OPG Deputyship and Guardianship Surety Bonds

Description

The Authority is launching a tender to procure the provision of a service for surety bonds, for both deputy and guardianship bonds. The Surety Bonds requirement exists to safeguard individuals for whom a Deputy or Guardian has been appointed. In most cases, the Court of Protection requires Deputies or Guardians to provide a form of ‘security’ – a safeguard designed to protect the financial interests of individuals who lack capacity or who are missing. This security is typically provided in the form of a Surety Bond, which is guaranteed by an insurance company and remains standard practice under current legal arrangements.  The requirement is for a sole supplier to deliver the Surety Bonds for Deputies and Guadian’s consisting of:  Responsible and accountable for the end-to-end provision, administration and management of all Surety Bonds  Compliant with statutory obligations . If you are interested in this opportunity, suppliers are strongly encouraged to familiarise themselves with the guidance on registering for and using the Central Digital Platform (CDP), available via Information and guidance for suppliers - GOV.UK. Full tender documentation and submission instructions will be available when the Invitation to Tender (ITT) is formally launched. If any Concessionaire within the Technical questons receives a score of 0, or more than two scores of 1 on any questions will not be considered further. The Concessionaire’s responses to the Technical Questions (excluding the two Social Value questions) must achieve a minimum quality threshold of 55% of the total technical score to progress to the next stage. The Authority will assess all Tenders in order to identify the Supplier which has submitted the Most Advantageous Tender. Most Advantageous Tender (MAT) means the Tender that offers the best value for money based on the evaluation assessment criteria. The assessment criteria chosen to determine the MAT is Price Per Quality Point (“PPQP”). The information set out in this notice, including the nature and scope of the requirement, estimated values, and CPV classifications, is provided for guidance and may be subject to change. The Authority reserves the right to amend the procurement approach or requirements at any stage and is not bound to enter into any contract as a result of this notice.