https://ministryofjusticecommercial.bravosolution.co.uk

A Contract Award Notice
by MINISTRY OF JUSTICE

Source
Find a Tender
Type
Contract (Services)
Duration
7 year
Value
£3M
Sector
BUSINESS
Published
10 May 2023
Delivery
01 Apr 2023 to 31 Mar 2030
Deadline
n/a

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 3 suppliers

Description

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.

Award Detail

1 Howden Insurance Brokers (London)
  • Reference: 013272-2023-1
  • Value: £3,110,518
2 Marsh (London)
  • Reference: 013272-2023-2
  • Value: £3,110,518
3 Insync Insurance Solutions (London)
  • Reference: 013272-2023-3
  • Value: £3,110,518

Award Criteria

Technical = 80% _
Commercial = 20% _

CPV Codes

  • 66500000 - Insurance and pension services

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains