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Property Insurance

City of London Corporation

This public procurement record has 2 releases in its history.

Award

10 Jan 2022 at 22:45

Award Notice
Tender

28 Jun 2021 at 22:45

Tender Notice
Summary of the contracting process

The City of London Corporation is conducting a procurement process for Property Insurance, specifically including Business Interruption and Contractors All Risks, with a total estimated contract value of £69,100,000. The tender is currently in the active stage, having opened for submissions on 28 June 2021 and running until the deadline on 29 July 2021. Interested suppliers must register on the electronic tendering platform, capitalEsourcing, to participate in this competitive procedure, which involves negotiations following an initial selection questionnaire assessment. The procurement operates under the services industry category, and all proposals must be submitted electronically.

This tender presents significant opportunities for businesses in the insurance services sector, particularly those offering property and business interruption insurance, as well as contractors' all-risk coverage. Companies that are adept at navigating competitive tendering processes and have a strong understanding of the requirements outlined in the selection criteria will be well-positioned to benefit from this substantial contract. Interested parties should prepare to engage through electronic submissions and ensure their qualifications are aligned with the demands of the City of London Corporation.

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Notice Information

Notice Title

Property Insurance

Notice Description

Contract award notice for the provision of Property Insurance to the City of London Corporation. RSA being the lead insurer and Aviva co-insuring.

Lot Information

Lot 1

Contract award notice for the provision of Property Insurance to the City of London Corporation. RSA being the lead insurer and Aviva co-insuring. Additional information: Please see Contract Notice Publication reference: 2021/S 000-014763 Publication date: 28 June 2021

Renewal: The City is looking for tender responses based upon a Long Term Agreement of 3 years with an option to extend for a further 2 years, subject to performance, budgetary conditions and internal governance. The contract value stated is for the 5 year period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02c11e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000704-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66513200 - Contractor's all-risk insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

Notice Value(s)

Tender Value
£69,100,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£71,285,655 £10M-£100M

Notice Dates

Publication Date
10 Jan 20224 years ago
Submission Deadline
29 Jul 2021Expired
Future Notice Date
Not specified
Award Date
24 Dec 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Postcode Area
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
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
2
Supplier Names

Aviva Insurance Ltd

RSA Insurance Ltd

Further Information

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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