Closed tender

BT1726 Insurance for 19 Shared Ownership Properties

Details

Value
£30,000
Topic
Financial and insurance services
Published
20 August 2024
Submission
30 September 2024

Tender description

Luton Council require buildings insurance for 19 shared ownership mortgaged properties within the borough of Luton. This a statutory and preventative service and this a standalone requirement. The Council have a requirement to provide a discounted buildings insurance to shared owners which is then recharged to the mortgagee by Council. The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA. The mortgagees need to be advised of the new costings giving at least 3 months' notice and the renewal date is 01 April 2025. The Provider must be able to provide: • Buildings insurance cover (accidental damage not required) • Payments facility to pay by direct debit ALL DOCUMENTS ARE AVAILABLE ON THE PROCONTRACT (PROACTIS ETENDERING PORTAL)

Timeline

  1. Completed: Tender published20 August 2024
    Current notice
  2. Completed: Submission date30 September 2024

About the buyer

Luton Council is a local authority, and a dedicated procurement team supports departments across the council to buy goods, services and works. All tenders are advertised and run through Procontract, the council's e-tendering portal. Suppliers register on Procontract and are automatically invited to tender for the council's contracting opportunities. Registration details must match Companies House records and describe services on offer. The council focuses on local supply chains and jobs and skills markets within its contracts, encouraging local sub-contractors, local recruitment and apprenticeships. Purchasing follows the council's standing orders and the Public Contract Regulations 2015.

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 Luton Council's contract awards have been in software and information systems, construction work and IT services.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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Decision makers

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