Corporate Insurance Services
Estimated value
—
Awarded value
—
Suppliers
3
Lots
6
Published
20 Feb 2026
Description
We are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU Additional Insured Interests: Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026. Whilst Homes for Reading are a wholly owned Company they are not included in the tender. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority. In the event of an intended break in the Long Term Agreement the insurer must provide the Authority with 6 months' notice to enable the Authority to procure a suitable alternative. Please advise within your Tender Specification if this cannot be complied with. The Authority allows a successful Tender to transfer the insurance policies placed as a result of this Tender to another insurer during the term of the LTA provided that the new insurer is in the same ultimate as the original one, the insurer credit rating is not adversely affected and the terms and conditions of the insurance remain the same. Full details of the requirement can be found in the Specification document. The tender documents contain proposals for the works. Estimated contracted value is £8.5M over 3 years.
Scope
- Reference
- URN 25-S-051 RBC 00002404
- Commercial tool
- Standalone contract
- Contract dates
- 31 Mar 2026 to 31 Mar 2029Possible extension to 31 Mar 2033
plus 2 years and plus 2 years (4 in total)
- CPV classifications
- 66510000
- Contract locations
- Berkshire, United Kingdom
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Simple description | Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days’ notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation. | price | — |
Submission & procedure
- Procedure
- Open procedure
Award details· 3 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
—
Award date
13 Feb 2026
Contract start
31 Mar 2026
Contract end
31 Mar 2029
Lots · 6 total
Divisions of the contract. Each lot can be awarded separately.
| Lot | Title | Est. value | Status |
|---|---|---|---|
| 1 | Property | £2.4m | complete |
| 2 | Commercial property | £320k | complete |
| 3 | Casualty | £3.0m | complete |
| 4 | Motor Fleet | £640k | complete |
| 5 | Engineering | £224k | complete |