T1659 - Provision of Insurance
A Modification Notice
by NORTHERN IRELAND HOUSING EXECUTIVE
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 1 year
- Value
- £1M-£1M
- Sector
- BUSINESS
- Published
- 10 Jul 2024
- Delivery
- To 10 Jul 2025 (est.)
- Deadline
- n/a
Concepts
Location
Belfast
2 buyers
1 supplier
- Rsa Northern Ireland Insurance Belfast
Description
The Housing Executive requires a provision of protective insurance cover for a number of areas. The requirement does not include insurance brokerage services.
Ammendments to Previous Notice
2. Contract value
GBP 1,250,000 1,453,272
Award Detail
| 1 | Rsa Northern Ireland Insurance (Belfast)
|
CPV Codes
- 66510000 - Insurance services
- 66500000 - Insurance and pension services
Indicators
- Contract modified due to additional needs.
Legal Justification
The Housing Executive reviewed the sums insured values of the 9 different flat types and recommended an increase of the sums insured. As a result of the review of the sum insured the Contractor had to do a mid-term adjustment to ensure the cover for these flats is in place and the Housing Executive is not in breach of their lease agreement. The additional premium for sums insured increase is linked to the current insurance policy and it is not possible to procure this additional cover as a separate service provision. Without the additional premium the current contract does not provide full insurance cover for the Housing Executive’s leased flats and will not be fit for purpose. Therefore, the change of contractor is not feasible at this point as it would create a break in insurance policy.
Reference
- FTS 021093-2024