Property Insurance (including Business Interruption) and Contractors All Risks, Computers and Money Insurance

The City of London Corporation (the City) seeks the provision of Property Insurance (including Business Interruption) and Contractors All Risks, Computers and Money Insurance. Organisations wishing to take part in this project are invited to "express interest" which will give access to the Selection Questionnaire (SQ) and drafts of the procurement documents in the e-tendering system (www.capitalesourcing.com)

Any questions relating to this procurement must be made via the correspondence area in the e-Tendering system, in accordance with the procurement documents.

The procurement is being run as a Competitive Procedure with Negotiation. Any organisation that considers itself able to meet the requirements of the selection criteria within the Selection Questionnaire will be invited to submit a tender.

The description of the service is set out in the procurement documents, particularly the specification - available from: https://www.capitalesourcing.com

The City is seeking tender responses based upon a Long Term Agreement of 3 years with an option to extend for a further 2 years, subject to performance, budgetary conditions and internal governance. The contract value stated is for the 5 year period.

The estimated contract value given is for the full duration of the contract including the maximum possible extensions. The estimated annual contract value is therefore £13,820,000.

Additional information:

This procurement process is being undertaken using the electronic tendering system 'Capital eSourcing' (url: www.capitalesourcing.com). Suppliers will need to register an interest on the system in order to participate and registration is free.

This procurement process is being conducted in successive stages and you will only be invited to submit an initial tender if you have been successful and shortlisted from the first stage, i.e. pre-qualification. If you wish to be considered you must complete and submit a completed Selection Questionnaire (SQ) by the specified closing date and time. Submissions cannot be uploaded after this return deadline.

Other than the Selection Questionnaire (SQ), the procurement documentation submitted at the date of this Notice is draft documentation and the Council reserves the right to amend, augment and supplement any document.

The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators.