Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

A Tender Notice
by WOKINGHAM BOROUGH COUNCIL

Source
Find a Tender
Type
Contract (Services)
Duration
5 year
Value
575K
Sector
BUSINESS
Published
19 Oct 2023
Delivery
01 Apr 2024 to 31 Mar 2029
Deadline
23 Nov 2023 12:00

Concepts

Location

Wokingham

Geochart for 2 buyers and 0 suppliers

2 buyers

Description

Wokingham Borough Council 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 Council still retain the freehold ownership and the leases state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium. 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 shared ownership properties, being a mix of houses, maisonettes and flats.

Renewal Options

Option to renew for 12 months + 12 months

CPV Codes

  • 66515200 - Property insurance services

Indicators

  • Bids should cover the whole contract.
  • This is a recurring contract.
  • Renewals are available.
  • Award on basis of price and quality.

Reference

Domains