BT1726 Insurance for 19 Shared Ownership Properties
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits below the typical range for Financial & Insurance Services contracts — a smaller, more accessible award. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
Luton Council require buildings insurance for 19 shared ownership mortgaged properties within the borough of Luton.
This a statutory and preventative service and this a standalone requirement.
The Council have a requirement to provide a discounted buildings insurance to shared owners which is then recharged to the mortgagee by Council.
The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA.
The mortgagees need to be advised of the new costings giving at least 3 months' notice and the renewal date is 01 April 2025.
The Provider must be able to provide: • Buildings insurance cover (accidental damage not required) • Payments facility to pay by direct debit ALL DOCUMENTS ARE AVAILABLE ON THE PROCONTRACT (PROACTIS ETENDERING PORTAL)
What the notice asks for
The Council have a requirement to provide
The Council have a requirement to provide a discounted buildings insurance to shared owners which is then recharged to the mortgagee by Council.
The key outcome is the building insurer
The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA.
The mortgagees need to be advised
The mortgagees need to be advised of the new costings giving at least 3 months' notice and the renewal date is 01 April 2025.
The Provider must be able to provide
The Provider must be able to provide:.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
What this notice demands of you
1 named in obligation language, 0 mentioned. Each one is quoted from the notice.
The key outcome is the building insurer needs to be reputable, must comply with the Financial Services and Markets Act 2000 as well as the rules made by the PRA and the FCA.
Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.
Make the case to bid
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- OCID
- 1379549a-a97d-46b8-8efd-83f783b6048f
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- LUTON001-DN739217-71472208
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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