--- title: "Provision of Guardianship (Missing Persons) Surety Bonds" ocid: "ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c.json" source: "Contracts Finder" current_stage: "Planning" buyer: "MINISTRY OF JUSTICE." published: "2019-02-08" --- # Provision of Guardianship (Missing Persons) Surety Bonds Buyer: MINISTRY OF JUSTICE. Current stage: Planning OCID: ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c.json) ## Summary The Ministry of Justice is initiating a procurement process for the "Provision of Guardianship (Missing Persons) Surety Bonds" within the financial and insurance services industry. Currently in the planning stage, the tender aims to establish a contract for providing surety bonds that support guardians of missing persons. The engagement end date for market participants is set for 28 February 2019, while the contract is expected to commence in July 2019, lasting for two years with possible extensions. Interested suppliers are encouraged to register for a supplier engagement day happening in Birmingham on 18 February 2019, with a deadline for expressing interest by 15 February 2019. This procurement opportunity presents significant growth potential for businesses specialising in insurance brokerage and surety services. Companies with experience in administering financial guarantees or security bonds would be particularly well-suited to compete for this contract. Given the requirement for a responsible insurance broker to oversee the provision of the surety bonds, firms with strong regulatory compliance and a track record in managing such financial instruments would be key contenders in this competitive tendering environment. ## Notice The Office of the Public Guardian (OPG) is an executive agency of the Ministry of Justice (MoJ) that supports the Public Guardian in discharging his duties. The OPG expects to put in place a contract for the provision of surety bonds, also called security bonds, to cover the performance of guardians of missing persons. The tender process will appoint an insurance broker who will be responsible and accountable for the administration and management of the provision of surety bonds. The broker will be responsible for the procurement exercise to select suitable insurer/ insurers for the provision of surety bonds. The Guardianship (Missing Persons) Act 2017 (the Act) was passed to assist families and others to look after the property and financial affairs of a person who is missing. The Act, which comes into force in July 2019, empowers the High Court to appoint a guardian to take control of the property or financial affairs of a missing person. Guardians will be required to act in the best interests of the missing person and to ensure they are carrying out their duties accordingly. The High Court will make an order appointing a guardian, which will specify whether a surety bond is required. The court will decide on the value of the surety. The surety bond is a guarantee to pay any financial losses arising from the Guardian's improper performance or failure to exercise their functions. Guardians will be supervised by the Office of the Public Guardian. The role of the Public Guardian will be similar to his role in the registration and supervision of deputies appointed in respect of persons lacking mental capacity under the Mental Capacity Act 2005. Additional information: The purpose of this PIN is to: a) Inform the market of the prospective opportunity regarding the provision of surety bonds in respect of guardianship of missing persons. b) Notify the market of the supplier engagement day which will take place on Monday 18 February in Birmingham. In the first instance, suppliers should register their interest in attending the supplier day by sending an email to Dashini Ramrous (Dashini.Ramrous1@justice.gov.uk). The email should include company name, supplier representative names (up to 2 attendees) and their contact details (email address and telephone number). The deadline for expressing an interest is 15 February 2019. The Ministry of Justice will then issue an invite to all interested parties and confirm the location, timing and agenda. (c) The contract duration is expected to be two years with the option to extend for two periods of one year (2 + 1 + 1) with an expected start date of July 2019. (d) The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/adc89f18-5ead-4cee-baa1-8fd66ee5d4ca | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 8 Feb 2019 | | Submission deadline | Not specified | | Future notice date | 28 Feb 2019 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | MINISTRY OF JUSTICE. | | Locality | 102 PETTY FRANCE | | Post town | South West London | | Postcode | SW1H 9AJ | | 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 | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services - 66500000 - Insurance and pension services - 66510000 - Insurance services - 66517000 - Credit and surety insurance services - 66517200 - Surety insurance services - 66518000 - Insurance brokerage and agency services - 66518100 - Insurance brokerage services ## Release History - 8 Feb 2019 at 09:47 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/adc89f18-5ead-4cee-baa1-8fd66ee5d4ca ## Documents - https://www.contractsfinder.service.gov.uk/Notice/adc89f18-5ead-4cee-baa1-8fd66ee5d4ca 8th February 2019 - Early engagement notice on Contracts Finder ## 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-de9f9441-e155-452a-b40d-0addaf206b8c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-de9f9441-e155-452a-b40d-0addaf206b8c.json.