Award

Terrorism Insurance

LONDON BOROUGH OF SUTTON

This public procurement record has 1 release in its history.

Award

16 Apr 2025 at 13:22

Award Notice
Summary of the contracting process

The London Borough of Sutton has completed the procurement process for Terrorism Insurance, covering services for the London Boroughs of Sutton, Kingston upon Thames, and Merton. The contract, valued at £517,000, spans from 1 April 2025 to 31 March 2028, with an option to extend for an additional two years. The procurement process was conducted using an open procedure, suited for SMEs. The insurance services fall under the Financial and Insurance Services category, primarily related to material damage, business interruption, specified all risks, works in progress (all risks), and computing. Interested businesses were required to submit their tenders by 14 February 2025.

This tender presents significant growth opportunities for businesses within the financial and insurance services sector, particularly those specialising in comprehensive insurance coverage. SMEs that provide relevant services such as material damage, business interruption, and computing insurance would be ideal candidates for this contract. Furthermore, the requirement to pay the London Living Wage aligns with ethical business practices, potentially attracting socially responsible enterprises. Businesses involved in this tender can expand their portfolio and strengthen their market presence by engaging with public sector contracts.

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Notice Information

Notice Title

Terrorism Insurance

Notice Description

This tender is to procure Terrorism Insurance for London Borough of Sutton, Royal Borough of Kingston upon Thames and London Borough of Merton. It covers Material Damage, Business Interruption, Specified All Risks, Works In Progress (All Risks), Computer. 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. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered. More information is available in the tender documents available via the London Tender Portal reference DN757429. https://www.londontenders.org/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-971d7c05-1ddc-4ca9-b270-3200c071f880
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3192eafe-8a01-4512-9228-493b068003f3
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£390,000 £100K-£500K
Lots Value
Not specified
Awards Value
£517,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
16 Apr 202510 months ago
Submission Deadline
14 Feb 2025Expired
Future Notice Date
Not specified
Award Date
30 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
1
Supplier Name

JENSTEN INSURANCE BROKERS (LONDON

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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