Find a TenderAwarded

Published 4 Jul 2023, 14:50 BST

Official UK procurement notice

Tender for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

Official notice

Authority: London Borough of Barking and Dagenham (Local council)

2 lotsServicesOpen procedureAcceleratedMax 2 lots per supplier

Sectors: Financial and insurance services (66) Delivery: London (UKI52)

Published estimate£11,000,000total for 2 lots

Submissions closed 19 Jul 2023awarded 29 Sept 2023

Awarded to PROTECTOR INSURANCE (UK)

What is being bought2 lots · detail below

Published requirement description

Award of contract for Insurance coverage and associated service (not broking services) in respect of Leasehold Right to Buy Residential Buildings Insurance

CPV: Financial and insurance services · Treasury services

Lots and requirements (2)Procurement structure

2 lots · all with a published value (£11,000,000 together) · win at most 2 of them · same evaluation weights on every lot

Lot #1Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)AwardedPublished value£9,900,000

Insurance provision for Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)

Delivery: London

Variant bids: not allowed

66600000 Treasury services

Lot #2Leasehold Properties (LPS Blocks, Colne House, Mersea House)CancelledPublished value£1,100,000

Insurance provision for Leasehold Properties (LPS Blocks, Colne House, Mersea House)

Delivery: London

Variant bids: not allowed

66000000 Financial and insurance services

What it takes to win
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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 more

How bids were scored · same split on all 2 lots

Quality: 30%Price: 70%

Published sub-criteria (4)

Service delivery: 5%
Claims handling: 25%
Price: 65%
Financial certainty: 5%

Published award criteria (4)

Service delivery: 5
Claims handling: 25
Price: 65
Financial certainty: 5

What this means for your bid

Price carries 70 of 100 points: a 10% discount moves about 7 points. This one is won on the number: sharpen the price before polishing the prose.

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: No (one-off requirement)
First published: 4 Jul 2023, 14:50 BST
Last source update: 29 Apr 2024, 20:00 BST
Award evaluation window: 19 Jul 2023 – …
FTS notice number: 2024/S 000-013805
Accelerated: This is due to the Council’s current insurer pulling out of the market due to losing its capacity provider.
In order to meet our obligations, it has become necessary to accelerate the procurement process to mitigate the risk of being uninsured for Leaseholder building insurance
Classification (CPV): Financial and insurance servicesTreasury services
Delivery area: London (UKI52)
Official registry OCID: ocds-h6vhtk-03debf Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic payment

How it was run

Official notice

Run through: Jaggaer · Who buys & how to bid on JAGGAER

Supplier login requiredLanguage: EN

Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail

Tender documents are also served through a separate tool: https://lbbd.bravosolution.co.uk/ ↗

Submission deadline: 19 Jul 2023, 12:00 BST
Submission channel: {"electronicSubmission","written"}
Accepted languages: en
Bid validity: 270 days from the deadline
Bids opened: 19 Jul 2023, 12:00 BST

Detailed submission instructions & authority contactsFrom official release

lbbd.bravosolution.co.uk ↗

Timeline

19 Jul 2023 → 29 Apr 2024 · 3 dates

Submission deadline
19 Jul 2023, 12:00 BST
Bids opened
19 Jul 2023, 12:00 BST
Notice published
29 Apr 2024, 20:00 BST

Notice history

1 event · 2 releases on Find a Tender

Status changed to complete
29 Apr 2024, 20:00 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Awarded value £12,434,8571 contract exc. VAT

Bids received 1

Contracts signed 1latest 29 Sept 2023

Awarded to	Value	Date	Status
Lot 1 · Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)1 award
PROTECTOR INSURANCE (UK)	£12,434,857 †	—	Awarded

1 further award records carry no date or value.

Contracts

Leasehold Properties (exc LPS Blocks, Colne House, Mersea House) · PROTECTOR INSURANCE (UK)
Signed
29 Sept 2023
Value
£12,434,857
Status
active

Bid statistics published by the authority

Lot	Bids	SME	VCSE	Valid bid range
1 · Leasehold Properties (exc LPS Blocks, Colne House, Mersea House)	1bids · 1 electronic · 1 from abroad	—	—	—

Contracting authority & participating public bodies

London Borough of Barking and Dagenham

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Town Hall Square, 1 Clockhouse Avenue, Barking, London, IG11 7LUContact email, phone Published organisation website ↗

Dispute resolution & review bodies

High CourtReview body London
The High CourtReview body London

Bidders & participating suppliers

1 commercial party on the notice

Protector InsuranceAwarded supplierFC033034 3 Hardman Street, Manchester, London, M3 3HF

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Economic and financial selection criteriatenderEconomic and financial selection criteria
Technical selection criteriatenderTechnical selection criteria