---
title: "SPS 2521 - Leasehold (RTB) Properties Insurance"
ocid: "ocds-h6vhtk-02e514"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e514"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e514.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02e514.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "ROYAL BOROUGH OF GREENWICH"
published: "2022-05-23"
---

# SPS 2521 - Leasehold (RTB) Properties Insurance

Buyer: ROYAL BOROUGH OF GREENWICH  
Current stage: Award  
OCID: ocds-h6vhtk-02e514

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02e514)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02e514.json)

## Summary

The Royal Borough of Greenwich has completed the procurement process for Property Insurance related to leasehold/RTB properties. The contract, titled "SPS 2521 - Leasehold (RTB) Properties Insurance," falls under the services industry category and was initiated through an open tender procedure. The award criteria focused on quality of policy cover, claims handling, and price, with a total contract value of approximately £4.72 million. The contract is active and commenced on 1st April 2022, with a duration of three years, extendable at the authority's discretion for up to two additional years. The delivery addresses for the services are within the UKI51 region.

This procurement presents significant growth opportunities for businesses specialising in property insurance services. Companies with experience in cover for leasehold properties, particularly those offering high-quality claims handling and policy options, would be well-positioned to compete in this tender. The inclusion of a long-term agreement provides stability for potential suppliers, and successful bidders could gain a valuable foothold in servicing the insurance needs of local authorities and similar clients, thereby expanding their market presence.

## Notice

The Royal Borough of Greenwich is seeking tender submissions for Property Insurance in respect of leasehold/RTB properties (excluding Broker Services). There is 1 lot.

### Lot Information

Lot 1

Royal Borough of Greenwich is seeking tender submissions for Property Insurance in respect of leasehold/RTB properties, excluding broker services. Detailed description of the service is provided in the tender documents. The contract will commence 1st April 2022 under a 3-year Long Term Agreement with the option to extend for a further 1 year plus 1 year making it a potential contract period of 5 years at the authority's sole discretion.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/013759-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 May 2022 |
| Submission deadline | 26 Oct 2021 |
| Future notice date | Not specified |
| Award date | 2 Mar 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £5,000,000 |
| Lots value | £5,000,000 |
| Awards value | Not specified |
| Contracts value | £4,718,182 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ROYAL BOROUGH OF GREENWICH |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE18 6HQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI5 Outer London - East and North East |
| ITL 3 | TLI51 Bexley and Greenwich |
| Local authority | Greenwich |
| Electoral ward | Woolwich Arsenal |
| Westminster constituency | Greenwich and Woolwich |
| Delivery location | TLI51 Bexley and Greenwich |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515000 - Damage or loss insurance services
- 66515100 - Fire insurance services
- 66515200 - Property insurance services
- 66515400 - Weather-related insurance services

## Release History

- 23 May 2022 at 10:37 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/013759-2022
- 27 Sep 2021 at 14:56 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023972-2021

## Notice URLs

- http://www.royalgreenwich.gov.uk/
- https://royalgreenwich.proactishosting.com/

## 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-02e514. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02e514.json.