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GB-London: Insurance Broker Services

RSSB

This public procurement record has 1 release in its history.

Award

31 Jul 2026 at 11:10

Award Notice
Summary of the contracting process

Rail Safety and Standards Board procured insurance brokerage and associated support services for its operations in London. The requirement covers insurance broking work together with related support, classified as insurance brokerage services. The buying organisation is Rail Safety and Standards Board, based at 25 Fenchurch Avenue, London. The service is categorised as a public-sector service contract and is delivered in London. The selected supplier is The Risk Factor Limited, whose registered address is in Leeds. The requirement is therefore relevant to insurance brokers and firms providing associated insurance support services, particularly those able to serve a London-based rail safety and standards organisation.

The procurement is complete and was awarded to The Risk Factor Limited on 27 July 2026. It was undertaken through the GCA Insurance & Related Services 4 framework. The awarded contract value is £92,728.74. The contract runs from 29 July 2026 to 31 March 2030. The tender had a submission deadline of 29 July 2026. The award is active and covers the full insurance brokerage and associated support requirement. The procurement record identifies Rail Safety and Standards Board as the buyer and The Risk Factor Limited as supplier. The opportunity was not divided into separately reported lots, and the published information does not identify a separate price-versus-quality weighting.

This award demonstrates an established requirement for insurance brokerage and associated support services from Rail Safety and Standards Board, with a multi-year service commitment. It is most relevant to larger insurance brokers with the organisational capacity to support a rail-sector standards and safety body, manage its brokerage requirements and provide related advice or administrative support. Firms considering future work of this type should be able to demonstrate a credible insurance brokerage operation, appropriate experience supporting complex organisational insurance needs and the resources to maintain service over a long contract period. The buyer marked the requirement as unsuitable for SMEs and voluntary, community or social enterprises, indicating that scale and organisational capacity are important competitive factors.

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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 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Jul 20262 months ago
Contract Period
29 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
RSSB
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
Postcode Area
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

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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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