Published date: 20 August 2024
This notice was replaced on 20 August 2024
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Opportunity (published 20 August 2024, last edited 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.
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
About the buyer
Contact name
Caroline Sturman
Address
Town Hall
George Street
Luton
LU1 2BQ
United Kingdom
Website
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