Official UK procurement notice
Insurance Tender - Leasehold Buildings Lot 9 Awards 2024-2029
Authority: The Royal Borough of Kensington & Chelsea (Local council)·Consortium: 3 public authorities
What is being bought3 lots · detail below
Published requirement descriptionThe Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Leasehold Buildings Lot
9 Award 2024-2029 contracts to Protector Insurance (Company No: FC033034) for the delivery of Leasehold Buildings insurance.
The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal. The
Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of
February 2024.
The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by
the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This
ensures the Councils’ assets are adequately insured and not subject to under-insurance.
CPV: Insurance services · Property insurance services
Lots and requirements (3)Procurement structure
3 lots · 1 with a published value · evaluation weights differ by lotLot #1The objectives of this tender is the contract award for sovereign insurance contract…Awarded LondonLot estimate not published
The objectives of this tender is the contract award for sovereign insurance contract for Property that will commence on 1st of April 2024.
The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal.
The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements.
The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.
Lot #2The objectives of this tender is the contract award for sovereign insurance contract…Awarded LondonLot estimate not published
The objectives of this tender is the contract award for sovereign insurance contract for Leasehold
Buildings that will commence on 1st of April 2024.
The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal.
The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements.
The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.
Lot #3A Service Contract will be awarded to a single supplier for Lot 1 Property and for Lot… UKPublished value£100,000,000
A Service Contract will be awarded to a single supplier for Lot 1 Property and for Lot 2 Leasehold Buildings - the contract for each council could be awarded to a different supplier. The delivery of the contract is anticipated to begin on 01 April 2024.
The objectives of this contract are:
To provide Property insurance for the City of Westminster, London Borough of Hammersmith and Fulham and Royal Borough of Kensington and Chelsea Property programme.
To provide Residential Leasehold Buildings Insurance for the City of Westminster, London Borough of Hammersmith and Fulham and Royal Borough of Kensington and Chelsea residential leasehold properties.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Lots publish different evaluation splits; there is no single procedure weighting.
| Lot | Quality | Price | Social value | Split |
|---|---|---|---|---|
| 1 · The objectives of this tender is the contract award for sovereign insurance contract… | 40 | 150 | 10 | |
| 2 · The objectives of this tender is the contract award for sovereign insurance contract… | 30 | 160 | 10 |
- Price carries 150–160 points depending on the lot. Read the split per lot below.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes
- First published
- 18 Jan 2024, 15:44 GMT
- Last source update
- 18 Apr 2024, 16:47 BST
- Award evaluation window
- 19 Feb 2024 – …
- FTS notice number
2024/S 000-012721- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-042e48Find a Tender
How it was run
Official notice- Submission deadline
- 19 Feb 2024, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 19 Feb 2024, 12:00 GMT
Timeline
19 Feb 2024 → 18 Apr 2024 · 4 dates- Submission deadline19 Feb 2024, 12:00 GMT
- Bids opened19 Feb 2024, 12:00 GMT
- Contract starts1 Apr 2024, 00:00 BST
- Notice published18 Apr 2024, 16:47 BST
Notice history
3 events · 3 releases on Find a Tender · since 18 Apr 2024- Status changed to complete18 Apr 2024, 14:23 BST
- Buyer details updated18 Apr 2024, 14:23 BST
- Buyer details updated18 Apr 2024, 16:47 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · The objectives of this tender is the contract award for sovereign insurance contract…1 award | |||
| Protector Forsikring ASA | £3,310,440 † | — | Awarded |
| Lot 2 · The objectives of this tender is the contract award for sovereign insurance contract…1 award | |||
| Protector Forsikring ASA | £14,832,860 † | — | Awarded |
Contracts
Contract 012686-2024-1 · Protector Forsikring ASA
- Signed
- 4 Mar 2024
- Value
- £3,310,440
- Status
- active
Contract 012721-2024-1 · Protector Forsikring ASA
- Signed
- 4 Mar 2024
- Value
- £14,832,860
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · The objectives of this tender is the contract award for sovereign insurance contract… | 2bids | — | — | — |
| 2 · The objectives of this tender is the contract award for sovereign insurance contract… | 1bids | — | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Public Procurement Review ServiceReview body
Bidders & participating suppliers
1 commercial party on the notice- Protector Forsikring ASAAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria