---
title: "Leasehold Right to Buy Insurance"
ocid: "ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "SANDWELL METROPOLITAN BOROUGH COUNCIL"
published: "2020-11-09"
---

# Leasehold Right to Buy Insurance

Buyer: SANDWELL METROPOLITAN BOROUGH COUNCIL  
Current stage: Tender  
OCID: ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2

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## Summary

Sandwell Metropolitan Borough Council is currently seeking bids for the "Leasehold Right to Buy Insurance" contract, which is valuable at £560,000. The procurement process is at the tender stage, with a submission deadline of 30th November 2020. This initiative is crucial as it addresses the property insurance for private dwellings sold under the Right To Buy legislation, predominantly in the West Midlands area, specifically Oldbury. The contract period is set to commence on 1st April 2021 and will run until 31st March 2026. The procurement method employed is an open procedure exceeding the financial threshold, primarily classified under insurance services.

This tender presents a significant opportunity for businesses specialising in property insurance services, particularly those catering to leasehold properties and residential insurance needs. Firms equipped to manage large-scale insurance portfolios, especially those familiar with the nuances of leasehold agreements and local regulations, will be particularly well-suited to participate in this competitive procurement. The successful bidder will be positioned to strengthen their portfolio whilst contributing to the risk management of the local authority’s housing initiatives.

## Notice

The current Long-Term Agreement expires on 1st April 2021, Sandwell Metropolitan 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 Housing Act 1985. 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 Additional information: Is a Recurrent Procurement Type? : No

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ce48ad0d-233e-4d18-8d6f-270fd3dd9074 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Nov 2020 |
| Submission deadline | 30 Nov 2020 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Apr 2021 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £560,000 |
| 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 | SANDWELL METROPOLITAN BOROUGH COUNCIL |
| Locality | WEST MIDLANDS |
| Post town | Birmingham |
| Postcode | B69 3DB |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG37 Sandwell |
| Local authority | Sandwell |
| Electoral ward | Oldbury |
| Westminster constituency | West Bromwich |
| Delivery location | TLG West Midlands (England) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 9 Nov 2020 at 09:29 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/ce48ad0d-233e-4d18-8d6f-270fd3dd9074
- 4 Nov 2020 at 09:24 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/ce48ad0d-233e-4d18-8d6f-270fd3dd9074
- 30 Oct 2020 at 14:58 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/ce48ad0d-233e-4d18-8d6f-270fd3dd9074

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ce48ad0d-233e-4d18-8d6f-270fd3dd9074
  9th November 2020 - Opportunity notice on Contracts Finder
- https://in-tendhost.co.uk/sandwellmbc/aspx/
  Additional information on how to apply for this contract

## 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-ef059037-abbb-4dfb-966b-3c7706c474d2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ef059037-abbb-4dfb-966b-3c7706c474d2.json.