Contract award record
Leasehold and Ancillary Properties Building Insurance
Tender value £18,000,000
Notice details
- Published
- Category
- services
- Buyer region
- London
- Source
- View official notice
Public buyer and contract winner
Award value£21,000,000
- AwardedCompleted
- StartCompleted
- EndCompleted
Work description
The leaseholders and ancillary properties buildings insurance contract relates to flats and maisonettes sold by the council under long lease terms. There are three separate policies within the contract covering:
• The main policy where flats have been sold (under the Right to Buy scheme or through other disposals e.g. auction sales, social home buy) • A policy to insure under-leased blocks on a comprehensive basis (there are currently three) • A much smaller policy relating to mortgaged housing properties - currently 1 property - where the council is still providing a mortgage