Award

Property Insurance and Commercial Property Insurance

LONDON BOROUGH OF SUTTON

This public procurement record has 2 releases in its history.

Award

15 Apr 2025 at 17:27

Award Notice
Tender

07 Oct 2024 at 16:14

Tender Notice
Summary of the contracting process

The London Borough of Sutton, on behalf of the Royal Borough of Kingston upon Thames and the London Borough of Merton, has managed a public procurement process for Property Insurance and Commercial Property Insurance, classified under the Financial and insurance services category (CPV code 66000000). The procurement was conducted using an open procedure and includes four lots: Lot 1 covers property insurance for all three boroughs, Lot 2 for commercial property insurance in Sutton, Lot 3 for Kingston upon Thames, and Lot 4 for Merton. The contract, with a total value of GBP 12,750,000, spans three years from 1 April 2025 to 31 March 2028, with an option to extend for another two years. Key deadlines included the end of the tender period on 29 November 2024 and the award date on 11 March 2025.

This tender provides significant opportunities for businesses in the insurance sector to establish or expand their presence in the public sector by offering specialised services. Companies like Protector Forsikring ASA and Zurich Municipal, who have been awarded specific lots, illustrate the competitive landscape and the potential for both large insurance firms and specialist providers to secure high-value contracts. Businesses with experience in managing comprehensive property insurance portfolios for public entities will be particularly well-suited to compete in this procurement process, driving business growth through strategic public partnerships.

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Notice Information

Notice Title

Property Insurance and Commercial Property Insurance

Notice Description

Property Insurance and Commercial Property Insurance for the London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. There are four lots and bidders can apply for all lots. Lot 1 Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. Lot 2 Commercial Property Insurance for the London Borough of Sutton Lot 3 Commercial Property Insurance for the Royal Borough of Kingston upon Thames Lot 4 Commercial Property Insurance for the London Borough of Merton The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. Additional information: This procurement is managed by the London Borough of Sutton on behalf of the Royal Borough of Kingston upon Thames and the London Borough of Merton. There are four lots and bidders can apply for all lots. FTS notice published reference 2024/S 000-032141 Lot 1 Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. Lot 2 Commercial Property Insurance for the London Borough of Sutton Lot 3 Commercial Property Insurance for the Royal Borough of Kingston upon Thames Lot 4 Commercial Property Insurance for the London Borough of Merton

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00494784-1b6b-4e67-8112-60c0e4c9c0f6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24118285-6376-409e-abe4-56da16795f28
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£12,750,000 £10M-£100M
Lots Value
Not specified
Awards Value
£2,136,613 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 202510 months ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
11 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF SUTTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
2
Supplier Names

PROTECTOR FORSIKRING

ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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