---
title: "Leasehold Right to Buy Insurance - AWARD"
ocid: "ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SANDWELL METROPOLITAN BOROUGH COUNCIL"
published: "2021-01-07"
---

# Leasehold Right to Buy Insurance - AWARD

Buyer: SANDWELL METROPOLITAN BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd

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## Summary

Sandwell Metropolitan Borough Council is seeking bids for the Leasehold Right to Buy Insurance contract, with a total value of £560,000. This procurement falls under the insurance services category and is located in the West Midlands, UK. The contract period spans from 1st April 2021 to 31st March 2026. The procurement method used is an open procedure, indicating that it was accessible to all qualifying suppliers. The tender period previously concluded on 30th November 2020, with the award notice published on 16th December 2020.

This contract presents a significant opportunity for businesses in the insurance sector to expand their service offerings to public authorities. Companies specialising in property insurance, particularly those knowledgeable about the Right To Buy legislation and leasehold arrangements, would find this tender suitable. It is an ideal opportunity for firms looking to establish or strengthen their partnerships with local government entities, particularly in the context of servicing private dwellings and managing insurance cover for leased properties.

## Notice

The current Long-Term Agreement expires on 1st April 2021, Sandwell Metropolitan Borough 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 Housing Act 1985. The dwellings are flats in blocks and flats in houses (maisonettes) where the Council still retain the freehold ownership and the leases state that the Council, 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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Jan 2021 |
| Submission deadline | 30 Nov 2020 |
| Future notice date | Not specified |
| Award date | 16 Dec 2020 |
| Contract period | 31 Mar 2021 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £560,000 |
| Lots value | Not specified |
| Awards value | £527,000 |
| 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 | SANDWELL METROPOLITAN BOROUGH COUNCIL |
| Locality | WEST MIDLANDS |
| Post town | Birmingham |
| Postcode | B69 3DB |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG37 Sandwell |
| Local authority | Sandwell |
| Electoral ward | Oldbury |
| Westminster constituency | West Bromwich |
| Delivery location | TLG West Midlands (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 7 Jan 2021 at 16:36 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
- 7 Jan 2021 at 16:36 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
- 7 Jan 2021 at 16:11 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
- 16 Dec 2020 at 15:29 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
- 16 Dec 2020 at 15:29 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e8854468-e9c0-4fa6-8a45-094f25c72c4e
  7th January 2021 - Awarded contract 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-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-55d65fbc-e0a0-4b72-87fe-4f1a525399dd.json.