This public procurement record has 2 releases in its history.

Award

12 Jul 2024 at 19:05

Tender

09 Jul 2024 at 16:05

Summary of the contracting process

The Local Space contracting authority has initiated a procurement process for the provision of insurance and related services. The title of the tender is "Provision of Insurance and related services to Local Space". The main procurement category is services in the insurance industry. The procurement method is selective, with a competitive procedure involving negotiation. Key dates include the contract period starting on 9th February 2025 and ending on 8th February 2028. The location of the procurement is in the United Kingdom.

This tender presents business growth opportunities for insurance service providers, especially those experienced in property, liability, and risk management services. Small or medium enterprises (SMEs) are encouraged to participate. Businesses skilled in providing a range of insurance coverages, such as property damage, liability, and cyber risks, will find this tender suitable. Local Space emphasises long-term agreements, with potential extensions based on performance. Interested parties should demonstrate financial stability and relevant professional experience to succeed in the competitive selection process.

How relevant is this notice?

Notice Title

Provision of Insurance and related services to Local Space

Notice Description

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Local Space

Lot Information

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Local Space

A programme of General (non-life) insurance and related services for Local Space. The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident, professional indemnity, fidelity guarantee/crime and employment practices liability. This list is to be decided at the sole discretion of Local Space. This Lot excludes: Engineering (See Lot 2), Cyber (See Lot 3), Terrorism Pool-Re (See Lot 4), Terrorism (Non-Pool Re) (See Lot 5), Directors & Officers (See Lot 6) Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services for Engineering Insurance and Inspection for Local Space

Insurance and related services for Engineering Insurance and Inspection for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Cyber Risks for Local Space

Insurance and related services associated with Cyber Risks for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism Pool-Re/Political Violence for Local Space

Insurance and related services associated with Terrorism Pool-Re/Political Violence for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Local Space

Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Directors & Officers cover for Local Space

Insurance and related services associated with Directors & Officers cover for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7

Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047c04
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021546-2024
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66517300 - Risk management insurance services

66518000 - Insurance brokerage and agency services

66518300 - Insurance claims adjustment services

Notice Value(s)

Tender Value
£700,000 £500K-£1M
Lots Value
£422,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jul 20242 years ago
Submission Deadline
9 Aug 2024Expired
Future Notice Date
Not specified
Award Date
12 Jul 20242 years ago
Contract Period
9 Feb 2025 - 8 Feb 2028 2-3 years
Recurrence
Between 3 or 5 years from the date of this Notice

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
Local Space
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
E15 4BZ
Postcode Area
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Stratford
Westminster Constituency
Stratford and Bow

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...