Contract for Leaseholders Property Insurance

A Contract Award Notice
by GATESHEAD COUNCIL

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
£1M
Sector
BUSINESS
Published
18 Apr 2023
Delivery
not specified
Deadline
n/a

Concepts

Location

Northumberland and Tyne and Wear:

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

Gateshead Council has awarded a contract to a suitably qualified and experienced Insurance Company (not broker) to provide Leaseholders Property Insurance.

Total Quantity or Scope

Gateshead Council has awarded a contract 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. Cover commenced at 00.01am on the 1st April 2023.

Award Detail

1 Protector Insurance (Manchester)
  • Contract for Leaseholders Property Insurance
  • Reference: 011143-2023-dn632858-1
  • Value: £1,411,005

Renewal Options

This contract has the option to extend for a further 2 x 12-month periods.

Award Criteria

As stated in tender 75
price 25

CPV Codes

  • 66510000 - Insurance services

Indicators

  • Options are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The tendered price submitted by the successful supplier was based on the first 12 month period of the contract. In order to arrive at a total awarded contract value the Council has added an additional 10% to the value of each subsequent year of the contract to cover inflation and premium increases.

Reference

Domains