Award

Insurance brokerage and related services

POST OFFICE

This public procurement record has 1 release in its history.

Award

13 Feb 2025 at 12:25

Award Notice
Summary of the contracting process

The Post Office has completed a public procurement process for the provision of insurance brokerage and related services, classified under the financial and insurance services category. The procurement was conducted via a competitive quotation method below the threshold and covered services to be delivered within the United Kingdom. The process has reached the award stage with the award notice published on 13th February 2025. The contract, valued at £180,000, will commence on 1st December 2024 and run until 1st June 2026.

This tender offers significant opportunities for businesses specialising in financial and insurance services, particularly large-scale insurance brokerage firms. Although this specific tender has been awarded to Lockton Companies LLP, such contracts can provide avenues for business growth through long-term service provision to large clients like the Post Office. Businesses adept in delivering comprehensive insurance solutions on a large scale would be well-suited to compete for similar future opportunities.

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Notice Information

Notice Title

Insurance brokerage and related services

Notice Description

Provision of Insurance brokerage and related services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-54e0a48b-1cea-4d44-8879-f563f6933874
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8a7b1751-7d09-4264-955b-f794fb5d2316
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£180,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
1 Nov 20241 years ago
Contract Period
1 Dec 2024 - 1 Jun 2026 1-2 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
POST OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2V 7ER
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
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LOCKTON COMPANIES

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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