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Property and Commercial Property Insurance

London Borough of Sutton

This public procurement record has 2 releases in its history.

Award

15 Apr 2025 at 17:47

Award Notice
Tender

07 Oct 2024 at 16:51

Tender Notice
Summary of the contracting process

The London Borough of Sutton, in partnership with the Royal Borough of Kingston and the London Borough of Merton, is undertaking a procurement process for Property Insurance and Commercial Property Insurance services. This tender spans four lots, allowing bidders to apply for multiple or all lots. The process is currently in the tender stage, with submissions due by 29 November 2024. The insurance services fall under the Financial and Insurance Services industry category, and all lots require payment of the London Living Wage for contract consideration. Key dates include the commencement of the contracts on 1 April 2025 and their potential extension at the end of the initial three-year period.

This tender presents significant opportunities for companies in the insurance industry, particularly those specialising in property and commercial property insurance. The contracts offer considerable financial value, with Lot 1 alone valued at £8,500,000. Companies capable of managing comprehensive property coverage including Material Damage, Business Interruption, and Specified All Risks are well-suited to compete. The open procedure ensures a transparent bidding process, encouraging competitiveness and innovation. Successful suppliers, such as Protector Insurance and Zurich Municipal, may collaborate across the London boroughs, enhancing their market presence and growth prospects.

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Notice Information

Notice Title

Property and Commercial Property Insurance

Notice Description

Property Insurance and Commercial Property Insurance for the London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. There are four lots and bidders can apply for all lots. Lot 1 Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. Lot 2 Commercial Property Insurance for the London Borough of Sutton Lot 3 Commercial Property Insurance for the Royal Borough of Kingston upon Thames Lot 4 Commercial Property Insurance for the London Borough of Merton It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for an award of a contract for any of the lots, including a combination of lots or all lots.

Lot Information

Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton.

This lot is for Property Insurance for London Borough of Sutton, Royal Borough of Kingston upon Thames and London Borough of Merton. It covers Material Damage, Business Interruption, Specified All Risks, Works In Progress (All Risks), Computer. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 1.

Options: There is an option to extend the contract for one period of 24 months.

Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities.

Commercial Property Insurance for the London Borough of Sutton

Commercial Property Insurance for the London Borough of Sutton including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further (2) two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 2.

Options: There is an option to extend the contract for one period of 24 months.

Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities.

Commercial Property Insurance for the Royal Borough of Kingston upon Thames

Commercial Property Insurance for the Royal Borough of Kingston upon Thames, including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 3.

Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities.

Commercial Property Insurance for the London Borough of Merton

Commercial Property Insurance for the London Borough of Merton, including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 4.

Options: There is an option to extend the contract for one period of 24 months.

Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a68e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015381-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£12,750,000 £10M-£100M
Lots Value
£12,750,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 20251 years ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
11 Mar 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Sutton
Additional Buyers

London Borough of Merton

Royal Borough of Kingston Upon Thames

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
KINGSTON UPON THAMES
Postcode
SM1 1EA
Postcode Area
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLI63 Merton, Kingston upon Thames and Sutton
Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
2
Supplier Names

Protector Insurance

Zurich Municipal

Further Information

Open Contracting Data Standard (OCDS)

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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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