---
title: "WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services) - AWARD"
ocid: "ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SE SHARED SERVICES"
published: "2020-03-19"
---

# WAV PT Provision of Property Insurance in respect of Leasehold Flats and Shared Ownership Properties (excluding Broker Services) - AWARD

Buyer: SE SHARED SERVICES  
Current stage: Award  
OCID: ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b

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## Summary

Waverley Borough Council, operating through SE Shared Services, has completed the award for the provision of property insurance regarding leasehold flats and shared ownership properties. This tender, classified under property insurance services, had a total contract value of £250,000, with a minimum value of £200,000. The contract is set to commence on 1st April 2020 and will conclude on 31st March 2023. Interested parties were required to submit their bids by 13th December 2019, under an open procurement method described as an open procedure.

This tender offers significant business opportunities for insurance providers, particularly those specialising in property insurance services. With Waverley Borough Council’s focus on leasehold and shared ownership arrangements, companies with expertise in these areas will find a competitive advantage. Given the contract's value and scope, larger firms or those capable of managing substantial accounts may be well-positioned to participate in similar future contracts, as the council often requires comprehensive insurance and reimbursement coordination with leaseholders.

## Notice

The current Long Term Agreement expires on 31st March 2020. Waverley 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 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. In addition there are a small number of houses under Shared Ownership where Waverley Borough Council is responsible for the insurance arrangements although the premiums are re-charged to the residents. Separate policies are required for the Leasehold properties and Shared Ownership portfolios. Cover is expected to commence at 00.01am on the 1st April 2020

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9a37a4cb-66a2-438c-8f62-b30e195c5515 |
| 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 | 19 Mar 2020 |
| Submission deadline | 13 Dec 2019 |
| Future notice date | Not specified |
| Award date | 9 Mar 2020 |
| Contract period | 31 Mar 2020 - 31 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | Not specified |
| Awards value | £207,343 |
| 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 | SE SHARED SERVICES |
| Locality | SURREY |
| Post town | Guildford |
| Postcode | GU7 1HR |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ2 Surrey, East and West Sussex |
| ITL 3 | TLJ25 West Surrey |
| Local authority | Waverley |
| Electoral ward | Godalming Central & Ockford |
| Westminster constituency | Godalming and Ash |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVID INSURANCE SERVICE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515000 - Damage or loss insurance services
- 66515200 - Property insurance services

## Release History

- 19 Mar 2020 at 12:00 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9a37a4cb-66a2-438c-8f62-b30e195c5515

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9a37a4cb-66a2-438c-8f62-b30e195c5515
  19th March 2020 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.waverley.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-de8695b5-aee0-4e10-90e5-5f079b67699b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-de8695b5-aee0-4e10-90e5-5f079b67699b.json.