Award

Fine Art Insurance

CITY OF LONDON CORPORATION

This public procurement record has 2 releases in its history.

AwardUpdate

06 Jan 2022 at 16:08

Award Notice
Award

06 Jan 2022 at 12:32

Award Notice
Summary of the contracting process

The City of London Corporation has completed a tender process for Fine Art Insurance, which was awarded to AXA on 24th December 2021. The total contract value is £572,615, effective from 24th December 2021 until 23rd December 2026. This procurement was categorized under insurance services and followed a selective procurement method via a Competitive Procedure with Negotiation. The tender period closed on 16th September 2021, with all relevant activities taking place in London, United Kingdom.

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Notice Information

Notice Title

Fine Art Insurance

Notice Description

The City of London Corporation (the City) undertook a tender process for the provision of Fine Art Insurance. This concluded in December 2021 and was awarded to Marsh Specialty following a Competitive Procedure with Negotiation process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ee3c4b5b-b0d1-4738-82f9-cc8c656c55c4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b80fac24-b8fb-43bb-b946-7ab2000c02c4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£572,615 £500K-£1M
Lots Value
Not specified
Awards Value
£572,615 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20224 years ago
Submission Deadline
16 Sep 2021Expired
Future Notice Date
Not specified
Award Date
24 Dec 20214 years ago
Contract Period
24 Dec 2021 - 23 Dec 2026 Over 5 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
CITY OF LONDON CORPORATION
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
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
2
Supplier Names

AXA

MARSH SPECIALTY

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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