Leasehold Right to Buy Insurance

A Contract Award Notice
by SANDWELL METROPOLITAN BOROUGH COUNCIL

Source
OJEU
Type
Contract (Services)
Duration
5 year (est.)
Value
£560K
Sector
BUSINESS
Published
13 Jan 2021
Delivery
01 Apr 2021 to 31 Mar 2026 (est.)
Deadline
n/a

Concepts

Location

Oldbury

Geochart for 2 buyers and 1 suppliers

2 buyers

1 supplier

Description

The current Long-Term Agreement expires on 1 April 2021, Sandwell Metropolitan Borough Council invited 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 Housing Act 1985. 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 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.

Total Quantity or Scope

Please refer to the ITT documents.

Award Detail

1 Zurich Insurance (Hampshire)
  • Leasehold Right to Buy Insurance
  • Reference: smbc 20080
  • Num offers: 4
  • Value: £527,000
  • Contractor is an SME.

Award Criteria

Quality 20.0
PRICE 80.0

CPV Codes

  • 66510000 - Insurance services

Indicators

  • Award on basis of price and quality.

Reference

Domains