---
title: "Provision of Surety Bonds"
ocid: "ocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "MINISTRY OF JUSTICE"
published: "2023-05-11"
---

# Provision of Surety Bonds

Buyer: MINISTRY OF JUSTICE  
Current stage: Award  
OCID: ocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac

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## Summary

The Ministry of Justice is running a procurement process for the provision of Surety Bonds. This opportunity falls under the "Insurance and pension services" industry category. The tender involves appointing insurance brokers for the management of surety bonds. The tender period ends on October 14, 2022. The contract is valued at £3,110,517 GBP and is set to start on April 1, 2023, with a completion date of March 31, 2028. The Ministry of Justice, located in London, is the buying organisation. The procurement method is an open procedure above the threshold.

This tender for the provision of Surety Bonds by the Ministry of Justice offers opportunities for businesses in the insurance and financial sectors. Small and medium-sized enterprises (SMEs) in particular can benefit from this tender. Interested companies are required to register their details on the esourcing portal to access the tender documents. The contract period extends until March 31, 2030, providing a stable and long-term opportunity for successful bidders to grow their business and establish strong partnerships within the insurance industry.

## Notice

To appoint an insurance broker, or brokers who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers for the provision of surety bonds. The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties. The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply the CoP for an appropriate deputyship order. Where the CoP appoints a Deputy, it may require a surety bond to be in place for the protection of the person's property and, or finance. The Surety Bond is a guarantee to pay any financial losses arising from the Deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/39defcf5-67fd-4934-b454-8ffec4d19391 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 May 2023 |
| Submission deadline | 13 Oct 2022 |
| Future notice date | Not specified |
| Award date | 13 Jan 2023 |
| Contract period | 31 Mar 2023 - 31 Mar 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,110,517 |
| Lots value | Not specified |
| Awards value | £3,110,517 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | MINISTRY OF JUSTICE |
| Locality | LEEDS |
| Post town | Leeds |
| Postcode | LS1 4AP |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | HOWDEN INSURANCE BROKERS; INSYNC INSURANCE SOLUTIONS; MARSH |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 11 May 2023 at 14:21 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/39defcf5-67fd-4934-b454-8ffec4d19391
- 26 Sep 2022 at 14:47 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d783de5a-2318-4400-aaa7-ed64635291f7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/39defcf5-67fd-4934-b454-8ffec4d19391
  11th May 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/d783de5a-2318-4400-aaa7-ed64635291f7
  26th September 2022 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/6838205c-d820-4f69-b6b3-81f9a5a56bd3
  Insync Insurance Solutions Ltd redacted Concession Agreement
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/9f3899c4-cf1b-409d-8490-c06ab06c2c8a
  Howden Insurance Brokers Ltd redacted Concession Agreement
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/780eaa90-cc41-4e73-8def-8365b8355d9b
  Marsh Limited redacted Concession Agreement

## Notice URLs

- https://ministryofjusticecommercial.bravosolution.co.uk

## Provenance

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