Insurance for Spelthorne Borough Council Investment Portfolio
Estimated value
£708k
Awarded value
—
Suppliers
0
Lots
1
Published
15 Aug 2025
Description
Suppliers are required to offer an insurance policy that will cover property and associated covers as required suitable for a property owner. This shall include cover for building, rent, property owners liability and engineering inspection and insurance for the whole portfolio. This contracted is being managed by Marsh McLennan and NHS Commercial Solutions on behalf of Spelthorne Borough Council.
Scope
- Reference
- ocds-h6vhtk-0588a5
- Total value
- £708,333 excluding VAT£850,000 including VATAbove the relevant threshold
- Commercial tool
- Standalone contract
- Contract dates
- 25 Sept 2025 to 25 Sept 2028
- Main category
- services
- CPV classifications
- 66515200
- Contract locations
- UK, United Kingdom
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Price | — | price | 50.00% |
| Terms and Conditions and Exclusions | — | quality | 20.00% |
| Cover Analysis | — | quality | 15.00% |
| Insurer Responsiveness | — | quality | 15.00% |
Participation
Conditions suppliers must meet to bid.
Suppliers must be authorized and registered with the Financial Conduct Authority (FCA)
Suppliers insurers must possess a minimum financial strength rating of 'A' or equivalent from a recognized rating agency
Submission & procedure
- Submission deadline
- 26 Aug 2025, 11:00 am
- Submission address
- https://www.marshmclennan.com/ Submissions must be made via email to mark.jackson01@marsh.com ↗
- Electronic submission
- Yes
- Procedure
- Open procedure