Purpose

Procurement of an insurance policy for
leasehold right to buy flats to ensure leaseholders property is
insured.

Content

Resolved:-
 
(1) 
that delegated authority is given to the Executive Director for
Finance and Transformation in consultation with the Cabinet Member
for Finance and Resources to award a Long-Term Agreement for
insurance cover for sold leasehold flats;

 
(2) 
that approval is given to an exemption under rule 8.10 of the
Procurement and Contract Procedure Rules 2024 (or subsequent
amendments) to allow a contract to be awarded to the successful
tenderer if the required minimum number of three tenders are not
received;
 
(3) 
that approval is given to any variations to the Contract/ Long-Term
Agreement up to a maximum of 10% of the Contract value, should they
be necessitated.