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Published 11 Sept 2023, 10:25 BST

Official UK procurement notice

Property Insurance: Leasehold Flats, Shared Ownership and Mortgaged Properties

Official notice

Authority: London Borough of Hackney (Local council)

ServicesOpen procedureSME suitable
Sectors: Financial and insurance services (66) Delivery: London (UKI41)
Awarded value£23,059,935published contract · exc. VAT
Submissions closed 16 Oct 2023awarded 1 Apr 2024
Awarded to PROTECTOR INSURANCE (UK)
Contract term 3 yrsends 31 Mar 2027 · extension options published · starts 1 Apr 2024

What is being bought

Published requirement description

Provision property insurance in respect of private dwellings sold on a leasehold basis, cover includes mortgaged properties and some shared ownership where the Council has agreed to continue the insurance arrangements.

CPV: Insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1AwardedRenewal 3 yrs
Contract period: 1 Apr 2024 – 31 Mar 2027 (3 yrs)
Delivery: London
Extensions: At the discretion of the council, there shall be an option to extend this contract for up to 24 months.Variant bids: not allowed

What it takes to win
i

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
Quality: 30%Price: 65%Social value: 5%
Published sub-criteria (5)
  • Assessment of Policy Cover: 15%
  • Claims Service: 10%
  • Added Value and Innovation: 5%
  • Price for Insurance Cover: 65%
  • Social Value: 5%
Published award criteria (5)
  • Assessment of Policy Cover: 15%
  • Claims Service: 10%
  • Added Value and Innovation: 5%
  • Social Value: 5%
  • Price for Insurance Cover: 65%
What this means for your bid
  • Price carries 65 of 100 points: a 10% discount moves about 6.5 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
Yes
First published
11 Sept 2023, 10:25 BST
Last source update
29 May 2024, 11:25 BST
Award evaluation window
16 Oct 2023 – …
Authority reference
DN688626
FTS notice number
2024/S 000-016715
Classification (CPV)
Insurance services
Delivery area
London (UKI41)
Official registry OCID
ocds-h6vhtk-03fb9c Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Submission deadline
16 Oct 2023, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bid validity
180 days from the deadline
Bids opened
16 Oct 2023, 12:00 BST
Detailed submission instructions & authority contactsFrom official release

procontract.due-north.com/Advert/Index ↗

Timeline

16 Oct 2023 → 29 May 2024 · 4 dates
  1. Submission deadline
    16 Oct 2023, 12:00 BST
  2. Bids opened
    16 Oct 2023, 12:00 BST
  3. Contract starts
    1 Apr 2024, 00:00 BST
  4. Notice published
    29 May 2024, 11:25 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    29 May 2024, 11:25 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £23,059,9351 contract exc. VAT
Bids received 21 from SMEs
Contracts signed 1latest 1 Apr 2024
Awarded toValueDateStatus
PROTECTOR INSURANCE (UK)£23,059,935 †—Awarded

Contracts

  • Contract 016715-2024-1-1 · PROTECTOR INSURANCE (UK)

    Signed
    1 Apr 2024
    Value
    £23,059,935
    Period
    … – 31 Mar 2027
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids · 2 electronic1——

Contracting authority & participating public bodies

London Borough of Hackney

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Hackney Service Centre, 1 Hillman Street, Hackney, London, E8 1DYContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Royal Courts of JusticeReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Protector InsuranceAwarded supplier 7th Floor 3 Hardman Street, Manchester, London, M3 3HFContact email, phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.