Award

Corporate Insurance Services

READING BOROUGH COUNCIL

This public procurement record has 3 releases in its history.

Award

20 Feb 2026 at 14:41

TenderUpdate

28 Oct 2025 at 15:54

Tender

28 Oct 2025 at 13:10

Summary of the contracting process

Reading Borough Council has successfully awarded contracts for Corporate Insurance Services for the upcoming period commencing on 1st April 2026. This procurement process involved an open procedure, targeting insurance services within the public authority sector, specifically under sub-central government classifications. Located in Reading, UK, the process entails various lots such as Property, Industrial & Commercial Property, Casualty, Motor Fleet, Engineering, and Fidelity Guarantee/Crime. The tender, valued at approximately £8.5 million, concluded its award stage on 20th February 2026, with the standstill period ending on 3rd March 2026. Most notably, Zurich Insurance Company Ltd secured Lot 7, which combines Lots 1, 3, and 4, reflecting a significant contracting advantage given the gross value of £5.5 million.

This tender presents robust opportunities for businesses specializing in insurance services to expand their portfolios and establish long-term partnerships with a key public authority like Reading Borough Council. It fosters growth for large insurance firms due to the substantial contract value and renewal options, including 2 x 2-year extensions, contingent on performance metrics. Additionally, SME firms, such as Risk Management Partners Ltd., have secured positions in the awarded contracts, suggesting potential advantages for smaller enterprises capable of meeting tailored service needs within specified lots. Firms with expertise in providing comprehensive policy solutions and strategic claims management services stand to benefit significantly from engaging in this procurement, thereby facilitating enhanced market penetration and client diversification.

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Notice Title

Corporate Insurance Services

Notice Description

We are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU Additional Insured Interests: Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026. Whilst Homes for Reading are a wholly owned Company they are not included in the tender. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority. In the event of an intended break in the Long Term Agreement the insurer must provide the Authority with 6 months' notice to enable the Authority to procure a suitable alternative. Please advise within your Tender Specification if this cannot be complied with. The Authority allows a successful Tender to transfer the insurance policies placed as a result of this Tender to another insurer during the term of the LTA provided that the new insurer is in the same ultimate as the original one, the insurer credit rating is not adversely affected and the terms and conditions of the insurance remain the same. Full details of the requirement can be found in the Specification document. The tender documents contain proposals for the works. Estimated contracted value is PS8.5M over 3 years.

Lot Information

Property

This Section incorporates the following classes of business: Property (General Properties) - Buildings & Content Housing Properties - Buildings & Contents LEA Education Properties - Buildings & Contents Business Interruption:- Increase in Cost of Working Rent Receivable Specified All Risks Works in Progress

Renewal: plus 2 years and plus 2 years (4 in total)

Commercial property

This Section incorporates the following classes of business: Industrial and Commercial Properties a. Buildings b. Loss of Rent

Renewal: plus 2 years and plus 2 years (4 in total)

Casualty

This Lot incorporates the following classes of business: Employers Liability Public and Products Liability Officials Indemnity Land Charges Libel and Slander Professional Indemnity Hirers Liability

Renewal: plus 2 years and plus 2 years (4 in total)

Motor Fleet

This Section incorporates the following classes of business: Motor Fleet School Minibuses Occasional Business Use Uninsured Loss Recovery Service (ULR)

Renewal: plus 2 years and plus 2 years (4 in total)

Engineering

This Section incorporates the following classes of business: Engineering Insurance Engineering Inspection

Renewal: plus 2 years and plus 2 years (4 in total)

Fidelity Guarantee / Crime

Employee Fraud Indemnity in respect of loss of money, securities and other property resulting directly from one of more fraudulent or dishonest acts committed by an employee, provided that such fraudulent or dishonest acts are committed Territorial Limits British Isles but including losses resulting from overseas visits Policy Interest Policies are to be prepared in the name of Reading Borough Council Subsidiary to be included Brighter Futures for Reading Ltd - In run-off as of 1st April 2026

Renewal: plus 2 years and plus 2 years (4 in total)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d53d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015741-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£6,800,000 £1M-£10M
Lots Value
£6,800,000 £1M-£10M
Awards Value
£6,680,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20262 days ago
Submission Deadline
10 Dec 2025Expired
Future Notice Date
Not specified
Award Date
13 Feb 20261 weeks ago
Contract Period
31 Mar 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
READING BOROUGH COUNCIL
Contact Name
Heather Hall
Contact Email
pchub@reading.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
READING
Postcode
RG1 2LU
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLJ11 Berkshire

Local Authority
Reading
Electoral Ward
Abbey
Westminster Constituency
Reading Central

Supplier Information

Number of Suppliers
2
Supplier Names

RISK MANAGEMENT PARTNERS

ZURICH INSURANCE

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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                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        }
                    ]
                },
                "contractPeriod": {
                    "startDate": "2026-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00",
                    "maxExtentDate": "2033-03-31T23:59:59+00:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "plus 2 years and plus 2 years (4 in total)"
                }
            },
            {
                "id": "3",
                "title": "Casualty",
                "description": "This Lot incorporates the following classes of business: Employers Liability Public and Products Liability Officials Indemnity Land Charges Libel and Slander Professional Indemnity Hirers Liability",
                "status": "complete",
                "value": {
                    "amountGross": 3800000,
                    "amount": 3040000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "weightingDescription": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
                    "criteria": [
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        },
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        }
                    ]
                },
                "contractPeriod": {
                    "startDate": "2026-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00",
                    "maxExtentDate": "2033-03-31T23:59:59+00:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "plus 2 years and plus 2 years (4 in total)"
                }
            },
            {
                "id": "4",
                "title": "Motor Fleet",
                "description": "This Section incorporates the following classes of business: Motor Fleet School Minibuses Occasional Business Use Uninsured Loss Recovery Service (ULR)",
                "status": "complete",
                "value": {
                    "amountGross": 800000,
                    "amount": 640000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "weightingDescription": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
                    "criteria": [
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        },
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        }
                    ]
                },
                "contractPeriod": {
                    "startDate": "2026-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00",
                    "maxExtentDate": "2033-03-31T23:59:59+00:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "plus 2 years and plus 2 years (4 in total)"
                }
            },
            {
                "id": "5",
                "title": "Engineering",
                "description": "This Section incorporates the following classes of business: Engineering Insurance Engineering Inspection",
                "status": "complete",
                "value": {
                    "amountGross": 280000,
                    "amount": 224000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "weightingDescription": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
                    "criteria": [
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        },
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        }
                    ]
                },
                "contractPeriod": {
                    "startDate": "2026-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00",
                    "maxExtentDate": "2033-03-31T23:59:59+00:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "plus 2 years and plus 2 years (4 in total)"
                }
            },
            {
                "id": "6",
                "title": "Fidelity Guarantee / Crime",
                "description": "Employee Fraud Indemnity in respect of loss of money, securities and other property resulting directly from one of more fraudulent or dishonest acts committed by an employee, provided that such fraudulent or dishonest acts are committed Territorial Limits British Isles but including losses resulting from overseas visits Policy Interest Policies are to be prepared in the name of Reading Borough Council Subsidiary to be included Brighter Futures for Reading Ltd - In run-off as of 1st April 2026",
                "status": "complete",
                "value": {
                    "amountGross": 175000,
                    "amount": 140000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "weightingDescription": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation.",
                    "criteria": [
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        },
                        {
                            "type": "price",
                            "name": "Simple description",
                            "description": "PLEASE NOTE - This tender includes a further lot - LOT 7 combined Lots 1,3 and 4 as an option for insurers to provide a bid. this is explained in the attached tender documents along with an explanation regarding how this will be assessed and awarded if it is successful. A system error related to Lot Values and Contract Value prevented Lot 7 being shown as a separate Lot of combined lots 1,3 and 4. Award criteria Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days' notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation."
                        }
                    ]
                },
                "contractPeriod": {
                    "startDate": "2026-04-01T00:00:00+01:00",
                    "endDate": "2029-03-31T23:59:59+01:00",
                    "maxExtentDate": "2033-03-31T23:59:59+00:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "plus 2 years and plus 2 years (4 in total)"
                }
            }
        ],
        "documents": [
            {
                "id": "A-6719",
                "documentType": "biddingDocuments",
                "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-6719",
                "format": "application/x-zip-compressed"
            },
            {
                "id": "conflictOfInterest",
                "documentType": "conflictOfInterest",
                "description": "Not published"
            },
            {
                "id": "068956-2025",
                "documentType": "tenderNotice",
                "noticeType": "UK4",
                "description": "Tender notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/068956-2025",
                "datePublished": "2025-10-28T13:10:17Z",
                "format": "text/html"
            },
            {
                "id": "069090-2025",
                "documentType": "tenderNotice",
                "noticeType": "UK4",
                "description": "Tender notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/069090-2025",
                "datePublished": "2025-10-28T15:54:57Z",
                "format": "text/html"
            }
        ]
    },
    "language": "en",
    "bids": {
        "details": [
            {
                "id": "1",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-BR000105",
                        "name": "ZURICH INSURANCE COMPANY LTD"
                    }
                ],
                "relatedLots": [
                    "1",
                    "3",
                    "4"
                ]
            },
            {
                "id": "2",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-00078950",
                        "name": "AXA INSURANCE UK PLC"
                    }
                ],
                "relatedLots": [
                    "1"
                ]
            },
            {
                "id": "3",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-BR018117",
                        "name": "PROTECTOR INSURANCE"
                    }
                ],
                "relatedLots": [
                    "1"
                ]
            },
            {
                "id": "4",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-02989025",
                        "name": "RISK MANAGEMENT PARTNERS LTD."
                    }
                ],
                "relatedLots": [
                    "1",
                    "3",
                    "4"
                ]
            },
            {
                "id": "5",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-01034343",
                        "name": "TRAVELERS INSURANCE COMPANY LIMITED"
                    }
                ],
                "relatedLots": [
                    "1",
                    "4"
                ]
            },
            {
                "id": "6",
                "status": "valid",
                "tenderers": [
                    {
                        "id": "GB-COH-00210725",
                        "name": "AON UK LIMITED"
                    }
                ],
                "relatedLots": [
                    "3",
                    "4"
                ]
            }
        ],
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "value": 5,
                "relatedLot": "1"
            },
            {
                "id": "2",
                "measure": "bids",
                "value": 3,
                "relatedLot": "3"
            },
            {
                "id": "3",
                "measure": "bids",
                "value": 4,
                "relatedLot": "4"
            },
            {
                "id": "4",
                "measure": "bids",
                "value": 4,
                "relatedLot": "2"
            },
            {
                "id": "5",
                "measure": "finalStageBids",
                "value": 4,
                "relatedLot": "2"
            },
            {
                "id": "6",
                "measure": "smeFinalStageBids",
                "value": 1,
                "relatedLot": "2"
            },
            {
                "id": "7",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "2"
            },
            {
                "id": "8",
                "measure": "bids",
                "value": 3,
                "relatedLot": "5"
            },
            {
                "id": "9",
                "measure": "finalStageBids",
                "value": 3,
                "relatedLot": "5"
            },
            {
                "id": "10",
                "measure": "smeFinalStageBids",
                "value": 2,
                "relatedLot": "5"
            },
            {
                "id": "11",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "5"
            },
            {
                "id": "12",
                "measure": "bids",
                "value": 3,
                "relatedLot": "6"
            },
            {
                "id": "13",
                "measure": "finalStageBids",
                "value": 3,
                "relatedLot": "6"
            },
            {
                "id": "14",
                "measure": "smeFinalStageBids",
                "value": 1,
                "relatedLot": "6"
            },
            {
                "id": "15",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "6"
            },
            {
                "id": "16",
                "measure": "finalStageBids",
                "value": 5,
                "relatedLot": "1"
            },
            {
                "id": "17",
                "measure": "smeFinalStageBids",
                "value": 1,
                "relatedLot": "1"
            },
            {
                "id": "18",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "19",
                "measure": "finalStageBids",
                "value": 3,
                "relatedLot": "3"
            },
            {
                "id": "20",
                "measure": "smeFinalStageBids",
                "value": 1,
                "relatedLot": "3"
            },
            {
                "id": "21",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "3"
            },
            {
                "id": "22",
                "measure": "finalStageBids",
                "value": 4,
                "relatedLot": "4"
            },
            {
                "id": "23",
                "measure": "smeFinalStageBids",
                "value": 1,
                "relatedLot": "4"
            },
            {
                "id": "24",
                "measure": "vcseFinalStageBids",
                "value": 0,
                "relatedLot": "4"
            }
        ]
    },
    "awards": [
        {
            "id": "1",
            "title": "Lot 7 - super lot that incorporates Lots 1, 3 and 4",
            "status": "pending",
            "date": "2026-02-13T00:00:00Z",
            "value": {
                "amountGross": 5500000,
                "currency": "GBP"
            },
            "mainProcurementCategory": "services",
            "aboveThreshold": true,
            "suppliers": [
                {
                    "id": "GB-COH-BR000105",
                    "name": "ZURICH INSURANCE COMPANY LTD"
                }
            ],
            "items": [
                {
                    "id": "1",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "1"
                },
                {
                    "id": "3",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "3"
                },
                {
                    "id": "4",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "4"
                }
            ],
            "standstillPeriod": {
                "endDate": "2026-03-03T23:59:59+00:00"
            },
            "contractPeriod": {
                "startDate": "2026-04-01T00:00:00+01:00",
                "endDate": "2029-03-31T23:59:59+01:00",
                "maxExtentDate": "2033-03-31T23:59:59+01:00"
            },
            "hasRenewal": true,
            "renewal": {
                "description": "The contract has an initial term of three years, with the inclusion of options to extend up to two x 2 year extensions, and will be contingent upon the supplier meeting agreed Performance Indicators, service levels, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "hasOptions": true,
            "options": {
                "description": "The contract has an initial term of three years, with the inclusion of options to extend up to two x 2 year extensions, and will be contingent upon the supplier meeting agreed Performance Indicators, service levels, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "relatedLots": [
                "1",
                "3",
                "4"
            ],
            "documents": [
                {
                    "id": "015741-2026",
                    "documentType": "awardNotice",
                    "noticeType": "UK6",
                    "description": "Contract award notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/015741-2026",
                    "datePublished": "2026-02-20T14:41:51Z",
                    "format": "text/html"
                }
            ],
            "assessmentSummariesDateSent": "2026-02-20T00:00:00Z",
            "milestones": [
                {
                    "id": "1",
                    "type": "futureSignatureDate",
                    "dueDate": "2026-03-20T23:59:59Z",
                    "status": "scheduled"
                }
            ]
        },
        {
            "id": "2",
            "title": "Lot 2 - Industrial & Commercial Property",
            "status": "active",
            "date": "2026-02-13T00:00:00Z",
            "value": {
                "amountGross": 730000,
                "currency": "GBP"
            },
            "mainProcurementCategory": "services",
            "aboveThreshold": false,
            "suppliers": [
                {
                    "id": "GB-COH-BR000105",
                    "name": "ZURICH INSURANCE COMPANY LTD"
                }
            ],
            "items": [
                {
                    "id": "2",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "2"
                }
            ],
            "contractPeriod": {
                "startDate": "2026-04-01T00:00:00+01:00",
                "endDate": "2029-03-31T23:59:59+01:00",
                "maxExtentDate": "2033-03-31T23:59:59+01:00"
            },
            "hasRenewal": true,
            "renewal": {
                "description": "The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "hasOptions": true,
            "options": {
                "description": "The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "relatedLots": [
                "2"
            ],
            "documents": [
                {
                    "id": "015741-2026",
                    "documentType": "awardNotice",
                    "noticeType": "UK6",
                    "description": "Contract award notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/015741-2026",
                    "datePublished": "2026-02-20T14:41:51Z",
                    "format": "text/html"
                }
            ],
            "assessmentSummariesDateSent": "2026-02-20T00:00:00Z",
            "milestones": [
                {
                    "id": "1",
                    "type": "futureSignatureDate",
                    "dueDate": "2026-03-20T23:59:59Z",
                    "status": "scheduled"
                }
            ]
        },
        {
            "id": "3",
            "title": "Lot 5 & Lot 6",
            "status": "active",
            "date": "2026-02-13T00:00:00Z",
            "value": {
                "amountGross": 450000,
                "currency": "GBP"
            },
            "mainProcurementCategory": "services",
            "aboveThreshold": false,
            "suppliers": [
                {
                    "id": "GB-COH-02989025",
                    "name": "RISK MANAGEMENT PARTNERS LTD."
                }
            ],
            "items": [
                {
                    "id": "5",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "5"
                },
                {
                    "id": "6",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66510000",
                            "description": "Insurance services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKJ11",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "6"
                }
            ],
            "contractPeriod": {
                "startDate": "2026-04-01T00:00:00+01:00",
                "endDate": "2029-03-31T23:59:59+01:00",
                "maxExtentDate": "2033-03-31T23:59:59+01:00"
            },
            "hasRenewal": true,
            "renewal": {
                "description": "The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "hasOptions": true,
            "options": {
                "description": "The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority."
            },
            "relatedLots": [
                "5",
                "6"
            ],
            "documents": [
                {
                    "id": "015741-2026",
                    "documentType": "awardNotice",
                    "noticeType": "UK6",
                    "description": "Contract award notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/015741-2026",
                    "datePublished": "2026-02-20T14:41:51Z",
                    "format": "text/html"
                }
            ],
            "assessmentSummariesDateSent": "2026-02-20T00:00:00Z",
            "milestones": [
                {
                    "id": "1",
                    "type": "futureSignatureDate",
                    "dueDate": "2026-03-20T23:59:59Z",
                    "status": "scheduled"
                }
            ]
        }
    ]
}