RFP QuestBeta
Awarded · ResultStage · contract

London Borough of Southwark

Leasehold and Ancillary Properties Building Insurance

Financial ServicesCPV 66000000 66500000 66510000 66515000
Value£21.0m
Awarded24 Sept 2017
Published5 Apr 2018
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£21.0mtotal contract value
median £150k
this tender£0£22.7m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The leaseholders and ancillary properties buildings insurance contract relates to flats and maisonettes sold by the council under long lease terms.

There are three separate policies within the contract covering: • The main policy where flats have been sold (under the Right to Buy scheme or through other disposals e.g. auction sales, social home buy) • A policy to insure under-leased blocks on a comprehensive basis (there are currently three) • A much smaller policy relating to mortgaged housing properties - currently 1 property - where the council is still providing a mortgage

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Source & provenance
OCID
05b3fc97-0d09-467a-bf59-0b67146da60f
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
SOUTHWARK-DN292764-85110529
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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