Award

Provision of Insurance and Related Services to Local Space

LOCAL SPACE

This public procurement record has 1 release in its history.

Award

11 Jul 2020 at 13:30

Award Notice
Summary of the contracting process

The procurement process involved the buying organisation, Local Space, which is located in London, United Kingdom. The contract titled "Provision of Insurance and Related Services to Local Space" focused on financial and insurance services, specifically covering property and legal liability risks. This procurement was conducted through a selective method and is currently in the award stage, having ended on 5th February 2020. The contract, valued at £700,000, began on 9th February 2020 and is set to conclude on 9th January 2023.

This tender presents significant opportunities for business growth, particularly for providers of insurance and related services. Businesses specialising in financial risk management, legal liability coverage, and related areas would be well-suited to compete. The successful supplier for this contract is A J Gallagher, a large-scale entity in the insurance sector. Given the high value of the contract, companies that can demonstrate expertise and innovation in delivering insurance solutions may find attractive avenues to expand their services within this competitive landscape.

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Notice Information

Notice Title

Provision of Insurance and Related Services to Local Space

Notice Description

Insurance and related services for Property, legal liability and other general (non-life)insurable risks, as required by Local Space

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7868c6f6-526c-429d-b60d-64b166a0d93d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/64d07ece-93dc-44d8-bd63-e98880719d66
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
VCSE
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
£700,000 £500K-£1M
Lots Value
Not specified
Awards Value
£700,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jul 20205 years ago
Submission Deadline
5 Feb 2020Expired
Future Notice Date
Not specified
Award Date
5 Feb 20206 years ago
Contract Period
9 Feb 2020 - 9 Jan 2023 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
LOCAL SPACE
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
E15 4BZ
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

A J GALLAGHER

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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