---
title: "TDC RL Insurance - Leasehold Properties 2024 - AWARD"
ocid: "ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "TANDRIDGE DISTRICT COUNCIL"
published: "2024-03-14"
---

# TDC RL Insurance - Leasehold Properties 2024 - AWARD

Buyer: TANDRIDGE DISTRICT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4

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## Summary

The Tandridge District Council has awarded a contract for the provision of property insurance for leasehold properties. The contract covers flats sold under the Right To Buy legislation. The agreement is set to commence on 1st January 2024, with an estimated value of £500,000. The procurement method was an open procedure, and the contract period runs from 2024 to 2027. The buying organisation is Tandridge District Council located in Surrey, United Kingdom.

This tender presents opportunities for insurance service providers to compete for a long-term contract with stable income. Businesses operating in the insurance services sector, particularly those experienced in property insurance for leasehold properties, would be well-suited to participate. The contract offers a significant financial opportunity, requiring expertise in managing property insurance for local government-owned properties in the South East region of the United Kingdom.

## Notice

Tandridge District Council invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation. The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. The current Long Term Agreement expires on 31st December 2023. Cover is expected to commence at 00.01am on the 1st January 2024.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/67abd135-2a6c-4156-bd7e-61cb911fad4e |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Mar 2024 |
| Submission deadline | 8 Sep 2023 |
| Future notice date | Not specified |
| Award date | 7 Dec 2023 |
| Contract period | 1 Jan 2024 - 31 Dec 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | £439,107 |
| 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 | TANDRIDGE DISTRICT COUNCIL |
| Locality | SURREY |
| Post town | Redhill |
| Postcode | RH8 0BT |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ2 Surrey, East and West Sussex |
| ITL 3 | TLJ26 East Surrey |
| Local authority | Tandridge |
| Electoral ward | Limpsfield |
| Westminster constituency | East Surrey |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ASPEN INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 14 Mar 2024 at 12:01 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/67abd135-2a6c-4156-bd7e-61cb911fad4e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/67abd135-2a6c-4156-bd7e-61cb911fad4e
  14th March 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.tandridge.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-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-50056303-3d28-4eb9-8fd5-4fffc7a0a5a4.json.