Published date: 29 April 2024

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


Closing: 26 July 2023, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

IG11 7LU

Value of contract

£1 to £12,434,856.50

Procurement reference

tender_376821/1350186

Published date

29 April 2024

Closing date

26 July 2023

Closing time

12pm

Contract start date

29 September 2023

Contract end date

28 September 2028

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.

This is an accelerated procedure.

Justification

This is due to the Council's current insurer pulling out of the market due to losing its capacity provider.

In order to meet our obligations, it has become necessary to accelerate the procurement process to mitigate the risk of being uninsured for Leaseholder building insurance

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Award of contract for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Award information

Awarded date

29 September 2023

Contract start date

29 September 2023

Contract end date

28 September 2028

Total value of contract

£12,434,856.50

This contract was awarded to 1 supplier.

Protector Insurance

Address

3 Hardman Street, Manchester, M3 3HF

Reference

Companies House number: FC033034

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Town Hall
Barking
IG11 7LU
England

Email

Procurement@lbbd.gov.uk