RFP QuestBeta
Awarded · ResultStage · contract

Reading Borough Council

Property Insurance - Leasehold Flats and Mortgaged Properties

Financial ServicesCPV 66000000 66500000 66510000 66515000
Value£35k
Awarded22 Nov 2019
Published14 Oct 2019
RegionSouth East
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£35ktotal contract value
median £150k
this tender£0£4.7m

This sits below the typical range for Financial & Insurance Services contracts — a smaller, more accessible award. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

Reading Borough Council invites bids for the provision of its property insurance in respect of private dwellings sold on a leasehold basis, the majority of these were under the Right To Buy (RTB) legislation Housing Act 1985.

The dwellings are flats in blocks and flats in houses (maisonettes) where the Council still retain the freehold ownership and the leases state that the Council, as the Freeholder, will arrange the buildings insurance on behalf of the Leaseholder and recharge the premium as part of the Service Charge.

Other flats in some blocks have not been sold (Council tenanted) and are separately insured so insurance cover for these flats are not required.

In addition There are 4 Shared Ownership Houses (5 Dee Road, 8 Dover Street, 57 Field Road, 12 Norwich Drive) which have different leases, plus one Mortgaged property (1 St Elizabeth Close).

There are 9 Shared Ownership Houses (in Field Rd & Garnet Hill).

These are identified on the schedule.

17 detached garages that are leased to RTB leaseholders are included in the schedule.

There are no freehold properties.

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Source & provenance
OCID
13aa72c0-b072-4aa4-8e3a-d95280f00453
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
RBC 00000674
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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