---
title: "GB-Benfleet: Property Insurance (Leasehold)"
ocid: "ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CASTLE POINT BOROUGH COUNCIL"
published: "2022-04-06"
---

# GB-Benfleet: Property Insurance (Leasehold)

Buyer: CASTLE POINT BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c)  
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## Summary

Castle Point Borough Council has successfully completed the procurement process for "GB-Benfleet: Property Insurance (Leasehold)" aimed at providing insurance services for leasehold and mortgaged properties. This open tender, which was initiated on 1st April 2022, has a contract period set to last for 5 years, with the option for a 2-year extension. The contract, valued at £22,100, is located in the East of England and falls under the category of weather-related insurance services. The tender period concluded on 15th March 2022, with the award date recorded on 15th March 2022.

This tender presents a valuable opportunity for businesses in the insurance sector, especially those with experience in property insurance and financial loss services. Companies that are well-suited to compete should ideally hold a minimum rating of "A-" by Standard and Poor's or an equivalent from another agency and have demonstrated underwriting experience over the past three years. The contract's long-term nature allows for stability and growth potential, especially for commercial insurers ready to expand their portfolios within the local government contracting space.

## Notice

Provision of Insurance Services in respect of Leasehold Properties and Equity Share / Mortgaged Properties (excluding the provision of insurance broking services) Castle Point Borough Council is looking for tender responses based upon a Long Term Agreement of 5 years with the option to extend by a further 2 years. Additional information: Insurers will be authorised to write the classes of insurance listed within UK subject to English/Welsh Law and jurisdiction of the English/Welsh courts. Potential suppliers may be asked to produce a certificate issued by the appropriate insurance regulatory authority indicating the types of insurance the insurer is authorised to provide and must comply with Departments of Trade and Industry Regulations. Potential suppliers may be asked to produce a copy of their annual reports and accounts for the last 3 years, name and address of bankers, details of last 3 years of underwriting experience for the classes of business referred to in this notice. Insurers must be at least "A-" rated by Standard and Poor's (or equivalent rating agency) and/or approved by the Marsh Market Security Committee.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c54b17af-5124-48aa-bfd8-58998e56b68d |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 Apr 2022 |
| Submission deadline | 15 Mar 2022 |
| Future notice date | Not specified |
| Award date | 15 Mar 2022 |
| Contract period | 31 Mar 2022 - 31 Mar 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £22,100 |
| Lots value | Not specified |
| Awards value | £22,100 |
| 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 | CASTLE POINT BOROUGH COUNCIL |
| Locality | BENFLEET |
| Post town | Southend-on-Sea |
| Postcode | SS7 1TF |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH37 Essex Thames Gateway |
| Local authority | Castle Point |
| Electoral ward | Thundersley South |
| Westminster constituency | Castle Point |
| 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
- 66515100 - Fire insurance services
- 66515200 - Property insurance services
- 66515300 - Weather and financial loss insurance services
- 66515400 - Weather-related insurance services
- 66516400 - General liability insurance services

## Release History

- 6 Apr 2022 at 10:50 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c54b17af-5124-48aa-bfd8-58998e56b68d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c54b17af-5124-48aa-bfd8-58998e56b68d
  6th April 2022 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=681823420
  Please follow this link to view the notice.

## 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-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-55ca3f47-df66-453e-8fb8-bf3d5808383c.json.