--- 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-h6vhtk-038693" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-038693" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-038693.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-038693.json" source: "Find A Tender Service" 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-h6vhtk-038693 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-038693) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-038693.json) ## Summary The London Borough of Newham is seeking bids for the provision of property insurance in respect of private dwellings sold on a leasehold basis. The contracting authority administers a portfolio of approximately 6,000 properties with a total sum insured of £1 billion. The tender, ID ITTN167, falls under the main procurement category of services within the insurance services classification. This tender presents an opportunity for insurance providers to compete for a long-term contract with a duration of 1080 days and potential renewal. Businesses well-suited to compete in this tender are those with expertise in property insurance services. The submission deadline for bids is set for 23rd December 2022, with the award period beginning immediately after. The procurement method is open, and electronic submissions are required. ## 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. ### Lot Information Lot 1 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. Renewal: This contract will be procured prior to contract expiry. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/032814-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | 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 | Not specified | | 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 | Active | | 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 | TLI41 Hackney and Newham | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 18 Nov 2022 at 14:48 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/032814-2022 ## Notice URLs - https://elyq.fa.em3.oraclecloud.com/fscmUI/faces/PrcPosRegisterSupplier?prcBuId=300000002089195 - https://www.newham.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-h6vhtk-038693. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-038693.json.