---
title: "Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services"
ocid: "ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOKINGHAM BOROUGH COUNCIL"
published: "2020-03-23"
---

# Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

Buyer: WOKINGHAM BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66

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## Summary

Wokingham Borough Council has recently completed a tender process for the provision of property insurance services for leasehold flats and shared ownership properties, valued at £335,000. The tender, initiated on 23rd October 2019, was conducted through an open procedure, with submissions due by 6th December 2019. The awarded contract is set to commence on 1st April 2020 and will run until 31st March 2023. This procurement is classified under the CPV code 66515200, relating to property insurance services, within the South East region of the United Kingdom.

This procurement presents significant opportunities for insurers and service providers specializing in property insurance, particularly those with expertise in managing insurance for leasehold properties and shared ownership schemes. Companies able to deliver these specific services, especially those familiar with the regulatory frameworks surrounding Right To Buy legislation, will find themselves well-positioned to compete in this market. Furthermore, the involvement of Wokingham Borough Council indicates a stable client with long-term agreements that can foster ongoing business relationships.

## Notice

Wokingham 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 shared ownership properties, being a mix of houses, maisonettes and flats.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/32bc997a-298e-485e-8ecb-77c1fff2e1c9 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Mar 2020 |
| Submission deadline | 6 Dec 2019 |
| Future notice date | Not specified |
| Award date | 5 Mar 2020 |
| Contract period | 31 Mar 2020 - 31 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £335,000 |
| Lots value | Not specified |
| Awards value | £335,000 |
| 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 | WOKINGHAM BOROUGH COUNCIL |
| Locality | WOKINGHAM |
| Post town | Reading |
| Postcode | RG40 1BN |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ16 Berkshire West |
| Local authority | Wokingham |
| Electoral ward | Emmbrook |
| Westminster constituency | Wokingham |
| Delivery location | TLJ South East (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515200 - Property insurance services

## Release History

- 23 Mar 2020 at 09:51 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/32bc997a-298e-485e-8ecb-77c1fff2e1c9
- 23 Oct 2019 at 13:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0c4fc4fb-c4d2-4b23-9d36-3b490a8cbfd4

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/32bc997a-298e-485e-8ecb-77c1fff2e1c9
  23rd March 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/0c4fc4fb-c4d2-4b23-9d36-3b490a8cbfd4
  23rd October 2019 - Opportunity notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=4207332d-99f5-e911-80fa-005056b64545
  Advert

## Notice URLs

- http://www.wokingham.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-f77712d6-255b-4aea-b17d-2512b3457f66. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f77712d6-255b-4aea-b17d-2512b3457f66.json.