Official UK procurement notice
Leasehold Insurance · UK public procurement notice
Authority: South Tyneside Council (Local council)
What is being bought
Published requirement descriptionThe current Long Term Agreement expires on 31st March 2026. South Tyneside 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 South Tyneside still retain the freehold ownership and in some case the leases may state that South Tyneside Council, 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.
In addition, there are a small number of Mortgaged Properties i.e. properties for which the mortgage was granted by the Contracting Authority.
Cover is expected to commence at 00.01am on the 1st April 2026
CPV: Financial and insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 1 May 2026, 15:07 BST
- Last source update
- 1 May 2026, 15:07 BST
- Authority reference
F8076- FTS notice number
2026/S 000-040643- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06908cFind a Tender
- Why no open competition
- The procurement falls outside the scope of application of the directive
- Published justification
Further Competition via YPO Insurance Placement DPS Ref. No: 001198
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| The Aspen Group of companies (Aspen) is part of the Sompo Group | £135,677 † | — | Awarded |
Contracts
Contract 040643-2026-1 · The Aspen Group of companies (Aspen) is part of the Sompo Group
- Signed
- 26 Mar 2026
- Value
- £135,677
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- South Tyneside CouncilReview body
Bidders & participating suppliers
1 commercial party on the notice- The Aspen Group of companies (Aspen) is part of the Sompo GroupAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.