Decision - Residential Leasehold Buildings Insurance Tender
Decision maker
Strategy, Finance & City Regeneration Committee
Report author
Caroline Hayes
Published
25 Jul 2023
Reference
6994
As published
the council's own words, uneditedTender for Buildings Insurance for Residential Leasehold Properties 2024/25
That Strategy, Finance & City Regeneration Committee: 1) grants delegated authority to the Executive Director Governance, Finance & Resources to procure a contract for buildings insurance for residential leasehold properties. 2) grants delegated authority to Executive Director for Governance, Finance & Resources to grant an extension to the contract.
Parsed from the document
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Brighton & Hove City Council must procure buildings insurance for residential leasehold properties because the current arrangements expire on 31 March 2024. The report seeks delegated authority to procure a three-year contract, with a possible two-year extension, while consulting leaseholders.
Recommendation
Grant delegated authority to the Executive Director for Governance, Finance & Resources to procure a buildings insurance contract for residential leasehold properties and to grant an extension to the contract.
Financial impact
The residential leasehold insurance premium for 2023/24 is £0.734 million, passed to residential leaseholders through service charges.
Ward affected
city-wide
Decision maker
Strategy, Finance & City Regeneration Committee
Date in document
13 Jul 2023
Stakeholders named
parsed
Residential leaseholdersBrighton & Hove City Council
Next steps
parsed- Procure a buildings insurance contract for residential leasehold properties with effect from 1 April 2024.
- Begin the first 35-40 day leaseholder consultation on 31 July 2023 before tendering.
- Conduct a second 35-40 day consultation after bids are returned and the preferred candidate and likely costs are known.
Precedents
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