Tender Summary

Property Insurance Quotations in respect of LeaseholdRight to Buy Properties, Domestic Leasehold Properties and Seaside CommunityHomes excluding Broker Services

Buying Organisation

Brighton & Hove City Council

Contract Value

£3,150,000

Tender Description

Brighton & Hove City Council invites bids for the provision of its property insurance in respect of private dwellings sold on aleasehold basis; the majority of these were under the Right To Buy (RTB) legislation. The dwellings are fl ats in blocks and fl ats inhouses (maisonettes) where the Council still retain the freehold ownership and the leases state that the Council, as theFreeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the ServiceCharge. Other fl ats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover forthese fl ats is not required.
Property insurance is also required for those properties in the ownership of Brighton & Hove Seaside Community Homes, acharity with whom the Council has 100% nomination rights.
Three portfolios of properties make up this Tender all of which are included under the same lot, however three separate policieswill be required from the successful bidder.
Leasehold Right to Buy Properties and Domestic Leasehold Properties (Formerly known as Domestic Leasehold Flats)
The Leasehold Right to Buy Properties policy is currently written on a sum insured basis as is the Domestic Leasehold Propertiespolicy. The Council are seeking tender submissions for two separate policies, which will be awarded jointly and cover willcommence at 00.01 on the 1st April 2024

Tender categories (products & services required)

Financial and insurance services (CPV 66000000)

Region

South East (UKJ)

Buyer Information