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Insurance Services

LOCAL SPACE

This public procurement record has 2 releases in its history.

TenderCancellation

28 Apr 2026 at 16:13

UK12 - Procurement Termination Notice
Tender

07 Jan 2026 at 12:03

UK4 - Tender Notice
Summary of the contracting process

Local Space, a sub-central government body based in London, initially issued a tender for insurance services with Arthur J. Gallagher (UK) Limited serving as the procuring entity. The tender aimed to secure a provider for various insurance covers, including property stock, public and employers’ liability, terrorism, excess liability, crime, and directors and officers liability insurance for a potential three-year contract, extendable by two additional years. The procurement process followed a competitive flexible procedure, involving a two-stage process consisting of an invitation to tender and a best & final offer. Despite being active as of January 2026, the tender process was later cancelled in April 2026 due to a reassessment of obligations by the contracting authority.

The tender presented significant business growth opportunities for insurance providers, particularly small and medium-sized enterprises. With the prospect of a long-term contract worth up to £675,000, businesses with expertise in property, liability, and specialty insurance like terrorism and crime coverage would have been well-positioned to compete. The ability to offer competitive pricing and high-quality services was a crucial factor in the award criteria. Despite its cancellation, similar tenders may be forthcoming, allowing businesses to refine their offerings and readiness for such opportunities.

How relevant is this notice?

Notice Information

Notice Title

Insurance Services

Notice Description

Local Space are tendering for the provision of Insurance Services for a potential 3 year contract with the option to extend by a further 2 years. Our insurance cover requirements include the following - * Property Stock Insurance * Public & Employers' Liability Insurance * Terrorism Insurance * Excess Liability Insurance * Crime Insurance * Directors & Officers Liability Insurance

Lot Information

Property Stock

Provision of Insurance cover for Property stock in England.

Renewal: A 2 year extension is permissible

Combined Liability

Provision of Combined Liability Insurance

Renewal: A 2 year extension is permissible

Terrorism

Provision of Terrorism insurance

Renewal: A 2 year extension is permissible

Excess Liability

Provision of Excess Liability insurance

Renewal: A 2 year extension is permissible

Crime

Provision of insurance against loss due to crime

Renewal: A 2 year extension is permissible

Directors and officers liability

Provision of directors and officers liability insurance

Renewal: A 2 year extension is permissible

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0600dc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/038778-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK12 - Procurement Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66513000 - Legal insurance and all-risk insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

Notice Value(s)

Tender Value
£675,000 £500K-£1M
Lots Value
£675,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 May 2026 - 30 Apr 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Cancelled
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LOCAL SPACE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E15 4BZ
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Newham
Electoral Ward
Stratford
Westminster Constituency
Stratford and Bow

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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