Stale Pre-tender

Insurance Policies - December Renewals (Property, Business Interruption, Contract Works and Money)

Details

Value
£99,300,000
Topic
Property insurance services
Published
23 April 2026
Submission
27 May 2026

Tender description

The City Corporation procures property insurance cover to limit the financial consequences arising out of significant damage to its assets and to meet its contractual obligations to leaseholders. The property insurance schedule consists of some 700 buildings/structures covering corporate, investment and residentail estates with a total insured value of c.£23BN. The property insurance will cover the cost of repair or replacement arising out of material damage to buildings/structures, contents, stock, and computers, and the consequential financial losses arising out of a comprehensive range of insured events. Included in the scope of the contract will be buildings/structures, contents, stock, computers, rent and business interruption values.

Timeline

  1. Completed: Pre-tender published23 April 2026
    Current notice

About the buyer

City of London Corporation buys as a local authority, and sets out its own procurement policies and requirements for suppliers. Its City Fund draws on rental and interest income from the Corporation's own property, alongside business rates and council tax. New tender opportunities are advertised through the Corporation's Sourcing and Contracts Portal, where suppliers register. Lower-value opportunities also appear on Contracts Finder, with higher-value contracts advertised on Find a Tender. A three-year Commercial Pipeline gives suppliers early visibility of larger opportunities. The Corporation also runs soft market testing to shape future procurements with suppliers.

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 City of London Corporation's contract awards have been in architectural and engineering services, business services and construction work.

Relevant CPV codes

  • 66515200 · Property insurance services

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Decision makers

Connect with the people behind this procurement.

Contact nameJob titlePhone numberWork email
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Senior Buyer+44 •••• ••••••
Contracts Manager+44 •••• ••••••

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