---
title: "The Provision of Leasehold RTB Insurance"
ocid: "ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF NEWHAM"
published: "2023-04-26"
---

# The Provision of Leasehold RTB Insurance

Buyer: LONDON BOROUGH OF NEWHAM  
Current stage: Award  
OCID: ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5

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## Summary

The London Borough of Newham has awarded a contract for "The Provision of Leasehold RTB Insurance" to Protector Insurance for a total value of £12,831,466.25. The procurement method used was a Negotiated procedure without prior publication. The tender period ended on February 23, 2023, and the contract period is from April 1, 2023, to March 31, 2026. The contracting authority is located in London, United Kingdom, and the industry category is insurance services.

This tender presents an opportunity for insurance companies or providers of insurance services, especially those experienced in dealing with property insurance for leasehold dwellings. Businesses specialising in insurance for residential properties under various legislations, such as the Right To Buy (RTB) legislation, would be well-suited to compete in this contracting process initiated by the London Borough of Newham. The awarded contract aims to provide insurance coverage for approximately 6,000 properties within the designated portfolio under the Contracting Authority's administration.

## Notice

The London Borough of Newham (Contracting Authority) procured for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of which 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 the leases 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. The portfolio comprises approximately 6,000 properties with a total sum insured of PS1b. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats is not required. The number of properties change in the course of an insurance year as a result of the exercise of new rights to buy and buy-back of properties mainly within the Contracting Authority's regeneration area. The Contracting Authority's Insurance Department administers the process, including issuance and/or replacement of bespoke insurance documents.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8fe900e1-2712-4761-83d3-a81c2e22a3bf |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Negotiated procedure without prior publication (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Apr 2023 |
| Submission deadline | 23 Feb 2023 |
| Future notice date | Not specified |
| Award date | 30 Mar 2023 |
| Contract period | 31 Mar 2023 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £12,831,466 |
| 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 NEWHAM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E16 2QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Royal Albert |
| Westminster constituency | West Ham and Beckton |
| Delivery location | TLI London |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 26 Apr 2023 at 10:52 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8fe900e1-2712-4761-83d3-a81c2e22a3bf

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8fe900e1-2712-4761-83d3-a81c2e22a3bf
  26th April 2023 - 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-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-63902f7c-c967-412f-bb59-86121a8865e5.json.