Published date: 26 September 2022
This notice was replaced on 11 May 2023
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 11 May 2023)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Insurance and pension services - 66500000
Location of contract
Any region
Value of contract
£3,110,517
Procurement reference
tender_314778/1106436
Published date
26 September 2022
Closing date
14 October 2022
Closing time
12pm
Contract start date
1 April 2023
Contract end date
31 March 2030
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below 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 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
Additional text
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Interested Suppliers are required to register their company details on the esourcing portal https://ministryofjusticecommercial.bravosolution.co.uk in order to obtain tender documents for this opportunity.
Tenders must be completed on the system only, no email submissions will be accepted
About the buyer
Contact name
Ministry of Justice
Address
5 Wellington Place
Leeds
LS1 4AP
England
ccmdfinancialservices@justice.gov.uk
Website
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