Award

terrorism insurance

LONDON BOROUGH OF MERTON

This public procurement record has 1 release in its history.

Award

07 Mar 2025 at 15:56

Summary of the contracting process

The London Borough of Merton has completed the procurement process for terrorism insurance services under an open procedure. The contract, valued at £58,000, was awarded to Jensten Insurance Brokers (London & SE) Ltd. The procurement process, which falls under the "Financial and insurance services" category, covers the region of England within the United Kingdom. The contract is set to commence on 1st April 2025 and will run until 1st April 2028. The tender was initiated and managed by the London Borough of Sutton on behalf of the London Borough of Merton, with significant deadlines including the tender period ending on 14th January 2025.

This tender represents a valuable opportunity for businesses specialising in insurance services, specifically terrorism insurance. Small and medium-sized enterprises (SMEs) would find this contract particularly beneficial due to the open procurement method, which encourages competition. The long-term nature of the contract provides a steady revenue stream and the potential for ongoing collaboration with a major public sector entity. Companies that can offer competitive terms and robust service standards are well-suited to engage in such procurement opportunities.

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Notice Title

terrorism insurance

Notice Description

terrorism insurance - procured by LB sutton on behalf of LB Merton

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e8c58d01-5ee8-4606-ac8f-96d5ed1c3089
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bad6730d-0283-44d9-b3f3-99b3116cd27f
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£58,000 Under £100K
Lots Value
Not specified
Awards Value
£58,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 202511 months ago
Submission Deadline
14 Jan 2025Expired
Future Notice Date
Not specified
Award Date
7 Mar 202511 months ago
Contract Period
31 Mar 2025 - 1 Apr 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF MERTON
Contact Name
Not specified
Contact Email
commercial.services@merton.gov.uk
Contact Phone
+44 2085454626

Buyer Location

Locality
MORDEN
Postcode
SM4 5DX
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
Merton
Electoral Ward
Merton Park
Westminster Constituency
Wimbledon

Supplier Information

Number of Suppliers
1
Supplier Name

JENSTEN INSURANCE BROKERS (LONDON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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