---
title: "Insurance Procurement"
ocid: "ocds-h6vhtk-078908"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-078908"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-078908.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-078908.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "LOCAL SPACE"
published: "2026-10-16"
---

# Insurance Procurement

Buyer: LOCAL SPACE  
Current stage: Tender  
OCID: ocds-h6vhtk-078908

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## Summary

Local Space is seeking corporate insurance and associated services for its property portfolio across England. The requirement is divided into property stock insurance and combined liability insurance. Property cover includes damage and related business interruption risks, and may include property owners’ liability. The liability lot covers employers’, public and products liability, with pollution and other associated liability risks where specified. Both lots also require claims handling, reporting, risk management and related insurance services. Suppliers may bid for either or both lots, which will be assessed and awarded separately. Local Space may award them to the same provider or to different providers. This is a financial and insurance services procurement (CPV 66000000).

Local Space invited tenders through an open procedure. The tender submission deadline was 13 November 2026 at 17:00 UTC; the stated end of the award period was 18 December 2026. Both contracts are due to start on 9 February 2027 for an initial three-year term, with up to two additional one-year extensions at Local Space’s discretion. The estimated value is £540,000 for property stock insurance and £160,000 for combined liability insurance. Each lot is evaluated separately, with price weighted at 60% and quality at 40%. Quality considers cover provided, service delivery, claims handling and social value; within the quality score these carry weights of 50%, 25%, 15% and 10% respectively. Alternative insurance quotations are allowed around cover, limits, excesses and related terms.

The opportunity suits insurers and insurance service providers able to offer corporate property and liability cover across a broad English property portfolio. Bidders should be able to meet the specified technical cover requirements and clearly explain any qualifications, exclusions, conditions, restrictions or variations. Relevant strengths include managing property damage and business interruption risks, and, for the liability lot, employers’, public and products liability and any specified pollution risks. Strong claims handling, claims reporting, risk management and dependable service delivery are central to both lots. The evaluation also rewards social value, alongside price and the quality of insurance cover. Small and medium-sized businesses are identified as suitable bidders. Suppliers can focus on either insurance specialism or compete for both lots; each lot is judged independently.

## Notice

Local Space Limited is seeking Tenders for the provision of corporate insurance cover and associated insurance services. The procurement comprises the following Lots: Lot 1: Property Stock Insurance Lot 2: Combined Liability Insurance, comprising employers' liability, public liability, products liability and associated liability risks as specified in the associated tender documents. Tenderers may tender for one or both Lots. Each Lot will be evaluated and awarded separately. Local Space Limited reserves the right to award the Lots to the same or different Tenderers in accordance with the published award criteria. The Contract will have an initial term of three years, commencing on 9 February 2027, with the option for Local Space Limited to extend the Contract by up to two further periods of one year each. The maximum potential Contract term is therefore five years. The requirements, scope of cover, limits, excesses, service standards, claims handling requirements, Conditions of Participation, pricing requirements and award criteria are set out in the associated tender documents.

### Lot Information

Property Stock Insurance

Local Space Property Stock Insurance Provision of property insurance and associated services for Local Space Limited's property portfolio. The requirement includes property damage and related business interruption risks and may include property owners' liability, together with the associated claims handling, risk management, reporting and service requirements specified in the associated tender documents. Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.

Options: Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.

Renewal: Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each. Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.

Combined Liability Insurance

Provision of combined liability insurance and associated services for Local Space Limited. The requirement includes: employers' liability insurance; public liability insurance; products liability insurance; pollution liability and associated liability risks where specified; claims handling; claims reporting; risk management; and the related service requirements set out in the associated tender documents. Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.

Options: Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.

Renewal: Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each. Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/097711-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Oct 2026 |
| Submission deadline | 13 Nov 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 9 Feb 2027 - 8 Feb 2030 |
| Recurrence | 2031-10-01 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £700,000 |
| Lots value | £700,000 |
| 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 | LOCAL SPACE |
| Locality | LONDON |
| Postcode area | 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 | TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 16 Oct 2026 at 09:01 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/097711-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/097711-2026
  16th October 2026 - Tender notice on Find a Tender

## Notice URLs

- https://www.ajg.com/uk
- https://www.delta-esourcing.com/delta/respondToList.html?accessCode=J679Z99MKN
- 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-078908. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-078908.json.