Expired contract

Property insurance services

Details

Supplier(s)
Ocaso SA UK
Value
£1,200,000
Duration
5 years
Topic
Property insurance services
Published
9 July 2019

Tender description

Southampton City Council invites bids for the provision of its property insurance in respect of private flats 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 retains 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 as part of the service charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats is not required. Southampton City Council invites bids for the provision of its property insurance in respect of private flats 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 retains 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 as part of the service charge. Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats is not required.

Timeline

  1. Completed: Award date1 April 2019
  2. Completed: Award published9 July 2019
    Current notice
  3. Completed: Contract expiry date5 March 2024

About the buyer

Southampton City Council is a local authority, and buys goods, works and services under its own Contract Procedure Rules. Every opportunity valued above the council's threshold is advertised on the Supply Southampton Portal and Contracts Finder. Larger contracts that exceed the public procurement thresholds are also advertised on Find a Tender. Suppliers bidding for smaller contracts submit written quotations instead of a formal tender. Local suppliers and small and medium enterprises within the city boundary are actively encouraged to bid. Successful and unsuccessful tenderers are notified in writing, with scores and the winning supplier named.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Southampton City Council's contract awards have been in construction work, business services and IT services.

Relevant CPV codes

  • 66515200 · Property insurance services

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