Ebury Phase 2 - New build warranty and insurance

Description

New build warranty and insurance required for the Ebury Phase 2 development, consisting of five towers. The development will consist of 98 private sale homes and 236 social/affordable homes for Council tenants. The works will be undertaken by McLaren Construction, and is anticipated to commence late May 2026. Council requires a suitable warranty and insurance provider for the new build including cover for the works and structural warranty post-completion. The requirement is for a 10-year policy, including the two-year defect liability period after the practical completion. It must cover both the private sale and social rent units, and appropriate for a central London scheme valued over £200 million. The policy must protect purchaser deposits if the contractor becomes insolvent before completion, a warranty for the private sale building block (which is attached to an existing already insured Private Accommodation Building), and appropriate for both UK and overseas purchasers. The policy must cover as a minimum the following works: water ingress through the roof or walls (due to a defect in certain parts of the home), damage resulting from a defect in the foundations, roofs, load-bearing walls and floors, damage resulting from a defect in the underground draining that serves the home and damage resulting from a defect in staircases inside of the home.