Published date: 8 February 2019
Closed early engagement
Contract summary
Industry
Financial and insurance services - 66000000
Insurance and pension services - 66500000
Insurance services - 66510000
Credit and surety insurance services - 66517000
Surety insurance services - 66517200
Insurance brokerage and agency services - 66518000
Insurance brokerage services - 66518100
Location of contract
Any region
Procurement reference
tender_199069/745225
Published date
8 February 2019
Closing date
28 February 2019
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The Office of the Public Guardian (OPG) is an executive agency of the Ministry of Justice (MoJ) that supports the Public Guardian in discharging his duties.
The OPG expects to put in place a contract for the provision of surety bonds, also called security bonds, to cover the performance of guardians of missing persons.
The tender process will appoint an insurance broker who will be responsible and accountable for the administration and management of the provision of surety bonds. The broker will be responsible for the procurement exercise to select suitable insurer/ insurers for the provision of surety bonds.
The Guardianship (Missing Persons) Act 2017 (the Act) was passed to assist families and others to look after the property and financial affairs of a person who is missing. The Act, which comes into force in July 2019, empowers the High Court to appoint a guardian to take control of the property or financial affairs of a missing person.
Guardians will be required to act in the best interests of the missing person and to ensure they are carrying out their duties accordingly.
The High Court will make an order appointing a guardian, which will specify whether a surety bond is required. The court will decide on the value of the surety. The surety bond is a guarantee to pay any financial losses arising from the Guardian's improper performance or failure to exercise their functions.
Guardians will be supervised by the Office of the Public Guardian. The role of the Public Guardian will be similar to his role in the registration and supervision of deputies appointed in respect of persons lacking mental capacity under the Mental Capacity Act 2005.
More information
Additional text
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The purpose of this PIN is to:
a) Inform the market of the prospective opportunity regarding the provision of surety bonds in respect of guardianship of missing persons.
b) Notify the market of the supplier engagement day which will take place on Monday 18 February in Birmingham.
In the first instance, suppliers should register their interest in attending the supplier day by sending an email to Dashini Ramrous (Dashini.Ramrous1@justice.gov.uk). The email should include company name, supplier representative names (up to 2 attendees) and their contact details (email address and telephone number).
The deadline for expressing an interest is 15 February 2019.
The Ministry of Justice will then issue an invite to all interested parties and confirm the location, timing and agenda.
(c) The contract duration is expected to be two years with the option to extend for two periods of one year (2 + 1 + 1) with an expected start date of July 2019.
(d) The Contracting Authority intends to use an eTendering system in this procurement exercise and reserves the right to use a reverse auction.
About the buyer
Address
Ministry of Justice
102 Petty France
SW1H 9AJ
England
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Closing date: 28 February 2019
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