---
title: "Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21"
ocid: "ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF HACKNEY"
published: "2022-03-10"
---

# Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21

Buyer: LONDON BOROUGH OF HACKNEY  
Current stage: Award  
OCID: ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a

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## Summary

The London Borough of Hackney is seeking to provide insurance services for leasehold rights associated with property sold on a shared ownership basis. This contract, which has a total value of £13 million, began on 1st April 2022 and is set to last for 36 months, with the option for extension. The procurement process utilised was an open tender, with the bidding period concluding on 14th October 2021. The relevant industry category for this procurement falls under insurance services, specifically property insurance, which encompasses both damage and loss insurance services.

This opportunity is well-suited for small to medium enterprises (SMEs) specialising in insurance services, particularly those with expertise in property insurance. Businesses in this sector can substantially benefit from this contract, given the significant value involved and the ongoing need for property insurance provisions. This contract not only presents a chance for SMEs to expand their service offerings but also to strengthen their presence within the public sector, thus contributing to steady business growth and enhanced sectoral experience.

## Notice

The provision of property insurance in respect of private dwelling sold by the London Borough of Hackney on a leasehold shared ownership or managed property basis. The contract start date 1st April 2022 - contract duration of 36 months plus a option to extend

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/178b9186-86ba-47ab-978d-c67b37bd4073 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Mar 2022 |
| Submission deadline | 14 Oct 2021 |
| Future notice date | Not specified |
| Award date | 10 Mar 2022 |
| Contract period | 31 Mar 2022 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £13,000,000 |
| Lots value | Not specified |
| Awards value | £2,614,384 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF HACKNEY |
| Locality | HACKNEY |
| Post town | East London |
| Postcode | E8 1DY |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Hackney |
| Electoral ward | Hackney Central |
| Westminster constituency | Hackney South and Shoreditch |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVID INSURANCE SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services
- 66515000 - Damage or loss insurance services
- 66515200 - Property insurance services

## Release History

- 10 Mar 2022 at 14:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/178b9186-86ba-47ab-978d-c67b37bd4073

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/178b9186-86ba-47ab-978d-c67b37bd4073
  10th March 2022 - Awarded contract notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=d54060cf-9810-ec11-810e-005056b64545
  Advert

## Notice URLs

- http://www.hackney.gov.uk

## 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-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-40934a33-585f-46b3-bfa5-1ba6547db22a.json.