Issue details

Award of Leasehold Buildings Insurance Contract

Award of contract to successful bidder for the provision of buildings insurance on behalf of Right To Buy (RTB) and residential leaseholders, including shared owners, in accordance with the obligations of the Council within the lease agreements. The anticipated full contract spend is in the region of £3m.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: For Determination

Notice of proposed decision first published: 19/10/2022

Anticipated restriction: Part exempt  - View reasons

Decision due: Not before 23rd Feb 2023 by Statutory Section 151 Officer Finance

Lead member: Cabinet Member for Finance & Transformation

Lead director: Managing Director oneSource

Contact: Paula McLoughlin, Principal Risk & Insurance Manager Email: Tel: 01708 432116.

Consultation process

Leaseholders/shared owners will be consulted as part of a two stage process under the Notice of Intention to Enter into Qualifying Long-Term Agreements, given under Section 20 of the Landlord and Tenant Act 1985 (as amended by the Commonhold and Leasehold Reform Act 2002) and Schedule 2 of the Service Charges (Consultation Requirements) (England) Regulations 2003, before the contract award decision. Stage 1 was completed prior to publishing the Invitation to Tender.


All relevant business partners in oneSource will be consulted.