Published date: 20 August 2024

Last edited date: 20 August 2024

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: 30 September 2024, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

England

Value of contract

£30,000

Procurement reference

LUTON001-DN739217-71472208

Published date

20 August 2024

Closing date

30 September 2024

Closing time

12pm

Contract start date

1 April 2025

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Open procedure (below threshold)

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

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Luton Council require buildings insurance for 19 shared ownership mortgaged properties within the borough of Luton.
This a statutory and preventative service and this a standalone requirement. The Council have a requirement to provide a discounted buildings insurance to shared owners which is then recharged to the mortgagee by Council.
The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA. The mortgagees need to be advised of the new costings giving at least 3 months' notice and the renewal date is 01 April 2025.
The Provider must be able to provide:
• Buildings insurance cover (accidental damage not required)
• Payments facility to pay by direct debit
ALL DOCUMENTS ARE AVAILABLE ON THE PROCONTRACT (PROACTIS ETENDERING PORTAL)

More information

Previous notice about this procurement

BT1726 Insurance for 19 Shared Ownership Properties

  • Opportunity
  • Published 20 August 2024

About the buyer

Contact name

Caroline Sturman

Address

Town Hall
George Street
Luton
LU1 2BQ
United Kingdom

Email

caroline.sturman@luton.gov.uk

Website

http://www.luton.gov.uk