Published date: 11 September 2023

Last edited date: 11 September 2023

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 16 October 2023, 12pm

Contract summary

Industry

  • Insurance services - 66510000

Location of contract

England

Value of contract

£22,000,000

Procurement reference

HACK001-DN688626-80130238

Published date

11 September 2023

Closing date

16 October 2023

Closing time

12pm

Contract start date

1 April 2024

Contract end date

31 March 2027

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The current policy contract expires on 31 March 2023. The London Borough of Hackney 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. In addition, cover is to include mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements.

The dwellings can include houses and bungalows but are generally flats in blocks and flats in houses (maisonettes) where the Council retains the freehold ownership and in some case the leases may state that the Council, 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.

Cover is expected to commence at 00.01am on the 1st April 2024.

More information

Previous notice about this procurement

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

  • Opportunity
  • Published 11 September 2023

Links

About the buyer

Contact name

Brian Clark

Address

Hackney Service Centre
1 Hillman Street
Hackney
E8 1DY
England

Telephone

+44 2083563000

Email

brian.clark@hackney.gov.uk

Website

http://www.hackney.gov.uk