Insurance Broker Services
Estimated value
—
Awarded value
—
Suppliers
1
Lots
1
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 2031Possible 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
- 665181006651413066518000
- Contract locations
- UK, United Kingdom
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Stage 2 - ITT Scored questions | Questions 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. | quality | 60.00% |
| Stage 2 - ITT Pricing | All 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% | price | 40.00% |
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