Award

https://ministryofjusticecommercial.bravosolution.co.uk

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

Award

10 May 2023 at 10:30

Planning

21 Jun 2022 at 08:49

Summary of the contracting process

The Ministry of Justice is undertaking a procurement process for a contract framework to provide Surety Bonds for Deputies appointed by the Court of Protection, with a value of £3,110,517.5 GBP. This procurement falls under the services category in the industry classification of Insurance and pension services. The contract period is from April 1, 2023, to March 31, 2030. The procurement method used is an Award procedure with prior publication of a call for competition.

This tender presents an opportunity for insurance brokers and related businesses to compete for providing Surety Bonds in support of deputyship orders by the Court of Protection. Businesses in the insurance services sector and large-scale insurance brokers would be well-suited to engage in this procurement process. The Ministry of Justice, based in London, is the buying organisation overseeing this tender in the planning stage.

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Notice Title

https://ministryofjusticecommercial.bravosolution.co.uk

Notice Description

A contract framework for the provision of Surety Bonds covering the performance of Deputies appointed by the Court of Protection (CoP).

Lot Information

Lot 1

To appoint an insurance broker, or brokers, who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers, for the provision of surety bonds. The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties. The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply to the CoP for an appropriate deputyship order. Where the CoP appoints a deputy, it may require a surety bond to be in place for the protection of the person's property and, or, finance. The Surety Bond is a guarantee to pay any financial losses arising from the deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034898
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013272-2023
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Award procedure with prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

66510000 - Insurance services

Notice Value(s)

Tender Value
£3,110,517 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,110,517 £1M-£10M

Notice Dates

Publication Date
10 May 20232 years ago
Submission Deadline
Not specified
Future Notice Date
24 Jul 2022Expired
Award Date
13 Jan 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MINISTRY OF JUSTICE
Contact Name
Not specified
Contact Email
ccmdfinancialservices@justice.gov.uk
Contact Phone
+44 02033343555

Buyer Location

Locality
LONDON
Postcode
SW1H 9AJ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
3
Supplier Names

HOWDEN INSURANCE BROKERS

INSYNC INSURANCE SOLUTIONS

MARSH

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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