Planning

Insurance Services

THE INSOLVENCY SERVICE

This public procurement record has 1 release in its history.

Planning

30 May 2025 at 13:03

UK1 - Pipeline Notice
Summary of the contracting process

The Insolvency Service, a central government public authority, has announced a planned procurement process for the provision of insurance services, specifically targeting the coverage of seized assets during case actions. The contract, open to Small and Medium-sized Enterprises (SMEs), will be carried out under the selective procurement method using a pre-Procurement Act commercial tool. The contract is estimated to be worth £2,744,000 net (£3,240,000 gross), with the contract period expected to start on 1st December 2025 and ending on 30th November 2028, with a possible extension until 30th November 2029. The procurement is in the planning stage, and the official notice was published on 30th May 2025.

This tender offers a substantial opportunity for businesses in the insurance industry to secure a multi-year government contract, potentially enhancing their portfolio and credibility. Companies specialised in providing insurance services, particularly those adept in managing and covering seized assets, would find this tender advantageous. SMEs are particularly encouraged to compete, given the expressed suitability provision, making it an ideal growth avenue for smaller enterprises looking to expand their reach within the public sector market.

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Notice Information

Notice Title

Insurance Services

Notice Description

The Official Receiver requires the provision of Insurance Services to provide cover for seized assets identified during cases actioned.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0529cd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028812-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Using pre-Procurement Act commercial tool
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£2,744,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20258 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2025 - 30 Nov 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE INSOLVENCY SERVICE
Contact Name
Not specified
Contact Email
commercial@insolvency.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
STRATFORD
Postcode
E20 1HZ
Post Town
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 Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

Notice Documents

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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