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Official procurement procedure

Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21

Damage or loss insurance services
Insurance services
Property insurance services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Borough of Hackney: "Provision of Insurance Services for Leasehold Right to Buy Property (exclude, provision of insurance broker service). 1/9/21". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLondon Borough of HackneyScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: London Borough of Hackney
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Borough of Hackney. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
3Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 1 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLondon Borough of Hackney
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published10 Mar 2022, 12:12 GMT
Last source update10 Mar 2022, 12:12 GMT
Recurring procurementNot published
ClassificationDamage or loss insurance services, Insurance services, Property insurance services
Delivery area
UK
OCIDocds-h6vhtk-02df69
What is being bought
The provision of property insurance in respect of private dwelling sold by the London Borough of Hackney on a leasehold shared ownership or managed property basis. The contract start date 1st April 2022 - contract duration of 36 months plus a option to extend for 24 months.
What changed
From the official release history
  1. tender value changed
    10 Mar 2022, 12:12 GMT
  2. Status changed to complete
    10 Mar 2022, 12:12 GMT
  3. Official notice release published
    10 Mar 2022, 12:12 GMT
  4. Submission deadline changed to published date
    10 Mar 2022, 12:12 GMT
  5. Buyer information updated
    10 Mar 2022, 12:12 GMT
  6. Published value updated to £13,000,000
    10 Sept 2021, 11:46 BST
  7. Status changed to active
    10 Sept 2021, 11:46 BST
  8. Official notice release published
    10 Sept 2021, 11:46 BST
  9. Submission deadline changed to 14 Oct 2021, 12:00 BST
    10 Sept 2021, 11:46 BST
  10. Buyer information updated
    10 Sept 2021, 11:46 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Property insurance in respect of leasehold right to buy comprising material damage (perils as specified within the Invitation to Tender) business interruption to include loss of rental income and/ or alternative accommodation cost and property owners liability insurance. (Exclude Booker Services).
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    10 Mar 2022, 12:12 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 22 Feb 2022, 00:00 GMT · £2,614,384
Commercial outcome and competition
Awards
Avid Insurance Service
Not published · Not published · active
Contracts
Contract
£2,614,384 · signed 22 Feb 2022, 00:00 GMT · active
Bid statistics
bids: 3 (lot 1)
electronicBids: 3 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 3 (lot 1)
smeBids: 1 (lot 1)
Buyer and organisations in this procedure

London Borough of Hackney

Contracting authority GB-FTS-46529
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published