--- title: "Provision of Insurance and related services to Local Space" ocid: "ocds-h6vhtk-047c04" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-047c04" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-047c04.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-047c04.json" source: "Find A Tender Service" current_stage: "Award" buyer: "LOCAL SPACE" published: "2024-07-12" --- # Provision of Insurance and related services to Local Space Buyer: LOCAL SPACE Current stage: Award OCID: ocds-h6vhtk-047c04 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-047c04) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-047c04.json) ## Summary The Local Space contracting authority has initiated a procurement process for the provision of insurance and related services. The title of the tender is "Provision of Insurance and related services to Local Space". The main procurement category is services in the insurance industry. The procurement method is selective, with a competitive procedure involving negotiation. Key dates include the contract period starting on 9th February 2025 and ending on 8th February 2028. The location of the procurement is in the United Kingdom. This tender presents business growth opportunities for insurance service providers, especially those experienced in property, liability, and risk management services. Small or medium enterprises (SMEs) are encouraged to participate. Businesses skilled in providing a range of insurance coverages, such as property damage, liability, and cyber risks, will find this tender suitable. Local Space emphasises long-term agreements, with potential extensions based on performance. Interested parties should demonstrate financial stability and relevant professional experience to succeed in the competitive selection process. ## Notice Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Local Space ### Lot Information Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Local Space A programme of General (non-life) insurance and related services for Local Space. The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident, professional indemnity, fidelity guarantee/crime and employment practices liability. This list is to be decided at the sole discretion of Local Space. This Lot excludes: Engineering (See Lot 2), Cyber (See Lot 3), Terrorism Pool-Re (See Lot 4), Terrorism (Non-Pool Re) (See Lot 5), Directors & Officers (See Lot 6) Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Insurance and related services for Engineering Insurance and Inspection for Local Space Insurance and related services for Engineering Insurance and Inspection for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Insurance and related services associated with Cyber Risks for Local Space Insurance and related services associated with Cyber Risks for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Insurance and related services associated with Terrorism Pool-Re/Political Violence for Local Space Insurance and related services associated with Terrorism Pool-Re/Political Violence for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Local Space Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Insurance and related services associated with Directors & Officers cover for Local Space Insurance and related services associated with Directors & Officers cover for Local Space. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 Options: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. Renewal: Local Space will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/021546-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 12 Jul 2024 | | Submission deadline | 9 Aug 2024 | | Future notice date | Not specified | | Award date | 12 Jul 2024 | | Contract period | 9 Feb 2025 - 8 Feb 2028 | | Recurrence | Between 3 or 5 years from the date of this Notice | ## Values | Field | Value | | --- | --- | | Tender value | £700,000 | | Lots value | £422,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Cancelled | | Lots status | Cancelled | | Awards status | Unsuccessful | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LOCAL SPACE | | Locality | LONDON | | Post town | East London | | Postcode | E15 4BZ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI41 Hackney and Newham | | Local authority | Newham | | Electoral ward | Stratford | | Westminster constituency | Stratford and Bow | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services - 66510000 - Insurance services - 66513100 - Legal expenses insurance services - 66513200 - Contractor's all-risk insurance services - 66514110 - Motor vehicle insurance services - 66515000 - Damage or loss insurance services - 66515100 - Fire insurance services - 66515200 - Property insurance services - 66515410 - Financial loss insurance services - 66515411 - Pecuniary loss insurance services - 66516000 - Liability insurance services - 66516100 - Motor vehicle liability insurance services - 66516400 - General liability insurance services - 66516500 - Professional liability insurance services - 66517300 - Risk management insurance services - 66518000 - Insurance brokerage and agency services - 66518300 - Insurance claims adjustment services ## Release History - 12 Jul 2024 at 18:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/021546-2024 - 9 Jul 2024 at 15:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/020957-2024 ## Notice URLs - https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=875106007 - https://www.delta-esourcing.com/tenders/UK-UK-London:-Insurance-services./P23673TUV7 - https://www.localspace.co.uk/ ## 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-047c04. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-047c04.json.