Home ContractsTDC RL Insurance - Leasehold Properties 2024 - AWA…

TDC RL Insurance - Leasehold Properties 2024 - AWARD

WAC ID:395032

Local GovernmentAward noticeClosed

Source:	Contracts Finder
Notice Type:	Award notice
Buyer:	Tandridge District Council
Main Category:	Services
Procurement Method:	Open procedure
Tender Status:	Closed
Estimated Value (ex. VAT):	£400,000
Release Date:	14 March 2024
Application Deadline:	8 September 2023
Contract Start Date:	1 January 2024

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Award outcome

Awarded to

Aspen Insurance UK LimitedGB-CFS-276837

Award value:	£439,107.27
Award decision date:	7 December 2023
Award status:	Active

Contracting Authority

Organisation

Tandridge District Council

Submission Details

Description

Tandridge District 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 Contracting Authority still retain the freehold ownership and in some case the leases may state that the Contracting Authority, 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. The current Long Term Agreement expires on 31st December 2023. Cover is expected to commence at 00.01am on the 1st January 2024.