Leaseholder Building Insurance Policy

What the buyer is asking for

NOTE: This tender is for Insurers Participation only, Brokers are not allowed to participate in the ITT. Reading Borough Council (RBC) is seeking to procure a Third-Party Property Insurance Policy for leasehold residential properties where the Council retains the freehold interest, primarily properties sold under the Right to Buy (RTB) scheme. This will be a new standalone contract and will establish a long-term insurance arrangement to ensure that leaseholders have access to appropriate buildings insurance cover in accordance with the Council's obligations as freeholder and landlord. The requirement covers: • 229 leasehold properties sold under the Right to Buy scheme. • 13 Shared Ownership houses. • 1 mortgaged property at St Elizabeth Close. • 16 detached garages leased to RTB leaseholders. The property portfolio consists predominantly of flats within blocks and maisonettes where the Council retains the freehold ownership. In many cases, the lease agreement requires the Council, as Freeholder, to arrange buildings insurance on behalf of leaseholders and recover the associated premium through the service charge mechanism. Properties remaining within the Council's housing stock are covered separately and are excluded from this procurement. A detailed property schedule has been prepared and includes information such as construction type, age of property, number of storeys and tenancy/subletting details where available. The procurement is required to ensure that the Council continues to meet its legal and contractual obligations as freeholder by arranging suitable buildings insurance cover for leaseholders where required under the terms of the lease. The contract will: • Provide appropriate third-party Property insurance protection for leasehold properties where the Council retains the freehold. • Mitigate potential financial exposure arising from claims against the Council as freeholder. • Ensure compliance with lease obligations and landlord responsibilities where insurance arrangements are required. • Provide a transparent and consistent insurance arrangement for affected leaseholders. • Support effective risk management across the Council's housing portfolio. As the proposed contract constitutes a Qualifying Long-Term Agreement (QLTA), the Council is required to consult affected leaseholders in accordance with Section 20 of the Landlord and Tenant Act 1985 prior to entering into the agreement.

How this is scored

Published by the buyer. A winning response is written to these weightings, not to the question.

• 70%pricePriceThe total cost including IPT
• 30%qualityQuality Questions (3 sets)Details available in the ITT document

What you must already have

Conditions of participation. These are pass or fail, so check them before writing anything.

• economic

  Refer to the ITT documents. NOTE: This tender is for Insurers Participation only, Brokers are not allowed to participate in the ITT.

• technical

  Refer to the ITT documents. MUST be an Insurer and not an Insurance Broker

How contested is this?

Buyers publish how many bids they received. Across 96 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.

Timeline

3 published dates · Europe/London

1. Tender notice published22 days ago

   16 Oct 2026, 08:47 BST
2. Submission deadlinein 19 days

   25 Nov 2026, 12:00 GMT
3. Award decision expected byin 87 days

   1 Feb 2027, 23:59 GMT

Commercial outcome and contract awards

Nothing awarded yet

Notice history

2 events · 2 releases on Find a Tender

1. Tender notice12 Oct 2026, 12:00 BST096018-2026
2. Tender updated16 Oct 2026, 08:47 BST097706-2026

Documents

• biddingDocuments
• Tender notice on Find a Tender