Property Insurance and Commercial Property Insurance

A Tender Notice
by LONDON BOROUGH OF SUTTON

Source
Find a Tender
Type
Contract (Services)
Duration
3 year
Value
£13M
Sector
BUSINESS
Published
07 Oct 2024
Delivery
To 29 Nov 2027 (est.)
Deadline
29 Nov 2024 12:00

Concepts

Location

Sutton

Geochart for 4 buyers and 0 suppliers

4 buyers

Description

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 Division

1 Property Insurance for London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton
  • Value: £8M

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.
2 Commercial Property Insurance for the London Borough of Sutton
  • Value: £4M

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.
3 Commercial Property Insurance for the Royal Borough of Kingston upon Thames
  • Value: £250K

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.
4 Commercial Property Insurance for the London Borough of Merton
  • Value: £500K

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.

Renewal Options

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.

Award Criteria

Quality 40.0
PRICE 60.0

CPV Codes

  • 66000000 - Financial and insurance services

Indicators

  • Restrictions apply to the lot award allocation.
  • Bids should cover one or more lots.
  • Bids should cover the whole contract.
  • Renewals are available.
  • Award on basis of price.

Reference

Domains