Awarded contract

Property and Commercial Property Insurance

Details

Value
£2,194,131.75
Topic
Financial and insurance services
Published
15 April 2025

Tender 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 1: 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. Lot 2: 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. Lot 3: 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. Lot 4: 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.

Timeline

  1. Completed: Award date11 March 2025
  2. Completed: Award published15 April 2025
    Current notice

About the buyer

The London Borough of Sutton is a local authority that advertises every contract opportunity on the London Tenders Portal. Suppliers register there free of charge and receive email alerts for tenders from Sutton and seventeen more London councils. Common goods and services are bought through national and regional consortia framework agreements in the interests of efficiency and economy. A list of the council's current contracts is published on the ProContract register. Buying follows the council's Procurement Strategy 2023 to 2027 and its Social Value Strategy. A Premier Supplier Programme pays registered suppliers earlier in return for a discount.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of London Borough of Sutton's contract awards have been in transport services, construction work and health and social work.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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