Published date: 11 May 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 13 October 2022, 12pm

Contract summary

Industry

  • Insurance and pension services - 66500000

Location of contract

Any region

Value of contract

£3,110,517

Procurement reference

tender_314778/1212764

Published date

11 May 2023

Closing date

13 October 2022

Closing time

12pm

Contract start date

1 April 2023

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


Description

To appoint an insurance broker, or brokers who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers for the provision of surety bonds.
The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties.
The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply the CoP for an appropriate deputyship order.
Where the CoP appoints a Deputy, it may require a surety bond to be in place for the protection of the person's property and, or finance. The Surety Bond is a guarantee to pay any financial losses arising from the Deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.


More information

Previous notice about this procurement

Provision of Surety Bonds

  • Opportunity
  • Published 26 September 2022

Attachments


Award information

Awarded date

13 January 2023

Contract start date

1 April 2023

Contract end date

31 March 2028

Total value of contract

£3,110,517

This contract was awarded to 3 suppliers.

Howden Insurance Brokers Ltd

Address

One Creechurch Place, London

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

Marsh Limited

Address

1 Tower Place West, Tower Place, London

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

Insync Insurance Solutions Ltd

Address

7th Floor Corn Exchange, 55 Mark Lane, London

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No


About the buyer

Address

102 Petty France
London
SW1H 9AJ
England

Email

ccmdfinancialservices@justice.gov.uk