Notice Information
Notice Title
High Value Commercial Buildings Insurance
Notice Description
The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023
Procurement Information
The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023 13 Where- (a)the goods, services or works to be supplied under the public contract are strictly necessary for reasons of extreme and unavoidable urgency, and (b)as a result the public contract cannot be awarded on the basis of a competitive tendering procedure. 14 For the purpose of paragraph 13, urgency is unavoidable if it- (a)is not attributable to any act or omission of the contracting authority, and (b)could not have been foreseen by the contracting authority. The value of the contract is PS1,741,044 . It is essential that high value commercial buildings insurance is in place to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which began on 7 October 2024 with publication of an FTS notice. No suitable bids were received for Lot 2 Commercial Property Insurance for the London Borough of Sutton, which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-04efa3
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/019103-2025
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- UK7 - Contract Details Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Direct
- Procurement Method Details
- Direct award
- 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
- Not specified
- Lots Value
- Not specified
- Awards Value
- £1,741,044 £1M-£10M
- Contracts Value
- £1,741,044 £1M-£10M
Notice Dates
- Publication Date
- 6 May 20259 months ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 18 Mar 202511 months ago
- Contract Period
- 31 Mar 2025 - 30 Mar 2028 2-3 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- LONDON BOROUGH OF SUTTON
- Contact Name
- Steve Hoy
- Contact Email
- commercial.procurement@sutton.gov.uk
- Contact Phone
- Not specified
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
- Not specified
-
- Local Authority
- Sutton
- Electoral Ward
- Sutton Central
- Westminster Constituency
- Sutton and Cheam
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/019103-2025
6th May 2025 - Contract details notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/013337-2025
7th April 2025 - Contract award notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/010377-2025
20th March 2025 - Transparency notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-04efa3-2025-05-06T13:51:21+01:00",
"date": "2025-05-06T13:51:21+01:00",
"ocid": "ocds-h6vhtk-04efa3",
"initiationType": "tender",
"parties": [
{
"id": "GB-PPON-PJMC-1445-VCVG",
"name": "London Borough of Sutton",
"identifier": {
"scheme": "GB-PPON",
"id": "PJMC-1445-VCVG"
},
"address": {
"streetAddress": "Civic Offices, St Nicholas Way",
"locality": "Sutton",
"postalCode": "SM1 1EA",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI63"
},
"contactPoint": {
"name": "Steve Hoy",
"email": "commercial.procurement@sutton.gov.uk"
},
"roles": [
"buyer"
],
"details": {
"classifications": [
{
"scheme": "UK_CA_TYPE",
"id": "publicAuthoritySubCentralGovernment",
"description": "Public authority - sub-central government"
}
],
"url": "https://www.sutton.gov.uk/"
}
},
{
"id": "GB-COH-FC038001",
"name": "CHUBB EUROPEAN GROUP LTD",
"identifier": {
"scheme": "GB-COH",
"id": "FC038001"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PPXQ-2134-VCJQ"
}
],
"address": {
"streetAddress": "40 Leadenhall Street",
"locality": "London",
"postalCode": "EC3A 2BJ",
"country": "FR",
"countryName": "France",
"region": "FR"
},
"contactPoint": {
"email": "richard.clark@chubb.com"
},
"roles": [
"supplier"
],
"details": {
"scale": "large",
"vcse": false,
"publicServiceMissionOrganization": false,
"shelteredWorkshop": false
}
}
],
"buyer": {
"id": "GB-PPON-PJMC-1445-VCVG",
"name": "London Borough of Sutton"
},
"tender": {
"id": "DN7680",
"legalBasis": {
"id": "2023/54",
"scheme": "UKPGA",
"uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
},
"title": "High Value Commercial Buildings Insurance",
"description": "The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023",
"status": "complete",
"procurementMethod": "direct",
"procurementMethodDetails": "Direct award",
"procurementMethodRationale": "The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023 13 Where- (a)the goods, services or works to be supplied under the public contract are strictly necessary for reasons of extreme and unavoidable urgency, and (b)as a result the public contract cannot be awarded on the basis of a competitive tendering procedure. 14 For the purpose of paragraph 13, urgency is unavoidable if it- (a)is not attributable to any act or omission of the contracting authority, and (b)could not have been foreseen by the contracting authority. The value of the contract is PS1,741,044 . It is essential that high value commercial buildings insurance is in place to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which began on 7 October 2024 with publication of an FTS notice. No suitable bids were received for Lot 2 Commercial Property Insurance for the London Borough of Sutton, which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings.",
"lots": [
{
"id": "1",
"status": "complete"
}
],
"documents": [
{
"id": "conflictOfInterest",
"documentType": "conflictOfInterest",
"description": "Not published"
}
],
"procurementMethodRationaleClassifications": [
{
"id": "urgency"
}
]
},
"awards": [
{
"id": "1",
"title": "High Value Commercial Buildings Insurance",
"status": "active",
"value": {
"amountGross": 1741044,
"amount": 1741044,
"currency": "GBP"
},
"mainProcurementCategory": "services",
"aboveThreshold": true,
"suppliers": [
{
"id": "GB-COH-FC038001",
"name": "CHUBB EUROPEAN GROUP LTD"
}
],
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "66000000",
"description": "Financial and insurance services"
}
],
"deliveryAddresses": [
{
"region": "UKI63",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKI63",
"country": "GB",
"countryName": "United Kingdom"
},
{
"region": "UKI63",
"country": "GB",
"countryName": "United Kingdom"
}
],
"relatedLot": "1"
}
],
"contractPeriod": {
"startDate": "2025-04-08T00:00:00+01:00",
"endDate": "2028-03-30T23:59:59+01:00"
},
"relatedLots": [
"1"
],
"documents": [
{
"id": "010377-2025",
"documentType": "awardNotice",
"noticeType": "UK5",
"description": "Transparency notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/010377-2025",
"datePublished": "2025-03-20T12:19:47Z",
"format": "text/html"
},
{
"id": "013337-2025",
"documentType": "awardNotice",
"noticeType": "UK6",
"description": "Contract award notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/013337-2025",
"datePublished": "2025-04-07T11:31:04+01:00",
"format": "text/html"
}
],
"milestones": [
{
"id": "1",
"type": "futureSignatureDate",
"dueDate": "2025-04-07T23:59:59+01:00",
"status": "scheduled"
}
],
"date": "2025-03-18T00:00:00Z"
}
],
"language": "en",
"contracts": [
{
"id": "1",
"awardID": "1",
"title": "High Value Commercial Buildings Insurance",
"status": "active",
"period": {
"startDate": "2025-04-01T00:00:00+01:00",
"endDate": "2028-03-30T23:59:59+01:00"
},
"value": {
"amountGross": 1741044,
"amount": 1741044,
"currency": "GBP"
},
"aboveThreshold": true,
"dateSigned": "2025-04-01T00:00:00+01:00",
"noAgreedMetricsRationale": "The procurement is based on insurance cover.",
"documents": [
{
"id": "019103-2025",
"documentType": "contractNotice",
"noticeType": "UK7",
"description": "Contract details notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/019103-2025",
"datePublished": "2025-05-06T13:51:21+01:00",
"format": "text/html"
}
]
}
]
}