--- title: "Fine Art Insurance" ocid: "ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CITY OF LONDON CORPORATION" published: "2021-08-13" --- # Fine Art Insurance Buyer: CITY OF LONDON CORPORATION Current stage: Tender OCID: ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7.json) ## Summary The City of London Corporation is facilitating a procurement process for Fine Art Insurance, targeted at service providers in the insurance industry. This opportunity is classified under insurance services and is based in London, with a tender period that concludes on 16 September 2021. The contract is expected to commence on 25 December 2021, lasting for a total of three years, with a potential two-year extension, subject to performance. The total estimated contract value for this five-year period is £700,000, translating to an annual value of approximately £140,000. This procurement is being conducted through a selective method, specifically a Competitive Procedure with Negotiation, requiring interested organisations to submit a Selection Questionnaire for consideration. This tender presents a significant opportunity for businesses specialising in insurance services, particularly those experienced in fine art coverage. Companies that meet the selection criteria and can demonstrate their capability in managing high-value assets will be well-positioned to compete. The structured nature of this procurement, alongside the long-term contract options, allows suppliers to establish a sustainable partnership with the City of London Corporation, potentially leading to further growth and collaboration in the insurance sector. ## Notice The City of London Corporation (the City) seeks the provision of Fine Art Insurance. Organisations wishing to take part in this project are invited to "express interest" which will give access to the Selection Questionnaire (SQ) and drafts of the procurement documents in the e-tendering system (www.capitalesourcing.com) Any questions relating to this procurement must be made via the correspondence area in the e-Tendering system, in accordance with the procurement documents. The procurement is being run as a Competitive Procedure with Negotiation. Any organisation that considers itself able to meet the requirements of the selection criteria within the Selection Questionnaire will be invited to submit a tender. The description of the service is set out in the procurement documents, particularly the specification - available from: https://www.capitalesourcing.com The City is seeking tender responses based upon a Long Term Agreement of 3 years with an option to extend for a further 2 years, subject to performance, budgetary conditions and internal governance. The contract value stated is for the 5 year period. The estimated contract value given is for the full duration of the contract including the maximum possible extensions. The estimated annual contract value is therefore PS140,000 Additional information: This procurement process is being undertaken using the electronic tendering system 'Capital eSourcing' (url: www.capitalesourcing.com). Suppliers will need to register an interest on the system in order to participate and registration is free. This procurement process is being conducted in successive stages and you will only be invited to submit an initial tender if you have been successful and shortlisted from the first stage, i.e. pre-qualification. If you wish to be considered you must complete and submit a completed Selection Questionnaire (SQ) by the specified closing date and time. Submissions cannot be uploaded after this return deadline. Other than the Selection Questionnaire (SQ), the procurement documentation submitted at the date of this Notice is draft documentation and the Council reserves the right to amend, augment and supplement any document. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ed94f54e-2d0a-4641-824b-1d551d3822c4 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Aug 2021 | | Submission deadline | 16 Sep 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 25 Dec 2021 - 24 Dec 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £700,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CITY OF LONDON CORPORATION | | Locality | LONDON | | Post town | Central London | | Postcode | EC2P 2EJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Islington | | Electoral ward | Clerkenwell | | Westminster constituency | Islington South and Finsbury | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 13 Aug 2021 at 13:59 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/ed94f54e-2d0a-4641-824b-1d551d3822c4 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/ed94f54e-2d0a-4641-824b-1d551d3822c4 13th August 2021 - Opportunity notice on Contracts Finder - http://www.capitalesourcing.com Link to electronic tendering system ## Notice URLs - https://www.capitalesourcing.com ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d24fadc0-1db3-42ce-9804-22eb8515d5a7.json.