Award

Provision of Surety Bonds

MINISTRY OF JUSTICE.

This public procurement record has 5 releases in its history.

AwardUpdate

08 Oct 2019 at 09:37

AwardUpdate

08 Oct 2019 at 09:26

AwardUpdate

03 Oct 2019 at 07:59

AwardUpdate

03 Oct 2019 at 07:57

Award

03 Oct 2019 at 07:49

Summary of the contracting process

The procurement process titled "Provision of Surety Bonds" was initiated by the Ministry of Justice, located at 1st Floor, 5 Wellington Place, Leeds, LS1 4AP, England. This open tender, classified under the CPV code for financial and insurance services, has a total contract value of £27,000,000 and covers the performance of deputies appointed by the Court of Protection. The contract duration is for four years, with options for an extension of up to 24 months. The tender period ended on June 23, 2016, and the contract began on October 1, 2016, running until September 30, 2020.

This tender presents significant opportunities for businesses in the financial services sector, particularly those offering surety bonds and related services. Small and medium enterprises (SMEs) are particularly encouraged to participate in this procurement as it caters to their involvement. Competitors may also include larger firms with a strong footprint in the insurance domain. Companies looking to secure contracts with the Ministry of Justice will benefit from exploring this opportunity to expand their business offerings.

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Notice Title

Provision of Surety Bonds

Notice Description

Provision of Surety Bonds covering the performance of deputies appointed by the Court of Protection. Contract on behalf of the Office of the Public Guardian (OPG). Additional information: Duration 4 years Extension Options Up to 24 months

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-76d2b4a0-720f-4f4f-a365-140535f59344
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dcce4e41-540b-4288-9ec8-62619fb42206
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 (above threshold)
Tender Suitability
SME
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
£2,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
£27,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Oct 20196 years ago
Submission Deadline
23 Jun 2016Expired
Future Notice Date
Not specified
Award Date
26 Jul 20169 years ago
Contract Period
30 Sep 2016 - 30 Sep 2020 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MINISTRY OF JUSTICE.
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4AP
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

HOWDEN UK GROUP

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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