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Tender For Insurance of Marine Vessels 2026-2029

HM GOVERNMENT OF GIBRALTAR

This public procurement record has 2 releases in its history.

Award

10 Jun 2026 at 10:58

Award Notice
Tender

13 Apr 2026 at 14:06

Tender Notice
Summary of the contracting process

HM Government of Gibraltar has successfully completed the tender process for the insurance of marine vessels for the period 2026-2029. This procurement, classified under CPV code 66514150 for vessel insurance services, was conducted using an open procedure with the award criteria being the most economically advantageous proposal. The process reached its award stage on 10th June 2026, and Callaghan Insurance Brokers Ltd, a small and medium-sized enterprise (SME), was awarded the contract valued at approximately GBP 295,386.03. The contract period will commence on 1st August 2026 and conclude on 31st July 2029, with the services to be delivered in Gibraltar. It is essential to note that the tender was not open to variants and had a submission deadline of 14th May 2026.

This tender presents significant opportunities for growth, particularly for SMEs capable of providing competitive and comprehensive vessel insurance services. Businesses in Gibraltar, the UK, or territories with relevant trade agreements are well-positioned to compete in this domain, particularly given Gibraltar's exclusion from the WTO's GPA. Firms that can deliver economically advantageous offers while ensuring compliance with international and local regulatory standards will find this contract beneficial for establishing and expanding their footprint within Gibraltar's insurance market. The procurement explicitly encourages participation from SMEs, suggesting a preferable stance towards such entities in government tenders, paving the way for increased market entry and competitive leverage.

How relevant is this notice?

Notice Information

Notice Title

Tender For Insurance of Marine Vessels 2026-2029

Notice Description

OPEN PROCEDURE NOTICE Tender For Insurance of Marine Vessels 2026-2029 1. Contracting Authority H.M. Government of Gibraltar 6 Convent Place GIBRALTAR 2. H.M. Government of Gibraltar invites tenders from economic operators for the provision of insurance services in respect of marine vessels for the period 2026-2029, in accordance with the requirements set out in the Tender Documents. (a) CPV No: 66514150- Vessel insurance services (b) Place of delivery: Gibraltar - GI 3. Variants will not be accepted. 4. Minimum time frame during which tenderer must maintain the tender: 120 days 5. Award Criteria - The most economically advantageous tender in terms of the criteria stated in the tender documents. 6. Further information and the documents are available from: https://hmgogsupplier.gibraltar.gov.gi 7. All communications, including information requested in the tender documents, must be submitted in English. Where information is provided in another language, this shall be accompanied by a translation into English. 8. Any contract will be subject to the Law of Gibraltar and the Authority does not bind itself to accepting the lowest or any tender. 9. Date of submission of completed applications - 12:00 noon on THURSDAY 14TH MAY 2026. Additional information: Gibraltar does not participate in the Agreement on Government Procurement (GPA) under the World Trade Organization (WTO). HM Government of Gibraltar therefore reserves the right to consider only those bids from eligible tenderers in Gibraltar, the UK, or a country or territory covered by a trade agreement extending to Gibraltar that contains relevant procurement provisions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d154601b-5e81-4314-9b7d-7cd936eb5662
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/74cae637-ea7a-4289-8bfe-2ded43614811
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66514150 - Vessel insurance services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£295,386 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jun 20262 weeks ago
Submission Deadline
14 May 2026Expired
Future Notice Date
Not specified
Award Date
9 Jun 20262 weeks ago
Contract Period
31 Jul 2026 - 31 Jul 2029 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
HM GOVERNMENT OF GIBRALTAR
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GIBRALTAR
Postcode
GX11 1AA
Post Town
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

CALLAGHAN INSURANCE BROKERS

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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