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

A Contract Award Notice
by WOKINGHAM BOROUGH COUNCIL

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

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

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.

Award Detail

1 Aspen Insurance UK Limtied (None)
  • Value: £395,766

CPV Codes

  • 66515200 - Property insurance services

Other Information

Advert http://https://procontract.due-north.com/Opportunities

Reference

Domains