Official UK procurement notice
Leasehold Property Insurance · UK public procurement notice
Authority: London Borough of Ealing (Local council)
What is being bought2 lots · detail below
Published requirement descriptionLeaseholder Property Insurance contract for a period of up to 6 years for residential properties including those sold under the Right to Buy Scheme (RTB), newbuild shared ownership, newbuild leasehold, and option to insure Broadway Living units
CPV: Damage or loss insurance services · Financial loss insurance services · Insurance services · Liability insurance services · Property insurance services · Weather and financial loss insurance services
Lots and requirements (2)Procurement structure
2 lots · all with a published value (£6,100,000 together) · same evaluation weights on every lotLot #1Leaseholder Property InsuranceRenewalPublished value£6,000,000
Lot #2Leasehold Property Insurance Broadway livingRenewalPublished value£100,000
Leaseholder Property Insurance contract for a period of up to 6 years for broadway living units
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 award criteria (2)
- Quality: 40
- Price: 60
- Suitability
List and brief description of conditions:
Please see procurement documents on the London Tenders Portal for detailed information
- Technical & professional ability
All Insurers must meet the Marsh minimum financial guidelines, being an interactive Standard and Poor’s (or equivalent) rating of A- or higher and the local currency equivalent of US$100 million in unencumbered policyholders’ surplus and / or approved by the Marsh Market Information Group. In the absence of an interactive Standard and Poors rating, companies with an interactive A.M. Best rating of A- or higher and the local currency equivalent of US$100 million in unencumbered policyholders’ surplus and / or approved by the Marsh Market Information Group. Otherwise their submission will be automatically rejected. Please note if the rating of the Insurer drops below the acceptable minimum standard during the life of the contract, the Contracting Authority can make alternative arrangements at their own discretion.
The Contacting Authority may obtain financial information through credit checks concerning the Bidders / Insurers. The Contracting Authority reserves the right to request further financial information from the Tenderer after the submission deadline.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 60 of 100 points: a 10% discount moves about 6 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
- Closed
- 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
- 13 Dec 2021, 10:56 GMT
- Last source update
- 13 Dec 2021, 10:56 GMT
- Award evaluation window
- 14 Jan 2022 – …
- Authority reference
DN586638- FTS notice number
2021/S 000-030919- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03003eFind a Tender
- Performance terms
Please see the procurement documents found on the London Tenders Portal
How it was run
Official notice- Submission deadline
- 14 Jan 2022, 09:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 14 Jan 2022, 09:00 GMT
Timeline
13 Dec 2021 → 14 Jan 2022 · 3 dates- Notice published13 Dec 2021, 10:56 GMT
- Submission deadline14 Jan 2022, 09:00 GMT
- Bids opened14 Jan 2022, 09:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court, Royal Courts of JusticeReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria