Award

Title: London Museum Insurance Coverage and Associated Services

LONDON MUSEUM

This public procurement record has 1 release in its history.

Award

20 Dec 2024 at 15:00

Award Notice
Summary of the contracting process

The London Museum has concluded a procurement process for Insurance Coverage and Associated Services, which falls under the industry category of insurance services (CPV code 66510000). The procurement process, using an open procedure method, covered six lots: Property, Terrorism, Combined Liability, Motor Fleet, PA Travel, and Engineering. The contract was awarded on 29th November 2024 and is valued at £454,146. The services will be provided in London, with the contract period starting on 1st December 2024 and ending on 30th November 2027.

This award presents a significant growth opportunity for businesses specialising in insurance services, particularly those with expertise in the specified lots. Small and medium-sized enterprises (SMEs) may find this tender especially appealing, as the London Museum has indicated suitability for SMEs. The awarded suppliers include large-scale firms such as Aviva Insurance Limited, Risk Management Partners, and British Engineering Services, suggesting a competitive environment ideal for well-established businesses looking to expand their portfolios within the insurance sector.

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Notice Information

Notice Title

Title: London Museum Insurance Coverage and Associated Services

Notice Description

Award for Insurance Coverage and Associated Services (not including broking services). The Services have been divided into Lots as follows: Lot 1.Property 2.Terrorism 3.Combined Liability 4.Motor Fleet 5.PA Travel 6.Engineering

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-36ec5544-d1e1-4ce3-83ea-943b8f1769f1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cd4fcc26-aad8-464d-b6b0-c937a77e38de
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£454,146 £100K-£500K
Lots Value
Not specified
Awards Value
£454,146 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20241 years ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
29 Nov 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2027 2-3 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 MUSEUM
Contact Name
Not specified
Contact Email
procurement@museumoflondon.org.uk
Contact Phone
+442078145519

Buyer Location

Locality
LONDON
Postcode
EC2Y 5HN
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Aldersgate
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
3
Supplier Names

AVIVA INSURANCE

BRITISH ENGINEERING SERVICES

RISK MANAGEMENT PARTNERS

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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