Published date: 26 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 23 February 2023, 12pm

Contract summary

Industry

  • Insurance services - 66510000

Location of contract

London

Value of contract

£0 to £12,831,466.25

Procurement reference

ITTN167 Leasehold RTB Insurance

Published date

26 April 2023

Closing date

23 February 2023

Closing time

12pm

Contract start date

1 April 2023

Contract end date

31 March 2026

Contract type

Service contract

Procedure type

Negotiated procedure without prior publication (above threshold)

The opportunity was not advertised, because for example only one supplier is capable of delivering the requirement, or due to extreme urgency brought about by unforeseen events.

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

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The London Borough of Newham (Contracting Authority) procured for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of
which 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 the leases 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. The portfolio comprises approximately 6,000 properties with a total sum insured of £1b. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats is not required.
The number of properties change in the course of an insurance year as a result of the exercise of new rights to buy and buy-back of properties mainly within the Contracting Authority's
regeneration area. The Contracting Authority's Insurance Department administers the process, including issuance and/or replacement of bespoke insurance documents.

Award information

Awarded date

31 March 2023

Contract start date

1 April 2023

Contract end date

31 March 2026

Total value of contract

£12,831,466.25

This contract was awarded to 1 supplier.

PROTECTOR INSURANCE

Address

3 Hardman Street
MANCHESTER
M3 3HF
GB

Reference

Companies House number: FC033034

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

1000 Dockside Road
London
E16 2QU
England

Email

eprocurement@onesource.co.uk