---
title: "Provision of Insurance Services for Leasehold Right to Buy Property (excluding provision of insurance broker service)"
ocid: "ocds-h6vhtk-029db8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-029db8"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-029db8.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-029db8.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUGH OF HACKNEY"
published: "2021-03-21"
---

# Provision of Insurance Services for Leasehold Right to Buy Property (excluding provision of insurance broker service)

Buyer: LONDON BOROUGH OF HACKNEY  
Current stage: Award  
OCID: ocds-h6vhtk-029db8

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-029db8.json)

## Summary

The London Borough of Hackney is conducting a public procurement process for insurance services related to Leasehold Right to Buy properties, titled "Provision of Insurance Services for Leasehold Right to Buy Property." This tender falls under the services category and is classified as CPV code 66510000, focusing on Insurance services. The procurement is currently in the Award stage, with the contract, valued at £2,269,444.46, having been signed on 26 February 2021. The insurance cover is set to commence on 1 April 2021, under a long-term agreement lasting a minimum of three years, with the possibility of a two-year extension at the authority's discretion. The delivery addresses are located within the UK.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those geared towards property insurance. Companies with a strong footing in providing comprehensive coverage, including material damage, business interruption, and liability insurance, would find themselves well-suited to compete for this contract. The competitive nature of this open procurement process, which received four bids, indicates a robust market interest and offers a chance for insurance firms to expand their client base within the public sector.

## Notice

The London Borough was seeking tender submissions for annual insurance cover commencing from 1 April 2021 under a long term agreement (LTA) for a minimum period of 3 years with option to extend for a further 2 years at the authority's sole discretion.

### Lot Information

Lot 1

Property insurance in respect of leasehold right to buy comprising material damage (perils as specified within the invitation to tender) business interruption to include loss of rental income and/ or alternative accommodation and property owner liability insurance.

Options: The contract is for 36 months. At the end of the 3 year contract there will be an option to extend up to a further 2 year period.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/005703-2021 |
| 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 | 21 Mar 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 26 Feb 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £2,269,444 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF HACKNEY |
| Locality | HACKNEY |
| Post town | East London |
| Postcode | E8 1DY |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Hackney |
| Electoral ward | Hackney Central |
| Westminster constituency | Hackney South and Shoreditch |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OASO |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 21 Mar 2021 at 19:46 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/005703-2021

## Notice URLs

- http://www.hackney.gov.uk
- https://ted.europa.eu/udl?uri=TED:NOTICE:384655-2020:TEXT:EN:HTML

## 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-h6vhtk-029db8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-029db8.json.