Councillor Evelyn Akoto, having declared declared a disclosable pecuniary interest in respect this item as a leaseholder, did not participate in the discussion on this item.
RESOLVED:
Decision of the Cabinet
1. That the procurement strategy outlined in the report to undertake a procurement in line with the Public Contract Regulations 2015 (PCR) for the leasehold and ancillary properties buildings insurance contract (including a separate claims handling service) for a period of three years commencing 1 April 2022, with an option to extend for two twelve month extensions, making a total estimated contract value of up to £25.57m be approved. The estimated total contract value is up to £5.1m per annum (including insurance premium tax at 12%).
Decision of the Leader of the Council
2. That authority be delegated to the cabinet member for housing to award the contract for the reasons set out in paragraph 12 of the report.