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
2 buyers
- Wokingham Borough Council Wokingham
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
- FTS 030879-2023