Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance
A Contract Award Notice
by LONDON BOROUGH OF BARKING AND DAGENHAM
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 5 year (est.)
- Value
- £12M
- Sector
- BUSINESS
- Published
- 29 Apr 2024
- Delivery
- To 03 Apr 2029 (est.)
- Deadline
- n/a
Concepts
Location
Barking
Geochart for 2 buyers and 2 suppliers
2 buyers
2 suppliers
- Protector Insurance Manchester
- Unnamed None
Description
Award of contract for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance
Lot Division
| 1 | Leasehold Properties (exc LPS Blocks, Colne House, Mersea House) Insurance provision for Leasehold Properties (exc LPS Blocks, Colne House, Mersea House) |
| 2 | Leasehold Properties (LPS Blocks, Colne House, Mersea House) Insurance provision for Leasehold Properties (LPS Blocks, Colne House, Mersea House) |
Award Detail
| 1 | Protector Insurance (Manchester)
|
| 2 | Unnamed (None)
|
Award Criteria
| Service delivery | 5.0 |
| Claims handling | 25.0 |
| Price | 65.0 |
| Financial certainty | 5.0 |
CPV Codes
- 66000000 - Financial and insurance services
- 66600000 - Treasury services
Indicators
Legal Justification
This is due to the Council’s current insurer pulling out of the market due to losing its capacity provider. In order to meet our obligations, it has become necessary to accelerate the procurement process to mitigate the risk of being uninsured for Leaseholder building insurance
Reference
- FTS 013805-2024