Terrorism Insurance

A Contract Award Notice
by LONDON BOROUGH OF SUTTON

Source
Find a Tender
Type
Contract (Services)
Duration
35.5 month (est.)
Value
£517K
Sector
BUSINESS
Published
16 Apr 2025
Delivery
To 31 Mar 2028 (est.)
Deadline
n/a

Concepts

Location

Sutton

Geochart for 2 buyers and 1 suppliers

Description

The London Borough of Sutton is procuring Terrorism Insurance for the London Borough of Sutton, Royal Borough of Kingston and London Borough of Merton. There is one lot and the tender is offered on the basis of a single award. It is a requirement of this procurement that bidders must pay the London Living Wage to be considered for an award of the contract.

Total Quantity or Scope

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/

Award Detail

1 Jensten Insurance Brokers London & SE (London)
  • Terrorism Insurance
  • Reference: dn757429
  • Num offers: 5
  • Value: £517,000

Renewal Options

The contract shall be for a period of three years with an option to extend at the participating authorities sole discretion for two additional one year periods (3+2), making a total maximum contract length of five years.

Award Criteria

Quality 40.0
PRICE 60.0

CPV Codes

  • 66000000 - Financial and insurance services

Indicators

  • Options are available.
  • Award on basis of price.

Reference

Domains