--- title: "GB-Benfleet: Property Insurance (Leasehold)" ocid: "ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CASTLE POINT BOROUGH COUNCIL" published: "2021-11-29" --- # GB-Benfleet: Property Insurance (Leasehold) Buyer: CASTLE POINT BOROUGH COUNCIL Current stage: Tender OCID: ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2.json) ## Summary The Castle Point Borough Council is initiating a tender for "GB-Benfleet: Property Insurance (Leasehold)" aimed at providing insurance services for leasehold and equity share properties. The procurement falls within the services category, specifically general liability and property insurance services, with a contract value estimated at £500,000 and a minimum value of £100,000. The tender process is currently in the active stage and will close on 5 January 2022. The contract is intended to commence on 1 April 2022 and will last for five years, with the possibility of a two-year extension. Interested suppliers must comply with relevant insurance regulations and possess necessary authorisations as mandated by UK law. The delivery location for service provision is in the East of England. This tender presents substantial opportunities for businesses within the insurance sector, particularly those specialising in property and liability insurance. Companies with a strong track record in underwriting, compliance with industry regulations, and an "A-" rating from recognised agencies are well-positioned to compete for this contract. As the procurement method is open, it invites a broad range of suppliers to participate, thereby fostering healthy competition and potential collaboration within the insurance market. Businesses aiming to expand their portfolio in public sector contracts will find this opportunity particularly advantageous. ## 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/95e15230-0a5a-4258-ba86-a7d66380e060 | | Notice type | Tender 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 | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Nov 2021 | | Submission deadline | 5 Jan 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2022 - 31 Mar 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £500,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | 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 | ## 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 - 29 Nov 2021 at 12:30 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/95e15230-0a5a-4258-ba86-a7d66380e060 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/95e15230-0a5a-4258-ba86-a7d66380e060 29th November 2021 - Opportunity notice on Contracts Finder - https://www.delta-esourcing.com/tenders/UK-GB-Benfleet:-Property-Insurance-(Leasehold)/J69SM576T3 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-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a4369c47-fccd-48e7-b6f0-1fd2defe9ce2.json.