PS.

Insurance Broker Services

HS1 LIMITED (trading as London St. Pancras Highspeed)contractFind a Tender ↗Ref ocds-h6vhtk-06708bProcurement Act 2023Utilities regimepending

Estimated value

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Awarded value

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Awarded 10 Jun 2026

Suppliers

1

Lots

1

1 awarded

Published

16 Jun 2026

Description

Under its Concession Agreement with the DfT, London St. Pancras Highspeed (LSPH) is required to source a range of insurance policies. These policies must provide levels of cover which are specified in Schedule 5 (pages 150 - 157) of the Concession Agreement, which is available on LSPH's website at https://stpancras-highspeed.com/our-company/regulatory/regulatory-docs/ . LSPH is seeking to appoint an Insurance Broker to deliver its obligations at optimal cost, whilst minimising risk to LSPH. LSPH will be replacing its current Insurance Broker Services contract in July 2026. The contract will be for 5 years with an option to extend up to 3 more years, to deliver the services, to be defined in more detail in the ITT stage of this procurement - for those suppliers that are successful in the initial PSQ stage. The successful tenderer will ensure that all the required policies are placed for the initial annual insurance renewal date, which is 14th November 2026, and subsequent years thereafter.

Scope

Reference
2025-12
Commercial tool
Standalone contract
Contract dates
01 Jul 2026 to 30 Jun 2031
Possible extension to 30 Jun 2034

Possible annual extensions - up to a maximum of 3 additional years, making the maximum possible total term equal 8 years.

CPV classifications
66518100
66514130
66518000
Contract locations
UK, United Kingdom

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
Stage 2 - ITT Scored questionsQuestions to be scored will be made available to tenderers that are shortlisted at the end of the Stage 1 PSQ. All questions and their respective weighting will be made available at the ITT stage. for all shortlisted tenderers. Details of the PSQ assessment are stated in the 2 Attachments provided on our e-sender's portal - link provided in the 'Submission' section.quality60.00%
Stage 2 - ITT PricingAll pricing submissions for year 1 will be compared. The lowest priced will score the full 40%. All other tenderers price will scored as a comparison to the cheapest tenderer's price using the formula: cheapest tenderer's price / tendered price X 40% So for example, if the lowest price, quoted by Supplier A for year 1, is £5.5m, and supplier B quoted £5.8m, then Supplier A (the cheapest) will score the full 40%; Supplier B will score 37.9%, calculated as follows: 5.5 / 5.8 X 40% = 37.9%price40.00%

Participation

Conditions suppliers must meet to bid.

Details provided in Attachment 2, provided as an attachment to this call for competition - access via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.

Submission & procedure

Procedure
Competitive flexible procedure

Award details

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

Awarded value

—

Award date

10 Jun 2026

Contract start

30 Jun 2026

Contract end

30 Jun 2031

Awarded to
ML
Marsh Limited
CH 01507274