---
title: "Investment Property Insurance Tender"
ocid: "ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "TORBAY COUNCIL"
published: "2024-03-07"
---

# Investment Property Insurance Tender

Buyer: TORBAY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807.json)

## Summary

The Torbay Council has recently completed an award for the procurement of Investment Property Insurance services, with a contract value of £588,000 in GBP. The tender was classified under the industry category of Financial and insurance services (CPV code: 66000000). The procurement method used was a direct award via waiver, with the tender period ending on November 29, 2023, and the contract period scheduled from December 1, 2023, to November 30, 2026. The buying organisation, Torbay Council, located in Torquay, England, conducted this procurement process.

This tender by the Torbay Council presents a lucrative opportunity for insurance service providers interested in offering Property and Legal Liability Insurance solutions. Businesses in the financial and insurance services sector would be well-suited to compete for such contracts. The contract value and duration provide a stable source of revenue for the winning supplier, in this case, Royal Sun Alliance Insurance Ltd, a large-scale supplier based in Horsham, West Sussex.

## Notice

Property and Legal Liability Insurance

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0cdf2aef-a1b3-4fce-9aaa-30a4afe607fd |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Direct award via waiver |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Mar 2024 |
| Submission deadline | 29 Nov 2023 |
| Future notice date | Not specified |
| Award date | 29 Nov 2023 |
| Contract period | 1 Dec 2023 - 30 Nov 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £588,000 |
| Lots value | Not specified |
| Awards value | £588,000 |
| 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 | TORBAY COUNCIL |
| Locality | TORQUAY |
| Post town | Torquay |
| Postcode | TQ1 3DR |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK4 Devon |
| ITL 3 | TLK42 Torbay |
| Local authority | Torbay |
| Electoral ward | Tormohun |
| Westminster constituency | Torbay |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ROYAL SUN ALLIANCE INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 7 Mar 2024 at 16:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0cdf2aef-a1b3-4fce-9aaa-30a4afe607fd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0cdf2aef-a1b3-4fce-9aaa-30a4afe607fd
  7th March 2024 - 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-da9a7111-ea7a-4573-86ec-8d2a69232807. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-da9a7111-ea7a-4573-86ec-8d2a69232807.json.