Published date: 11 May 2023
Awarded contract - This means that the contract has been awarded to a supplier.
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
- Opportunity
- Published 26 September 2022
Attachments
-
- 20220826 JB V2 update Concession Agreement-JA20_9 (1)-Insync_Insurance_Limited.pdf
- Insync Insurance Solutions Ltd redacted Concession Agreement
-
- 20220826 JB V2 update Concession Agreement-JA20_9 (1)_Howden_Contract.pdf
- Howden Insurance Brokers Ltd redacted Concession Agreement
-
- 20220826 JB V2 update Concession Agreement-JA20_9 (1)_Marsh_Contract.pdf
- Marsh Limited redacted Concession Agreement
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
Share this notice
Closing: 13 October 2022, 12pm