Decision details
Confirmation and Award of Final Contract for Leasehold Property Insurance
Decision Maker: Corporate Director of Residents and Housing Services
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Authority to award the leasehold property insurance contract following the initial interim authority to award and subsequent observation of the statutory Section 20 Landlord and Tenant Act 1985, Stage 2 Notice.
Decision:
That the Corporate Director Resident Services, in consultation with the Cabinet Member for Housing, Homelessness and Renters Security:
i) Approves the final award of contract for Leasehold Property Insurance to Arthur J. Gallagher Insurance Brokers Ltd in the sum of £1,244,935.38 in the first contract year and £4,979,741.52 for a further period of four years, making a total of £6,224,676.90 over the contract period.
Reasons for the decision:
As detailed within the accompanying report.
Alternative options considered:
As detailed within the accompanying report.
Interests and Nature of Interests Declared:
None.
Reason Key: Signficant expenditure/savings of £500k or more;
Wards Affected: (All Wards);
Cabinet/Committee Decision or Scheme of Delegation: Officer scheme of delegation
Parties Consulted: As detailed within the accompanying report.
Contact: Kate Daine, Head of Housing and Neighbourhoods Email: Kate.Daine@brent.gov.uk.
Publication date: 24/10/2023
Date of decision: 20/10/2023
Effective from: 01/11/2023
Accompanying Documents:
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