Official UK procurement notice
Provision of Insurance Services for Leasehold Right to Buy Property (excluding provision of insurance broker service)
Authority: London Borough of Hackney (Local council)
What is being bought
Published requirement descriptionThe London Borough was seeking tender submissions for annual insurance cover commencing from 1 April 2021 under a long term agreement (LTA) for a minimum period of 3 years with option to extend for a further 2 years at the authority's sole discretion.
CPV: Insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Property insurance in respect of leasehold right to buy comprising material damage…Awarded
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 and property owner liability insurance.
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).
Published sub-criteria (2)
- Quality Criteria: 35%
- price: 65%
Published award criteria (2)
- Quality Criteria: 35%
- Price: 65%
- 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
- Unspecified in notice
- First published
- 21 Mar 2021, 19:46 GMT
- Last source update
- 21 Mar 2021, 19:46 GMT
- Authority reference
DN490819- FTS notice number
2021/S 000-005703- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-029db8Find a Tender
- Review procedure
High Court of Justice the Strand WC2A 2LL.
The review procedure as set out in the Public Contract Regulation 2015. Proceeding under the Public Contract Regulation 2015 are time limited and ay such proceeding must be brought to the High Court England and Wales.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Oaso SA | £2,269,444 † | — | Awarded |
Contracts
Contract 005703-2021-DN490819-1 · Oaso SA
- Signed
- 26 Feb 2021
- Value
- £2,269,444
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids · 4 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of JusticeMediation body
Bidders & participating suppliers
1 commercial party on the notice- Oaso SAAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.