Insurance Tender - Leasehold Buildings Lot 9 Awards 2024-2029

Award

Value

£14,832,860

Classifications

  • Insurance services

Tags

  • award
  • contract

Published

1 year ago

Description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender -  Leasehold Buildings Lot
9 Award 2024-2029 contracts to Protector Insurance (Company No: FC033034) for the delivery of  Leasehold Buildings insurance.
The tender was carried out using the Open procedure using the Council’s capitalEsourcing portal. The
Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of
February 2024.
The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by
the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This
ensures the Councils’ assets are adequately insured and not subject to under-insurance.

Documents

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  • Contract Agreement

    The official contract terms, conditions, and scopes of work.

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  • Award Notice

    Details on the tender award and selected suppliers.

    Download

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The objective of this procurement is to procure the key insurance coverage requirements of the council(s), including procurement of statutory inspections. This tender is for Insurance Services (Excluding Brokerage Services). The three councils (Boston Borough Council, East Lindsey District Council, and South Holland District Council) covered under this procurement work together as “The South & East Lincolnshire Council Partnership (SELCP)”, which is the largest Council partnership in the country and, whilst they are distinct separate legal entities, their close working partnership means they can make a greater impact and bring efficiencies in tackling wider common challenges; In many cases, section 113 agreements exist between the councils where one council will employ a member of staff and these costs are then recharged proportionately across other authorities. As such, we are looking to procure both those requirements where a separate risk profile exists and join those requirements where there is some commonality and in particular due to the cross-over of roles and responsibilities between the parties. As all three councils are separate legal entities, there is a requirement that for those Lots where we are looking to procure the three authorities’ requirements under one Lot, the successful bidders have in place a process where, if separate policies are not issued, then costs can be apportioned to each authority in its own right.

Katy Reed

Published 6 days ago

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