Published date: 27 October 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: 27 November 2023, 12pm

Contract summary

Industry

  • Property insurance services - 66515200

Location of contract

London

Value of contract

£4,597,068

Procurement reference

tender_391141/1264120

Published date

27 October 2023

Closing date

27 November 2023

Closing time

12pm

Contract start date

1 April 2024

Contract end date

31 March 2029

Contract type

Service contract

Procedure type

Open procedure (above threshold)

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

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

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.

About the buyer

Contact name

Trudie Eldriny

Address

London Borough of Hillingdon
Uxbridge
UB8 1UW
England

Email

teldriny@hillingdon.gov.uk