Awarded contract

Insurance Tender - Leasehold Buildings Lot 9 Awards 2024-2029

Details

Value
£14,832,860
Topic
Insurance services
Published
18 April 2024

Tender description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Leasehold Buildings Lot 9 Award 2024-2029 contracts to Protector Insurance (Company No: FC033034) for the delivery of Leasehold Buildings insurance. The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils’ assets are adequately insured and not subject to under-insurance. Lot 9: The objectives of this tender is the contract award for sovereign insurance contract for Leasehold Buildings that will commence on 1st of April 2024. The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal. The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.

Timeline

  1. Completed: Award date4 March 2024
  2. Completed: Award published18 April 2024
    Current notice

About the buyer

Royal Borough of Kensington and Chelsea is a London local authority, procuring goods, works and services for the borough's council services. Corporate, housing, construction, property and environmental contracts are advertised through Delta eSourcing. Adult social care, children's services, school works and public health opportunities run through Jaggaer instead. Suppliers must register on the Central Digital Platform to bid, a requirement under the Procurement Act 2023. Healthcare services procurement follows the Provider Selection Regime rather than a standard tender. A published corporate contract register lists live contracts and their expected re-tender dates.

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 Royal Borough of Kensington and Chelsea's contract awards have been in IT services, construction work and health and social work.

Relevant CPV codes

  • 66510000 · Insurance services

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Decision makers

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