Provision of Insurance Services for Leasehold Right to Buy Property (Excluding Provision of Insurance Broker Service)
A Contract Award Notice
by LONDON BOROUGH OF HACKNEY
- Source
- OJEU
- Type
- Contract (Services)
- Duration
- 3 year (est.)
- Value
- £10M
- Sector
- BUSINESS
- Published
- 26 Mar 2021
- Delivery
- 01 Apr 2021 to 31 Mar 2024 (est.)
- Deadline
- n/a
Concepts
Location
Hackney
Geochart for 4 buyers and 1 suppliers
4 buyers
- London Borough of Hackney Hackney
1 supplier
- Oaso Hackney
Description
The London Borough was seeking tender submissions for annual insurance cover commencing from 1 April 2021 under a long term agreement (LTA) for a minimum period of 3 years with option to extend for a further 2 years at the authority's sole discretion.
Total Quantity or Scope
Property insurance in respect of leasehold right to buy comprising material damage (perils as specified within the invitation to tender) business interruption to include loss of rental income and/ or alternative accommodation and property owner liability insurance.
Award Detail
| 1 | Oaso (Hackney)
|
Renewal Options
The contract is for 36 months. At the end of the 3-year contract there will be an option to extend up to a further 2 year period.
Award Criteria
| Quality criteria | 35.0 |
| PRICE | 65.0 |
CPV Codes
- 66510000 - Insurance services
Indicators
- Options are available.
- Award on basis of price and quality.
Reference
- OJEU 153313-2021