High Value Commercial Buildings Insurance
Buyer: London Borough of Sutton
- Published
- 6 May 2025
- Estimated value
- £1,741,044
- Place of performance
- UKI63
- Procedure
- Direct award
- Lots
- 1
- Notice number
- 019103-2025
- Reference
- ocds-h6vhtk-04efa3
- Official source
- Official source
CPV codes
- 66000000Financial and insurance services
Description
The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings. The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act 2023
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Chubb European Group Ltd | — | — |
Official publications
- FTS · 019103-2025 · 6 May 2025
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £1,741,044.
- Who is the buyer of this tender?
- The contracting authority is London Borough of Sutton (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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