--- title: "Property and Commercial Property Insurance" ocid: "ocds-h6vhtk-04a68e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04a68e" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04a68e.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04a68e.json" source: "Find A Tender Service" current_stage: "Award" buyer: "LONDON BOROUGH OF SUTTON" published: "2025-04-15" --- # Property and Commercial Property Insurance Buyer: LONDON BOROUGH OF SUTTON Current stage: Award OCID: ocds-h6vhtk-04a68e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04a68e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04a68e.json) ## Summary The London Borough of Sutton, in partnership with the Royal Borough of Kingston and the London Borough of Merton, is undertaking a procurement process for Property Insurance and Commercial Property Insurance services. This tender spans four lots, allowing bidders to apply for multiple or all lots. The process is currently in the tender stage, with submissions due by 29 November 2024. The insurance services fall under the Financial and Insurance Services industry category, and all lots require payment of the London Living Wage for contract consideration. Key dates include the commencement of the contracts on 1 April 2025 and their potential extension at the end of the initial three-year period. This tender presents significant opportunities for companies in the insurance industry, particularly those specialising in property and commercial property insurance. The contracts offer considerable financial value, with Lot 1 alone valued at £8,500,000. Companies capable of managing comprehensive property coverage including Material Damage, Business Interruption, and Specified All Risks are well-suited to compete. The open procedure ensures a transparent bidding process, encouraging competitiveness and innovation. Successful suppliers, such as Protector Insurance and Zurich Municipal, may collaborate across the London boroughs, enhancing their market presence and growth prospects. ## Notice Property Insurance and Commercial Property Insurance for the London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. There are four lots and bidders can apply for all lots. Lot 1 Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. Lot 2 Commercial Property Insurance for the London Borough of Sutton Lot 3 Commercial Property Insurance for the Royal Borough of Kingston upon Thames Lot 4 Commercial Property Insurance for the London Borough of Merton It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for an award of a contract for any of the lots, including a combination of lots or all lots. ### Lot Information Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. This lot is for Property Insurance for London Borough of Sutton, Royal Borough of Kingston upon Thames and London Borough of Merton. It covers Material Damage, Business Interruption, Specified All Risks, Works In Progress (All Risks), Computer. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 1. Options: There is an option to extend the contract for one period of 24 months. Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities. Commercial Property Insurance for the London Borough of Sutton Commercial Property Insurance for the London Borough of Sutton including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further (2) two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 2. Options: There is an option to extend the contract for one period of 24 months. Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities. Commercial Property Insurance for the Royal Borough of Kingston upon Thames Commercial Property Insurance for the Royal Borough of Kingston upon Thames, including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 3. Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities. Commercial Property Insurance for the London Borough of Merton Commercial Property Insurance for the London Borough of Merton, including Material Damage and Business Interruption. The contract is for a period of three years (1 April 2025 to 31 March 2028) with an option to extend for a further two years. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for this Lot, Lot 4. Options: There is an option to extend the contract for one period of 24 months. Renewal: The contract may be extended for a period of two years at the sole discretion of the Contract Authority in consultation with the partner authorities. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/015381-2025 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 15 Apr 2025 | | Submission deadline | 29 Nov 2024 | | Future notice date | Not specified | | Award date | 11 Mar 2025 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £12,750,000 | | Lots value | £12,750,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Cancelled | | Awards status | Active, Unsuccessful | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON BOROUGH OF SUTTON | | Additional buyers | LONDON BOROUGH OF MERTON; ROYAL BOROUGH OF KINGSTON UPON THAMES | | Locality | SUTTON | | Post town | Sutton | | Postcode | SM1 1EA | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI6 Outer London - South | | ITL 3 | TLI63 Merton, Kingston upon Thames and Sutton | | Local authority | Merton | | Electoral ward | Merton Park | | Westminster constituency | Wimbledon | | Delivery location | TLI63 Merton, Kingston upon Thames and Sutton | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 2 | | Supplier names | PROTECTOR INSURANCE; ZURICH MUNICIPAL | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 15 Apr 2025 at 16:47 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/015381-2025 - 7 Oct 2024 at 15:51 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/032141-2024 ## Notice URLs - http://www.sutton.gov.uk/ - https://www.kingston.gov.uk/ - https://www.londontenders.org/ - https://www.merton.gov.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-04a68e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04a68e.json.