TenderlineUK
Procurement Intelligence
Search
Find a TenderAwarded
Published 10 Sept 2021, 11:46 BST

Official UK procurement notice

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

Official notice

Authority: London Borough of Hackney (Local council)·Consortium: 2 public authorities

ServicesOpen procedureSME suitable
Sectors: Financial and insurance services (66) Delivery: UK
Published estimate£13,000,000≈ £4.3m / year
Submissions closed 14 Oct 2021awarded 22 Feb 2022
Awarded to Avid Insurance Services Limited
Contract term 3 yrsends 31 Mar 2025 · extension options published · starts 1 Apr 2022

What is being bought

Published requirement description

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.

CPV: Damage or loss insurance services · Insurance services · Property insurance services

The lotProcurement structure

single lot · value published
Lot #1Property insurance in respect of leasehold right to buy comprising material damage…AwardedRenewal 3 yrsPublished value£13,000,000

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 period: 1 Apr 2022 – 31 Mar 2025 (3 yrs)
Delivery: UK
Extensions: There is an option to extend for a further 24 months. · The contract duration in months is 36 months. At the end of the 36 months period there will be an option to extend up to a further 24 months.Variant bids: allowed
66515000 Damage or loss insurance services66515200 Property insurance services

What it takes to win
i

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 more
How bids were scored
Quality: 35%Price: 65%
Published award criteria (2)
  • Price: 65%
  • Quality: 35%
What this means for your bid
  • 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
Unspecified in notice
Recurring procurement
Yes
First published
10 Sept 2021, 11:46 BST
Last source update
10 Mar 2022, 12:12 GMT
Award evaluation window
14 Oct 2021 – …
Authority reference
DN567090
FTS notice number
2022/S 000-006574
Classification (CPV)
Damage or loss insurance servicesInsurance servicesProperty insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02df69 Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment
Review and risk notes
Review procedure

The Review Procedure as set out in the Public Contract Regulations 2015. Proceeding under the Public Contract Regulations 2015 are time limited and any such proceeding must be brought to the High Court of England and Wales.

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Submission deadline
14 Oct 2021, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
14 Oct 2021, 12:00 BST
Detailed submission instructions & authority contactsFrom official release

procontract.due-north.com/Advert/Index ↗

Timeline

14 Oct 2021 → 1 Apr 2022 · 5 dates
  1. Submission deadline
    14 Oct 2021, 12:00 BST
  2. Bids opened
    14 Oct 2021, 12:00 BST
  3. Notice published
    10 Mar 2022, 12:12 GMT
  4. Contract starts
    1 Apr 2022, 00:00 BST
  5. Bids must remain valid until
    1 Apr 2022, 23:59 BST

Notice history

2 events · 2 releases on Find a Tender · since 10 Mar 2022
  1. Status changed to complete
    10 Mar 2022, 12:12 GMT
  2. Buyer details updated
    10 Mar 2022, 12:12 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £2,614,3841 contract exc. VAT
Bids received 31 from SMEs
Contracts signed 1latest 22 Feb 2022
Awarded toValueDateStatus
Avid Insurance Services Limited£2,614,384 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids · 3 electronic · 3 from abroad1——

Contracting authority & participating public bodies

2 public bodies on the notice

London Borough of Hackney

Contracting authorityLocal CouncilRegional or local authorityGeneral public services The Annexe, 2 Hillman Street, Hackney, UK, E8 1DYContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

  • High Court of JusticeMediation body LondonContact email, phone

Bidders & participating suppliers

1 commercial party on the notice
  • Avid Insurance ServiceAwarded supplier04885807 20 St Dunstans Hill, London, UK, EC39 8HLContact email, phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.