Fine Art Insurance

{
    "tag": [
        "compiled"
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    "id": "ocds-h6vhtk-02d4df-2022-01-06T22:45:08Z",
    "date": "2022-01-06T22:45:08Z",
    "ocid": "ocds-h6vhtk-02d4df",
    "description": "This procurement process is being conducted in successive stages and you will only be invited to submit an initial tender if you have been successful and shortlisted from the first stage, i.e. pre-qualification. If you wish to be considered you must complete and submit a completed Selection Questionnaire (SQ) by the specified closing date and time. Submissions cannot be uploaded after this return deadline. Other than the Selection Questionnaire (SQ), the procurement documentation submitted at the date of this Notice is draft documentation and the Council reserves the right to amend, augment and supplement any document. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. This tendering exercise is being undertaken using the electronic tendering system 'capitalEsourcing' (www.capitalesourcing.com). Suppliers will need to register an interest on the system in order to participate and registration is free. The estimated value given at II.2.6) is for the full duration of the contract including the maximum possible extensions. The estimated annual contract value is therefore PS140,000.",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-02d4df",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Fine Art Insurance",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Contract award notice for the provision of Fine Art Insurance to the City of London Corporation.",
        "value": {
            "amount": 700000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Contract award notice for the provision of Fine Art Insurance to the City of London Corporation. Additional information: Please see Contract Notice Fine Art Insurance Publication reference: 2021/S 000-019824. Publication date: 13 August 2021",
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "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."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
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                "status": "cancelled",
                "awardCriteria": {
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                            "type": "quality",
                            "description": "40%"
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                        "description": "Damage or loss insurance services"
                    },
                    {
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                        "id": "66515100",
                        "description": "Fire insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515200",
                        "description": "Property insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515300",
                        "description": "Weather and financial loss insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66515400",
                        "description": "Weather-related insurance services"
                    }
                ],
                "deliveryAddresses": [
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        ],
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        "submissionMethodDetails": "http://www.capitalesourcing.com",
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        "procurementMethodDetails": "Competitive procedure with negotiation",
        "secondStage": {
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            "noNegotiationNecessary": true,
            "invitationDate": "2021-09-20T00:00:00+01:00"
        },
        "tenderPeriod": {
            "endDate": "2021-09-16T12:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 120
            }
        },
        "hasRecurrence": false,
        "reviewDetails": "The Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or who are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland).",
        "coveredBy": [
            "GPA"
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    },
    "parties": [
        {
            "id": "GB-FTS-135",
            "name": "City of London Corporation",
            "identifier": {
                "legalName": "City of London Corporation"
            },
            "address": {
                "streetAddress": "Guildhall",
                "locality": "London",
                "region": "UK",
                "postalCode": "EC2P 2EJ",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2076063030",
                "email": "Oliqur.Chowdhury@cityoflondon.gov.uk",
                "url": "http://www.capitalesourcing.com"
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            "details": {
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                        "id": "01",
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                ]
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        },
        {
            "id": "GB-FTS-143",
            "name": "High Court, Royal Courts of Justice",
            "identifier": {
                "legalName": "High Court, Royal Courts of Justice"
            },
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                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "roles": [
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        {
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                "legalName": "High Court, Royal Courts of Justice"
            },
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                "locality": "London",
                "countryName": "United Kingdom"
            },
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        },
        {
            "id": "GB-FTS-39821",
            "name": "Marsh Specialty",
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                "legalName": "Marsh Specialty"
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                "locality": "London",
                "region": "UK",
                "countryName": "United Kingdom"
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    ],
    "buyer": {
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    },
    "language": "en",
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            ]
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    ],
    "contracts": [
        {
            "id": "000386-2022-1",
            "awardID": "000386-2022-1",
            "status": "active",
            "value": {
                "amount": 572615,
                "currency": "GBP"
            },
            "dateSigned": "2021-12-24T00:00:00Z"
        }
    ],
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}