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GB-London: Insurance Broker Services

RAIL SAFETY AND STANDARDS BOARD

This public procurement record has 1 release in its history.

Award

31 Jul 2026 at 10:10

Award Notice
Summary of the contracting process

The Rail Safety and Standards Board in London has concluded the procurement process for a contract titled "GB-London: Insurance Broker Services," categorised under "Insurance brokerage services." The procurement, initiated as a tender, has reached the award stage, with the contract being awarded on 27th July 2026. The contract period extends from 29th July 2026 to 31st March 2030. The procedure was conducted under the GCA Insurance & Related Services 4 framework, with a total contract value of £92,728.74. The location for service delivery is in London, United Kingdom, and the contract does not specify procurement method details. This contract opportunity forms part of the services industry sector.

The procurement focuses on providing insurance brokerage and related support services, presenting significant opportunities for businesses specialising in insurance and risk management. While not designed specifically for small and medium-sized enterprises (SMEs) or voluntary, community and social enterprises (VCSEs), larger businesses with expertise in insurance brokerage services are well-suited to compete. The successful supplier, The Risk Factor Limited, indicates that competition might be strong amongst well-established firms with capabilities to offer comprehensive brokerage services within the framework's specifications, promising growth and stability through a multi-year service contract.

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Notice Information

Notice Title

GB-London: Insurance Broker Services

Notice Description

Contract is for the provision of insurance brokerage and associated support services. Additional information: Procedure undertaken through GCA Insurance & Related Services 4 framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9e1f2aa8-975a-4fad-8b38-6b0c18d2ae4f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c0438cbf-cd5a-4614-a2d1-de893e04d5e7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£92,728 Under £100K
Lots Value
Not specified
Awards Value
£92,728 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20265 days ago
Submission Deadline
28 Jul 2026Expired
Future Notice Date
Not specified
Award Date
26 Jul 20261 weeks ago
Contract Period
28 Jul 2026 - 31 Mar 2030 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
RAIL SAFETY AND STANDARDS BOARD
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
EC3M 5AD
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
Aldgate
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE RISK FACTOR

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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