--- title: "Tenants Contents Insurance Scheme for the London Borough of Hillingdon" ocid: "ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON BOROUGH OF HILLINGDON" published: "2017-11-23" --- # Tenants Contents Insurance Scheme for the London Borough of Hillingdon Buyer: LONDON BOROUGH OF HILLINGDON Current stage: Tender OCID: ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307.json) ## Summary The London Borough of Hillingdon is initiating a tender process for the "Tenants Contents Insurance Scheme," aimed at providing insurance services for tenants who struggle to access mainstream home contents insurance. This contract is set to last for three years, commencing on 1st April 2018, with a possible extension for an additional two years. The tender period closes on 3rd January 2018. The estimated value of the contract is £320,000 over a five-year period, with the services being particularly essential in the London region where the need for inclusive insurance options is prevalent. This opportunity is well-suited for small and medium-sized enterprises (SMEs) that specialise in insurance services, especially those offering flexible payment options and lower minimum cover amounts tailored for low-income households. The Tenants Contents Insurance Scheme focuses on inclusivity and aims to expand its reach beyond the current 812 participating tenants, presenting a significant opportunity for businesses looking to grow their market presence in community-based insurance solutions. Companies capable of adapting their offerings to meet the needs of financially excluded tenants will find this tender particularly advantageous. ## Notice The London Borough of Hillingdon (the Council) is seeking to appoint a sole supplier for the provision of its Tenants Contents Insurance Scheme. The proposed new contract will be for 3 years, from 1st April 2018 with the option to extend for a further 2 years beyond the initial contact term. The current contract expires on 31st March 2018. The Tenants Contents Scheme is an insurance product for Hillingdon's tenants who find themselves financially excluded from the mainstream home contents insurance market. Currently 812 tenants buy into the Tenants Contents Insurance Scheme, which is just under a 10% take-up rate. The scheme is not intended to rival individual contents policies offered by mainstream insurance providers and unlike these standard contents insurance policies, the Tenants Contents Insurance Scheme has minimal entry criteria, to ensure the scheme is as inclusive as is reasonably possible. The Tenants Contents Insurance Scheme has two significant features. The first is that, unlike mainstream policies which charge by monthly direct debt or an annual premium,tenants purchasing insurance through the Tenants Contents Scheme pay a weekly premium which is collected with the tenant's rent. Secondly, it offers tenants the ability to purchase cover for smaller sums insured than mainstream policies, with sums insured on the Tenants Contents Scheme starting as low as PS5,000. The majority of mainstream policies provide minimum sums insured that exceed the requirements for these low income households. The value of this contract is estimated at PS320k based on the premiums over a 5 year period. Additional information: The full suite of tender documents can be found the tender portal, www.capitalesourcing.com ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8bb55429-9820-44f9-9f14-0c95944c7827 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Nov 2017 | | Submission deadline | 3 Jan 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2018 - 31 Mar 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £320,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON BOROUGH OF HILLINGDON | | Locality | UXBRIDGE | | Post town | Southall | | Postcode | UB8 1UW | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI7 Outer London - West and North West | | ITL 3 | TLI74 Harrow and Hillingdon | | Local authority | Hillingdon | | Electoral ward | Uxbridge | | Westminster constituency | Uxbridge and South Ruislip | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 23 Nov 2017 at 15:03 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8bb55429-9820-44f9-9f14-0c95944c7827 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/8bb55429-9820-44f9-9f14-0c95944c7827 23rd November 2017 - Opportunity notice on Contracts Finder ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3f425a7a-99de-419a-800d-60d09cb29307.json.