URL: https://sandwell.moderngov.co.uk/ieDecisionDetails.aspx?ID=1103

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

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.

Date of Decision: July 30, 2025