Closed tender

Residential Landlord, Shared Ownership and Mortgaged Properties Buildings Insurance Scheme (Long Term Agreement)

Details

Value
£4,597,068
Topic
Property insurance services
Published
27 October 2023
Submission
27 November 2023

Tender description

The London Borough of Hillingdon invites bids for the provision of its property insurance in respect of private dwellings 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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, 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 are not required. In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority. There are also a number of Shared Ownership (Equity Share) Properties shared where there is part ownership of the property by the Shared Owner leaseholder/Mortgagor and the Council. Cover is expected to commence at 00.01am on the 1st April 2024.

Timeline

  1. Completed: Tender published27 October 2023
    Current notice
  2. Completed: Submission date27 November 2023

About the buyer

London Borough of Hillingdon buys as a local authority, running its tenders electronically through Proactis Rego, its online tendering system. Suppliers register free through the Proactis Supplier Network to bid for opportunities. Larger contracts also appear on the government's Contracts Finder and the Proactis website once they pass a set value threshold. A procurement pipeline reviewed each quarter sets out upcoming projects planned over the next two years. Framework agreements awarded by external public bodies are used alongside direct tenders. Approved council contractors carry out lower-value work without a full tender.

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 London Borough of Hillingdon's contract awards have been in construction work, business services and health and social work.

Relevant CPV codes

  • 66515200 · Property insurance services

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