Planning

Planned Procurement Notice - Insurance Policies - December Renewals (Property, Contract Works and Money)

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 1 release in its history.

Planning

23 Apr 2026 at 15:39

UK3 - Planned Procurement Notice
Summary of the contracting process

The Mayor and Commonalty and Citizens of the City of London is planning a procurement process for insurance policies covering property, contract works, and money, with renewals scheduled for December. The industry category is services, specifically property insurance services, and the process takes place within the City of London, United Kingdom. Key dates include the expression of interest deadline on 23rd June 2026, and the award period concluding on 25th November 2026. The procurement stage is currently in planning, with the process initiated through a competitive flexible procedure. It's noteworthy that the procurement method is selective, aiming to include an accelerated participation stage, multiple tender stages potentially involving negotiations, and finally, an award stage.

This tender offers substantial business growth opportunities, especially for companies involved in property insurance services. With coverage required for approximately 700 buildings and a total insured value nearing £23 billion, this contract is significant. Businesses with expertise in corporate, investment, and residential estates insurance would be particularly well-suited to compete. Given the competitive flexible procedure, businesses adept at navigating selective and accelerated procurement processes, and capable of creative negotiation, can leverage this opportunity to enhance their portfolio, particularly due to the high contract value and the comprehensive range of insured events covered.

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Notice Information

Notice Title

Planned Procurement Notice - Insurance Policies - December Renewals (Property, Contract Works and Money)

Notice Description

The City Corporation procures property insurance cover to limit the financial consequences arising out of significant damage to its assets and to meet its contractual obligations to leaseholders. The property insurance schedule consists of some 700 buildings/structures covering corporate, investment and residentail estates with a total insured value of c.PS23BN. The property insurance will cover the cost of repair or replacement arising out of material damage to buildings/structures, contents, stock, and computers, and the consequential financial losses arising out of a comprehensive range of insured events. Included in the scope of the contract will be buildings/structures, contents, stock, computers, rent and business interruption values.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-068a0b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037280-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK3 - Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£99,300,000 £10M-£100M
Lots Value
£99,300,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
3 Jun 20262 months to go
Award Date
Not specified
Contract Period
25 Dec 2026 - 24 Dec 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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