Terrorism Insurance

2025-01-06

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Published date: 6 January 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Financial and insurance services - 66000000

Location of contract

England

Value of contract

£360,000 to £390,000

Procurement reference

LBSUT001-DN757429-66578452

Published date

6 January 2025

Closing date

14 February 2025

Closing time

12pm

Contract start date

1 April 2025

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

What is an open procedure (above threshold)?

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Description

This tender is to procure Terrorism 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.

More information is available in the tender documents available via the London Tender Portal reference DN757429. https://www.londontenders.org/