Published date: 21 June 2022

Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.


Approach to market date: 25 July 2022

Contract summary

Industry

  • Insurance services - 66510000

Location of contract

Any region

Value of contract

£3,110,517.50

Procurement reference

tender_309207/1081062

Published date

21 June 2022

Approach to market date

25 July 2022

Contract start date

3 April 2023

Contract end date

31 March 2028

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 to 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

Links

Additional text

Please register your interest as a provider by registering on the esourcing portal below and by emailing the ccmdfinancialservices@justice.gov.uk functional mailbox

About the buyer

Contact name

Ministry of Justice

Address

5 Wellington PLace
Leeds
LS1 4AP
England

Email

ccmdfinancialservices@justice.gov.uk

Website

https://ministryofjusticecommercial.bravosolution.co.uk