totaltenders

Tender Summary

SPS 2736 - Leasehold (RTB) Properties Insurance

Buying Organisation

Royal Borough of Greenwich

Contract Value

£9,300,000

Suitable for SMEs

Yes

Suitable for VCSEs

Yes

Tender Description

The Council invites bids for the provision of property insurance in respect of private dwellings sold on a leasehold basis under the Right to Buy (RTB) Legislation. The dwellings are flats in blocks and flats in houses (maisonettes) where the Contracting Authority still retain the freehold ownership and the leases state that the Contracting Authority, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge.

The Contract Period is initially for a period of 3 years although the Council reserves the right to extend the Contract on the same terms for a further 2 periods of 12 months (3 + 1 + 1) making a total possible Contract Period of 5 years.