---
title: "High Value Commercial Buildings Insurance"
ocid: "ocds-h6vhtk-04efa3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04efa3"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04efa3.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04efa3.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUGH OF SUTTON"
published: "2025-05-06"
---

# High Value Commercial Buildings Insurance

Buyer: LONDON BOROUGH OF SUTTON  
Current stage: Award  
OCID: ocds-h6vhtk-04efa3

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04efa3.json)

## Summary

The London Borough of Sutton has awarded a contract for High Value Commercial Buildings Insurance, targeting larger commercial buildings such as shopping centres within the borough, to Chubb European Group Ltd. This procurement falls under the services category with a contract value amounting to £1,741,044 and is scheduled to run from 1 April 2025 to 30 March 2028. Due to a lack of suitable bids during the initial open tender process, the award was made using the Direct Award process under extreme and unavoidable urgency provisions of the Procurement Act 2023. Located in the UK region UKI63, this procurement covers financial and insurance services, reflecting the challenging market conditions in the public sector insurance domain.

This contract presents substantial business growth opportunities for firms capable of providing specialised insurance services tailored to meet the needs of large-scale commercial properties. Businesses with expertise in providing comprehensive insurance solutions and those with experience in handling complex public sector contracts would be well-suited to engage in this area. The direct award route highlights the urgency and necessity of securing insurance cover, inviting businesses with a robust capacity to offer competitive and diverse insurance options as potential future collaborators with similar demands across other boroughs or public sectors.

## Notice

The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023

### Procurement Information

The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023 13 Where- (a)the goods, services or works to be supplied under the public contract are strictly necessary for reasons of extreme and unavoidable urgency, and (b)as a result the public contract cannot be awarded on the basis of a competitive tendering procedure. 14 For the purpose of paragraph 13, urgency is unavoidable if it- (a)is not attributable to any act or omission of the contracting authority, and (b)could not have been foreseen by the contracting authority. The value of the contract is PS1,741,044 . It is essential that high value commercial buildings insurance is in place to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which began on 7 October 2024 with publication of an FTS notice. No suitable bids were received for Lot 2 Commercial Property Insurance for the London Borough of Sutton, which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019103-2025 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 May 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 18 Mar 2025 |
| Contract period | 31 Mar 2025 - 30 Mar 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £1,741,044 |
| Contracts value | £1,741,044 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF SUTTON |
| 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 | Sutton |
| Electoral ward | Sutton Central |
| Westminster constituency | Sutton and Cheam |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CHUBB EUROPEAN GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 6 May 2025 at 12:51 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/019103-2025
- 7 Apr 2025 at 10:31 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/013337-2025
- 20 Mar 2025 at 12:19 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/010377-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/019103-2025
  6th May 2025 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/013337-2025
  7th April 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/010377-2025
  20th March 2025 - Transparency notice on Find a Tender

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.sutton.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-04efa3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04efa3.json.