--- title: "The Provision of Insurance Coverage and Associated Service (excluding broking services) in respect of Leasehold Right to Buy (RTB) Residential Buildings Insurance" ocid: "ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON BOROUGH OF NEWHAM" published: "2022-11-18" --- # The Provision of Insurance Coverage and Associated Service (excluding broking services) in respect of Leasehold Right to Buy (RTB) Residential Buildings Insurance Buyer: LONDON BOROUGH OF NEWHAM Current stage: Tender OCID: ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700.json) ## Summary The London Borough of Newham is seeking bids for the provision of insurance coverage and associated services for leasehold residential buildings under the Right To Buy legislation. The contract covers approximately 6,000 properties in London, with a total sum insured of £1 billion. The procurement is currently in the tender stage, with a deadline for submissions set for December 23, 2022. The contract period is anticipated to start on April 1, 2023, and run until March 31, 2026. This tender presents an opportunity for insurance service providers interested in working with public authorities in the property insurance sector. Businesses offering insurance coverage and related services, particularly those experienced in managing large property portfolios, are well-suited to compete. The procurement method is an open procedure above the threshold, providing a fair and transparent opportunity for qualified firms to participate in the process. ## Notice The London Borough of Newham (Contracting Authority) invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of which were under the Right To Buy (RTB) legislation. The dwellings are flats in blocks and flats in houses (maisonettes), where the Contracting Authority still retain the freehold ownership and the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge. The portfolio comprises approximately 6,000 properties with a total sum insured of PS1b. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats is not required. The number of properties change in the course of an insurance year as a result of the exercise of new rights to buy and buy-back of properties mainly within the Contracting Authority's regeneration area. The Contracting Authority's Insurance Department administers the process, including issuance and/or replacement of bespoke insurance documents. Please visit https://elyq.fa.em3.oraclecloud.com/fscmUI/faces/PrcPosRegisterSupplier?prcBuId=300000002089195 ("the Procurement Portal") for more information. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/bb74f742-97f8-4044-8a54-5d6bb5ab0ed8 | | 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 | 18 Nov 2022 | | Submission deadline | 23 Dec 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2023 - 31 Mar 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | 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 | LONDON BOROUGH OF NEWHAM | | Locality | LONDON | | Post town | East London | | Postcode | E16 2QU | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI41 Hackney and Newham | | Local authority | Newham | | Electoral ward | Royal Albert | | Westminster constituency | West Ham and Beckton | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 18 Nov 2022 at 14:49 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bb74f742-97f8-4044-8a54-5d6bb5ab0ed8 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/bb74f742-97f8-4044-8a54-5d6bb5ab0ed8 18th November 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://elyq.fa.em3.oraclecloud.com/fscmUI/faces/PrcPosRegisterSupplier?prcBuId=300000002089195 ## 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-f73a8b14-8156-4254-9a02-35111fc67700. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f73a8b14-8156-4254-9a02-35111fc67700.json.