Insurance Tender - Leasehold Buildings Lot 9 Awards 2024-2029
A Contract Award Notice
by THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 5 year (est.)
- Value
- £15M
- Sector
- BUSINESS
- Published
- 18 Apr 2024
- Delivery
- 01 Apr 2024 to 31 Mar 2029 (est.)
- Deadline
- n/a
Concepts
Location
London
2 buyers
1 supplier
- Protector Forsikring Asa Manchester
Description
The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Leasehold Buildings Lot 9 Award 2024-2029 contracts to Protector Insurance (Company No: FC033034) for the delivery of Leasehold Buildings insurance. The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils’ assets are adequately insured and not subject to under-insurance.
Total Quantity or Scope
The objectives of this tender is the contract award for sovereign insurance contract for Leasehold Buildings that will commence on 1st of April 2024. … The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements.
Award Detail
1 | Protector Forsikring Asa (Manchester)
|
Award Criteria
Price | 60.0 |
Policy Coverage /Specification | 10.0 |
Claims Provision / Service | 10.0 |
Added Value | 10.0 |
Social Value | 10.0 |
PRICE | 100.0 |
CPV Codes
- 66510000 - Insurance services
Indicators
- Award on basis of price.
Reference
- FTS 012721-2024