---
title: "Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services"
ocid: "ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOKINGHAM BOROUGH COUNCIL"
published: "2024-03-19"
---

# Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

Buyer: WOKINGHAM BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e.json)

## Summary

The Wokingham Borough Council has awarded a contract for Property Insurance of Leasehold Flats and Shared Ownership Properties. The contract, valued at £395,766 GBP, was awarded to Aspen Insurance UK Limited. The contract period runs from April 1, 2024, to March 31, 2027. The procurement method used was an open procedure. The award was announced on March 19, 2024.

This tender presents business opportunities for insurance providers specialising in property insurance services. Companies with experience in providing insurance services for leasehold flats and shared ownership properties in the South East region of the UK may find this opportunity well-suited for business growth. Understanding the specific requirements outlined by Wokingham Borough Council is crucial for successful bidding in this procurement process.

## Notice

Wokingham 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. 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. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required. In addition there are a small number of shared ownership properties, being a mix of houses, maisonettes and flats.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/54ce186f-c7d8-4eea-8c72-19c56963a1f5 |
| 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 | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Mar 2024 |
| Submission deadline | 23 Nov 2023 |
| Future notice date | Not specified |
| Award date | 19 Mar 2024 |
| Contract period | 31 Mar 2024 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £575,000 |
| Lots value | Not specified |
| Awards value | £395,766 |
| 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 | WOKINGHAM BOROUGH COUNCIL |
| Locality | WOKINGHAM |
| Post town | Reading |
| Postcode | RG40 1BN |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ16 Berkshire West |
| Local authority | Wokingham |
| Electoral ward | Emmbrook |
| Westminster constituency | Wokingham |
| Delivery location | TLJ South East (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515200 - Property insurance services

## Release History

- 19 Mar 2024 at 16:38 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/54ce186f-c7d8-4eea-8c72-19c56963a1f5
- 19 Oct 2023 at 11:18 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9e97ffb7-0b24-463f-84ca-4fdfe9893c5f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/54ce186f-c7d8-4eea-8c72-19c56963a1f5
  19th March 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/9e97ffb7-0b24-463f-84ca-4fdfe9893c5f
  19th October 2023 - Opportunity notice on Contracts Finder
- http://https://procontract.due-north.com/Opportunities
  Advert

## Notice URLs

- http://www.wokingham.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-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-66884198-9be4-454f-bf1f-26dac6bc997e.json.