Awarded contract

Insurance Tender - Residential Leasehold Buildings Lot 2 Awards 2024-2029

Details

Value
£14,832,860
Duration
5 years
Topic
Insurance services
Published
18 April 2024

Tender description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Residential Leasehold Buildings Lot 2 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Residential Leasehold Buildings insurance. The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance.

Timeline

  1. Completed: Award date1 April 2024
  2. Completed: Award published18 April 2024
    Current notice
  3. Next: Contract expiry date2 April 2029in 2 years

About the buyer

capitalEsourcing is the eSourcing and contract management service of Westminster City Council, a local government organisation. The procurement team, contract managers and suppliers run live contracts in the same system, with deadline alerts and KPI scorecards.

Over the past 5 years, most of capitalEsourcing's contract awards have been in business services.

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