---
title: "Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21"
ocid: "ocds-h6vhtk-02df69"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02df69"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02df69.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02df69.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUGH OF HACKNEY"
published: "2022-03-10"
---

# Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21

Buyer: LONDON BOROUGH OF HACKNEY  
Current stage: Award  
OCID: ocds-h6vhtk-02df69

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02df69.json)

## Summary

The London Borough of Hackney is procuring insurance services for leasehold right-to-buy properties. The tender, titled "Provision of Insurance Services for Leasehold Right to Buy Property," is classified under the insurance services category and has a total contract value of £13,000,000. This open procurement process is currently active, having commenced with an end date for submissions set for 14 October 2021. The contract is scheduled to start on 1 April 2022 and will last for 36 months, with the possibility of a 24-month extension.

This procurement represents a significant opportunity for businesses specialising in insurance services, particularly those focusing on property insurance, damage or loss insurance, and liability insurance. With the London Borough of Hackney aiming to cover essential aspects such as business interruption and property owners' liability, firms that provide comprehensive insurance solutions would be well-suited to compete. This is especially relevant for SMEs looking to expand their service offering in the public sector, providing a pathway for business growth in a competitive market.

## Notice

The provision of property insurance in respect of private dwelling sold by the London Borough of Hackney on a leasehold shared ownership or managed property basis. The contract start date 1st April 2022 - contract duration of 36 months plus a option to extend for 24 months.

### 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 cost and property owners liability insurance. (Exclude Booker Services).

Options: There is an option to extend for a further 24 months.

Renewal: The contract duration in months is 36 months. At the end of the 36 months period there will be an option to extend up to a further 24 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/006574-2022 |
| Notice type | Tender 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 | 10 Mar 2022 |
| Submission deadline | 14 Oct 2021 |
| Future notice date | Not specified |
| Award date | 22 Feb 2022 |
| Contract period | 31 Mar 2022 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £13,000,000 |
| Lots value | £13,000,000 |
| Awards value | Not specified |
| Contracts value | £2,614,384 |

## 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 | AVID INSURANCE SERVICE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services
- 66515000 - Damage or loss insurance services
- 66515200 - Property insurance services

## Release History

- 10 Mar 2022 at 12:12 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/006574-2022
- 10 Sep 2021 at 10:46 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/022522-2021

## Notice URLs

- http://www.hackney.gov.uk
- https://procontract.due-north.com/Advert/Index?advertId=d54060cf-9810-ec11-810e-005056b64545

## 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-02df69. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02df69.json.