Corporate Insurance Services (2025)

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-05d53d-2025-10-28T15:54:57Z",
    "date": "2025-10-28T15:54:57Z",
    "ocid": "ocds-h6vhtk-05d53d",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-PPON-PWBJ-9435-VXQQ",
            "name": "Reading Borough Council",
            "identifier": {
                "scheme": "GB-PPON",
                "id": "PWBJ-9435-VXQQ"
            },
            "address": {
                "streetAddress": "Bridge Street",
                "locality": "Reading",
                "postalCode": "RG1 2LU",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKJ11"
            },
            "contactPoint": {
                "name": "Heather Hall",
                "email": "pchub@reading.gov.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://in-tendhost.co.uk/readingbc/aspx/Home",
                "classifications": [
                    {
                        "scheme": "UK_CA_TYPE",
                        "id": "publicAuthoritySubCentralGovernment",
                        "description": "Public authority - sub-central government"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-PPON-PWBJ-9435-VXQQ",
        "name": "Reading Borough Council"
    },
    "tender": {
        "id": "URN 25-S-051 RBC 00002404",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Corporate Insurance Services (2025)",
        "description": "RBC is 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",
        "status": "active",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "1"
            },
            {
                "id": "2",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "2"
            },
            {
                "id": "3",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "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"
                    },
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "4"
            },
            {
                "id": "5",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "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"
                    },
                    {
                        "region": "UKJ11",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "6"
            }
        ],
        "value": {
            "amountGross": 8500000,
            "amount": 6800000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "mainProcurementCategory": "services",
        "aboveThreshold": true,
        "submissionMethodDetails": "https://in-tendhost.co.uk/readingbc/aspx/Home",
        "submissionTerms": {
            "electronicSubmissionPolicy": "allowed",
            "languages": [
                "en"
            ]
        },
        "tenderPeriod": {
            "endDate": "2025-12-10T14:00:00+00:00"
        },
        "awardPeriod": {
            "endDate": "2026-01-20T23:59:59+00:00"
        },
        "lots": [
            {
                "id": "1",
                "title": "Property",
                "description": "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",
                "status": "active",
                "value": {
                    "amountGross": 3045000,
                    "amount": 2436000,
                    "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": "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": "2",
                "title": "Commercial property",
                "description": "This Section incorporates the following classes of business: Industrial and Commercial Properties a. Buildings b. Loss of Rent",
                "status": "active",
                "value": {
                    "amountGross": 400000,
                    "amount": 320000,
                    "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": "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": "active",
                "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": "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": "active",
                "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": "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": "active",
                "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": "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": "active",
                "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": "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"
}