Further Competition Under Insurance Placement DPS 978 for The Royal Borough of Kingston upon Thames and their appointed Insurance Broker - Marsh

Contract summary

Industry

• Financial and insurance services - 66000000

Location of contract

United Kingdom

Value of contract

£2,246,035

Procurement reference

DN644107

Published date

19 April 2023

Closing date

23 December 2022

Closing time

12pm

Contract start date

1 April 2023

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Call-off from a dynamic purchasing system

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

The Contracting Authority is tendering their Right to Buy (RTB) Leasehold Buildings Insurance in line with public procurement legislation in time for renewal on 1 April 2023. The insurance policy seeks to cover private dwellings sold on a leasehold basis, the majority of which were sold under the RTB legislation. The dwellings are flats in blocks, flats in houses (maisonettes) and houses where the Contracting Authority still retains the freehold ownership (including those referred to as mortgaged properties). In these situations the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the cost to do so. Where units in some blocks have not been sold (Council tenanted) they are separately covered and so insurance cover for these units is not required

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Award information

Awarded date

16 March 2023

Contract start date

1 April 2023

Contract end date

31 March 2028

Total value of contract

£2,246,035

This contract was awarded to 1 supplier.

Protector Insurance

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About the buyer

Contact name

Neil Walker

Address

Kingston Council
c/o St Nicholas Way
Sutton
SM1 1EA
England

Email

neil.walker@sutton.gov.uk