Award

Terrorism Insurance

LONDON BOROUGH OF SUTTON

This public procurement record has 2 releases in its history.

Award

16 Apr 2025 at 13:16

Tender

06 Jan 2025 at 16:35

Summary of the contracting process

The London Borough of Sutton is procuring Terrorism Insurance for itself, the Royal Borough of Kingston, and the London Borough of Merton. This contract covers various services including Material Damage, Business Interruption, Specified All Risks, Works In Progress (All Risks), and Computer-related risks. The total value of the contract is £517,000 and spans three years from 1 April 2025 to 31 March 2028, with an option to extend for an additional two years. The procurement process followed an open procedure and was completed successfully. Award criteria were based on a combination of quality (40%) and price (60%) and Jensten Insurance Brokers (London & SE) Ltd was selected as the supplier.

Businesses specialising in insurance and risk management services, particularly within the financial and insurance sector, can leverage this tender to expand their offerings and secure high-value contracts with regional authorities. The requirement to pay the London Living Wage can also offer a competitive edge to businesses committed to ethical employment practices. Companies adept at delivering comprehensive insurance packages for local authorities and capable of meeting stringent quality and price benchmarks are well-positioned to compete in similar future tenders.

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Notice Title

Terrorism Insurance

Notice Description

The London Borough of Sutton is procuring Terrorism Insurance for the London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. There is one lot and the tender is offered on the basis of a single award. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for an award of the contract.

Lot Information

Lot 1

This tender is to procure Terrorism 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. More information is available in the tender documents available via the London Tender Portal reference DN757429. https://www.londontenders.org/

Options: The contract shall be for a period of three years with an option to extend at the participating authorities sole discretion for two additional one year periods (3+2), making a total maximum contract length of five years.

Renewal: The contract shall be for a period of three years with an option to extend at the participating authorities sole discretion for two additional one year periods (3+2), making a total maximum contract length of five years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04cdab
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015586-2025
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
£380,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£517,000 £500K-£1M

Notice Dates

Publication Date
16 Apr 202510 months ago
Submission Deadline
14 Feb 2025Expired
Future Notice Date
Not specified
Award Date
30 Mar 202510 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF SUTTON
Contact Name
Mr Steve Hoy
Contact Email
steve.hoy@sutton.gov.uk
Contact Phone
+44 2087705911

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
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
1
Supplier Name

JENSTEN INSURANCE BROKERS (LONDON

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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