Awarded contract

Buildings Insurance for Residential Leaseholders

Details

Value
£2,447,444.65
Topic
Property insurance services
Published
6 March 2025

Tender description

The London Borough of Harrow invited tenders for the provision of buildings insurance for residential leasehold properties in where the Local Authority has sold a leasehold or shared ownership interest. The current contract expires on 31st March 2025. Lot 1: The Council currently effects cover for 1,155 Right to Buy leasehold properties, however it is anticipated that this figure could increase by up to 2% by the commencement date of the contract. The number of properties to be insured may also decrease because leaseholders have the right to enfranchisement when the ratio of leaseholders to Council tenants reaches two thirds and at least 50% of the leaseholders wish to exercise this right. A revised property listing will be provided before the commencement of the contract. Properties are to be insured on a blanket basis, without selection, irrespective of location or previous claims history and inclusion under the policy will be automatic on completion of sale.

Timeline

  1. Completed: Award date11 February 2025
  2. Completed: Award published6 March 2025
    Current notice

About the buyer

London Borough of Harrow buys as a local authority, procuring under the Procurement Act 2023. Every tender is advertised on the London Tenders Portal, the council's e-procurement system. New suppliers must register on the Central Digital Platform before bidding for its contracts. Frameworks set up by the Crown Commercial Service, the Eastern Shires Purchasing Organisation and NHS Shared Business Services also cover much of what the council buys. Supply Ready Harrow trains local businesses to compete for its contracts and for wider public sector work. A published pipeline lists larger opportunities expected for re-procurement or as new projects.

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 Harrow's contract awards have been in health and social work, business services and construction work.

Relevant CPV codes

  • 66515200 · Property insurance services

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Decision makers

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