Source: https://tendernation.io/opportunities/01a13c0c-db15-729b-9008-da5b76a0bb3b/tenants-contents-insurance-scheme-for-the-london-borough-of-hillingdon awarded GB open procedure Suitable for SMEs # Tenants Contents Insurance Scheme for the London Borough of Hillingdon [London Borough of Hillingdon](https://tendernation.io/buyers/london-borough-of-hillingdon) Estimated value £320,000 Published 5 Apr 2018 Deadline Closed 10 Jan 2018 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender The London Borough of Hillingdon (the Council) is seeking to appoint a sole supplier for the provision of its Tenants Contents Insurance Scheme. The proposed new contract will be for 3 years, from 1st April 2018 with the option to extend for a further 2 years beyond the initial contact term. The current contract expires on 31st March 2018. The Tenants Contents Scheme is an insurance product for Hillingdon's tenants who find themselves financially excluded from the mainstream home contents insurance market. Currently 812 tenants buy into the Tenants Contents Insurance Scheme, which is just under a 10% take-up rate. The scheme is not intended to rival individual contents policies offered by mainstream insurance providers and unlike these standard contents insurance policies, the Tenants Contents Insurance Scheme has minimal entry criteria, to ensure the scheme is as inclusive as is reasonably possible. The Tenants Contents Insurance Scheme has two significant features. The first is that, unlike mainstream policies which charge by monthly direct debt or an annual premium,tenants purchasing insurance through the Tenants Contents Scheme pay a weekly premium which is collected with the tenant's rent. Secondly, it offers tenants the ability to purchase cover for smaller sums insured than mainstream policies, with sums insured on the Tenants Contents Scheme starting as low as £5,000. The majority of mainstream policies provide minimum sums insured that exceed the requirements for these low income households. The value of this contract is estimated at £320k based on the premiums over a 5 year period. Additional information: The full suite of tender documents can be found the tender portal, [capitalesourcing.com](https://www.capitalesourcing.com) Read full description ## CPV classification Insurance services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/fdf95625-4a97-4289-9698-a2a5ddc6a465) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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