---
title: "Property Damage & Business Interruption"
ocid: "ocds-h6vhtk-05865d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05865d"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05865d.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05865d.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LIVERPOOL HOPE UNIVERSITY"
published: "2025-08-12"
---

# Property Damage & Business Interruption

Buyer: LIVERPOOL HOPE UNIVERSITY  
Current stage: Award  
OCID: ocds-h6vhtk-05865d

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## Summary

Liverpool Hope University, a public authority operating at the sub-central government level, has recently completed a procurement process to secure a "Property Damage & Business Interruption" insurance policy. This contract addresses material damage, business interruption, machinery breakdown, and computer breakdown. Located at Hope Park, Taggart Avenue, Liverpool, the university was compelled to make a direct award for this component due to unsuccessful results from a recent competitive tendering procedure, exacerbated by the imminent expiration of existing insurance contracts. The procurement process, categorized under "services" within the insurance industry, was awarded as a direct procurement method without competition, as per Section 43 of the Procurement Act 2023, to Aviva Insurance Limited on 12th August 2025. The coverage period extends from 14th August 2025 to 31st July 2026.

This tender offers substantial opportunities for firms specialising in insurance services, particularly those capable of providing innovative and cost-effective solutions for complex institutional needs. Although this particular contract was awarded directly due to time constraints and value-for-money considerations, insurance providers can prepare to engage in future competitive tenders by maintaining agility and market awareness to meet stringent public sector demands. Companies of varying sizes could benefit, with an emphasis on those exhibiting robust capability in tailoring comprehensive coverage solutions at competitive rates, thereby positioning themselves as viable contenders for similar future contracts.

## Notice

Property Damage & Business Interruption: Policy for material damage, business interruption, machinery breakdown and computer breakdown combined. This notice concerns a necessary portion of insurance cover for which a recent competitive tendering procedure, conducted via a framework agreement (YPO DPS Ref: 001198), did not yield a suitable result. The tenders received for this specific component of cover were demonstrably substantially above the prevailing market rate, preventing a complete award under the established framework. To have proceeded would have resulted in poor value for money being achieved. Neither was full retendering possible due to the imminent expiration of existing insurance provisions. Given the critical nature of this insurance cover for continued operations, and in accordance with Section 43 of the Procurement Act 2023 concerning switching to direct award when suitable tenders are not received, a direct award for this sub-threshold element of the cover is being made. This action is taken to ensure the University has 12 months of full, essential coverage, reflecting the extreme and unavoidable urgency of the situation, which could not have been reasonably foreseen or attributed to the contracting authority.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/048119-2025 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Below threshold - without competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Aug 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 11 Aug 2025 |
| Contract period | 13 Aug 2025 - 31 Jul 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £124,147 |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LIVERPOOL HOPE UNIVERSITY |
| Locality | LIVERPOOL |
| Post town | Liverpool |
| Postcode | L16 9JD |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD7 Merseyside |
| ITL 3 | TLD72 Liverpool |
| Local authority | Liverpool |
| Electoral ward | Childwall |
| Westminster constituency | Liverpool Wavertree |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVIVA INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 12 Aug 2025 at 14:32 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/048119-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/048119-2025
  12th August 2025 - Contract award notice on Find a Tender

## Notice URLs

- https://www.aviva.co.uk/business/
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-05865d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05865d.json.