association (KHA) and it's subsidiary, Community Lifestyles (CL), could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP564138
    Insurance Provision - Modification VEAT - This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Key Housing Association (KHA) and it's subsidiary, Community Lifestyles (CL), could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.

Open Contracting Data Standard (OCDS)

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