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
2 buyers
- London Borough of Sutton Sutton
1 supplier
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)
|
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
- FTS 015586-2025