High Value Commercial Buildings Insurance

London Borough of SuttoncontractFind a TenderRef ocds-h6vhtk-04efa3Procurement Act 2023pending
View buyer

Estimated value

Awarded value

£1.7m

Suppliers

1

Lots

1

1 awarded

Published

20 Mar 2025

Description

The contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium. The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings.

Scope

Reference
DN768070
Commercial tool
Standalone contract

Submission & procedure

Procedure
Direct award

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£1.7m

Award date

Contract start

31 Mar 2025

Contract end

30 Mar 2028

Awarded to