RFP QuestBeta
Awarded · ResultStage · contract

Wokingham Borough Council

Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services

Financial ServicesCPV 66000000 66500000 66510000 66515000
Value£396k
Awarded23 Nov 2023
Published19 Mar 2024
RegionSouth East
Outcome — awarded

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

Contract value in context
£396ktotal contract value
median £150k
this tender£0£4.7m

This sits in the upper-middle of the Financial & Insurance Services band — a substantial contract for the sector. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

Wokingham Borough Council invites 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.

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.

Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required.

In addition there are a small number of shared ownership properties, being a mix of houses, maisonettes and flats.

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Source & provenance
OCID
54ce186f-c7d8-4eea-8c72-19c56963a1f5
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
WOKHM001-DN695526-74402446
View the original notice on Contracts Finder

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

Market context

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