Decision details

Contract for the Insurance of Leasehold Flats (2023-2028)

Reference: D55478

Decision Maker: Director of Resources

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The terms of the lease between the Council and Leaseholders provides that the Council will arrange insurance of the fabric of the leased flat including fixtures and fittings and that the cost of such insurance will then be recharged by the Council to individual leaseholders proportionate to the value of the leased flat.

If no contract is awarded, leaseholders will be left with no insurance cover on the fabric, fixtures and fittings of leasehold flats and the Council will be in breach of its obligations under the terms of the lease.

Decision:

In accordance with the Council’s Contract Procedure Rules, the Director of Resources gave authority to undertake a procurement of a contract for the Insurance of Leasehold Flats

Reason Key: Financial Impact>£500K;

Wards Affected: (All Wards);

Other reasons / organisations consulted

Ongoing from May 2022

Consultees

Procurement & Commercial Services

Leaseholder Management Service

 

Contact: Matthew Southwell, Deputy Insurance Manager 0113 378 8711 Email: matthew.southwell@leeds.gov.uk.

Publication date: 18/07/2022

Date of decision: 26/07/2022

Effective from: 03/08/2022

Accompanying Documents: