Official UK procurement notice
Property Insurance of Leasehold Flats and Shared Ownership Properties excluding Broker Services
Authority: Wokingham Borough Council (Local council)
Sectors: Financial and insurance services (66) Delivery: South East (UKJ1)
Published estimate£575,000≈ £115k / year31.2% below published estimate
Submissions closed 23 Nov 2023awarded 19 Mar 2024
Awarded to Aspen Insurance UK Ltd
Contract term 5 yrsends 31 Mar 2029 · extension options published · starts 1 Apr 2024
What is being bought
Published requirement descriptionProvision of Buildings Insurance for Leasehold ‘Right to Buy’ and Shared Ownership properties.
CPV: Property insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1AwardedRenewal
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).
How bids were scored
Published award criteria (2)
- Quality: 30%
- Price: 70%
What this means for your bid
- Price carries 70 of 100 points: a 10% discount moves about 7 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
- 19 Oct 2023, 12:09 BST
- Last source update
- 19 Mar 2024, 16:35 GMT
- Award evaluation window
- 23 Nov 2023 – …
- Authority reference
DN695526- FTS notice number
2024/S 000-008912- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040d55Find a Tender
How it was run
Official noticeRun through: ProContract (Due North) · Who buys & how to bid on ProContract
Access & registration note: Free · short registration with manual review; public opportunity list
- Submission deadline
- 23 Nov 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 23 Nov 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release
Timeline
23 Nov 2023 → 1 Apr 2024 · 4 dates- Submission deadline23 Nov 2023, 12:00 GMT
- Bids opened23 Nov 2023, 12:00 GMT
- Notice published19 Mar 2024, 16:35 GMT
- Contract starts1 Apr 2024, 00:00 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete19 Mar 2024, 16:35 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecastAwards 1
Awarded value £395,7661 contract exc. VAT
Bids received 3
Contracts signed 1latest 19 Mar 2024
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Aspen Insurance UK Ltd | £395,766 † | — | Awarded |
Contracts
Contract 008912-2024-1 · Aspen Insurance UK Ltd
- Signed
- 19 Mar 2024
- Value
- £395,766
- Period
- … – 31 Mar 2029
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of Justice of England and WalesReview body
Bidders & participating suppliers
1 commercial party on the notice- Aspen Insurance UK LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.