Awarded contract

Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

Details

Value
£395,766
Duration
3 years
Topic
Property insurance services
Published
19 March 2024

Tender description

Wokingham Borough Council 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 Council still retain 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. 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 shared ownership properties, being a mix of houses, maisonettes and flats.

Timeline

  1. Completed: Award published19 March 2024
    Current notice
  2. Completed: Award date1 April 2024
  3. Next: Contract expiry date31 March 2027in 6 months

About the buyer

Wokingham Borough Council is a local authority that runs its own procurement through the ProContract portal, hosted by Due North. Suppliers register a free account on ProContract to take part in any of the council's tenders. Notices also appear on Contracts Finder and, where the statutory thresholds apply, on Find a Tender under the Procurement Act 2023. The council's contracts register is published on the same portal. Apprenticeship training is bought through the Crown Commercial Service framework, and temporary agency staff through the Matrix portal. A Premier Supplier Scheme offers earlier payment in return for a rebate.

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 Wokingham Borough Council's contract awards have been in transport services, construction work and business services.

Relevant CPV codes

  • 66515200 · Property insurance services

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