--- title: "Residential Landlord, Shared Ownership and Mortgaged Properties Buildings Insurance Scheme (Long Term Agreement)" ocid: "ocds-h6vhtk-040fd9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-040fd9" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-040fd9.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-040fd9.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "LONDON BOROUGH OF HILLINGDON" published: "2023-10-27" --- # Residential Landlord, Shared Ownership and Mortgaged Properties Buildings Insurance Scheme (Long Term Agreement) Buyer: LONDON BOROUGH OF HILLINGDON Current stage: Tender OCID: ocds-h6vhtk-040fd9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-040fd9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-040fd9.json) ## Summary The London Borough of Hillingdon has issued a tender for the provision of property insurance services for residential properties like flats and maisonettes under various ownership structures. Cover commencement is set for 1st April 2024. The contract value is £4,597,068.8 GBP, with a contract period running from 1st April 2024 to 31st March 2029. The tender deadline is 9th November 2023, and the award period starts on 27th November 2023. This opportunity by the London Borough of Hillingdon is suitable for insurance service providers looking to secure a long-term agreement. Businesses in the property insurance sector with expertise in servicing various ownership models, including leasehold, shared ownership, and mortgaged properties, would find this tender well-suited for their growth. The procurement method is open, with electronic and written submission methods accepted, providing eligible suppliers with a fair chance to compete for this contract. ## Notice The London Borough of Hillingdon 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 Contracting Authority still retain the freehold ownership and in some case the leases may 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. 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 Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. There are also a number of Shared Ownership (Equity Share) Properties shared where there is part ownership of the property by the Shared Owner leaseholder/Mortgagor and the Council. Cover is expected to commence at 00.01am on the 1st April 2024. ### Lot Information Lot 1 The London Borough of Hillingdon 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 Contracting Authority still retain the freehold ownership and in some case the leases may 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. 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 Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. There are also a number of Shared Ownership (Equity Share) Properties shared where there is part ownership of the property by the Shared Owner leaseholder/Mortgagor and the Council. Cover is expected to commence at 00.01am on the 1st April 2024. Options: Contract extension options available as detailed in the ITT. Renewal: Contract initial term for 3 years with an option to subject for 1 year plus a further 1 year ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/031855-2023 | | 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 | 27 Oct 2023 | | Submission deadline | 9 Nov 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2024 - 31 Mar 2029 | | Recurrence | 2.5 years from contract start date | ## Values | Field | Value | | --- | --- | | Tender value | £4,597,068 | | Lots value | £4,597,068 | | 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 HILLINGDON | | Locality | HILLINGDON | | Post town | Not specified | | Postcode | LON DON | | Country | Not specified | | ITL 1 | Not specified | | ITL 2 | Not specified | | ITL 3 | Not specified | | Local authority | Not specified | | Electoral ward | Not specified | | Westminster constituency | Not specified | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66515200 - Property insurance services ## Release History - 27 Oct 2023 at 14:42 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/031855-2023 ## Notice URLs - http://www.capitalesourcing.com - http://www.hillingdon.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-040fd9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-040fd9.json.