---
title: "Provision of Surety Bonds"
ocid: "ocds-h6vhtk-036b87"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036b87"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-036b87.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-036b87.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "MINISTRY OF JUSTICE"
published: "2022-09-26"
---

# Provision of Surety Bonds

Buyer: MINISTRY OF JUSTICE  
Current stage: Tender  
OCID: ocds-h6vhtk-036b87

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-036b87.json)

## Summary

The Ministry of Justice has initiated a tender for the provision of Surety Bonds within the services category. The contract framework aims to cover the performance of Deputies appointed by the Court of Protection. The main objective is to secure a guarantee for potential financial losses resulting from a deputy's failure to fulfil their duty. The tender is currently in the active stage and has a value of £3,110,517.5 GBP. The procurement process involves selecting an insurance broker or brokers to manage the provision of surety bonds. The submission deadline for this tender is 14th October 2022 at 12:00 PM.

This tender opportunity offered by the Ministry of Justice presents potential business growth prospects for insurance companies and financial services providers. Companies operating in the insurance and pension services sector, specifically those authorised under the Financial Services and Markets Act 2000, are suited to participate. Moreover, businesses with experience in financial risk management and compliance with legal requirements would find this tender particularly relevant. Engaging in this procurement process can lead to establishing long-term partnerships with the Ministry of Justice and expanding service offerings within the public sector.

## Notice

The Office of the Public Guardian (OPG) expects to put in place a contract framework for the provision of Surety Bonds covering the performance of Deputies appointed by the Court of Protection (CoP).

### Lot Information

Lot 1

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 to 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 | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/026899-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Sep 2022 |
| Submission deadline | 14 Oct 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | At least 6 months prior to the expiry of the contract. |

## Values

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

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | MINISTRY OF JUSTICE |
| Locality | LONDON |
| 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

- 66500000 - Insurance and pension services

## Release History

- 26 Sep 2022 at 14:22 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026899-2022

## Notice URLs

- https://ministryofjusticecommercial.bravosolution.co.uk
- https://www.gov.uk/government/organisations/ministry-of-justice

## 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-h6vhtk-036b87. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-036b87.json.