Provision of Surety Bonds for the Office of the Public Guardian

Concepts

• office of the public guardian
• insurance and pensions
• leeds
• provision of surety bonds
• management of the provision of surety bonds
• public guardian
• the public guardian
• surety bond
• value of the surety bond
• opg

Location

United Kingdom:

Description

The Office of the Public Guardian (OPG) expects to put in place a contract framework for the provision of Surety Bonds covering the performance of Deputies appointed by the Court of Protection (CoP).

Total Quantity or Scope

To appoint an insurance broker, or brokers, who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers, for the provision of surety bonds. The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties. The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply to the CoP for an appropriate deputyship order. Where the CoP appoints a deputy, it may require a surety bond to be in place for the protection of the person's property and, or, finance. The Surety Bond is a guarantee to pay any financial losses arising from the deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.

CPV Codes

• 66500000 - Insurance and pension services
• 66510000 - Insurance services

Legal Justification

This contract is subject to the Concession Contract Regulations 2016 therefore it is permissible to run the contract beyond 4 years

Other Information

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