Provision of Surety Bonds
key details
| Status | complete |
|---|---|
| Category (CPV) | 66000000 |
| Deadline | 23 Jun 2016 |
| Contract start | 1 Oct 2016 |
| Contract end | 30 Sept 2020 |
| Procedure | open |
| SME suitable | Yes |
| OCID | ocds-b5fd17-b6d3674c-adc9-11e6-9901-0019b9f3037b |
Awards (2)
This procurement was awarded to 1 suppliers. Values shown are per-award; the notice total is ·.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Howden UK Group Limited | £27,000,000 | 26 Jul 2016 | active |
| Howden UK Group Limited | £11,040,000 | 11 Jul 2016 | active |
description
The Ministry of Justice expects to put in place a contract for the Provision of Surety Bonds covering the performance of deputies appointed by the Court of Protection.
The aim is to appoint a single provider who will administer and manage the Surety Bonds, including appointing an appropriate insurer to act in relation to the provision of Surety Bonds.
Where the Court of Protection appoints a deputy it may require a surety bond to be in place for the protection of the person's property and / or finances. The surety bonds is a guarantee to pay any financial losses arising from the deputy's failure to fulfil their agreed duty. The Court of Protection decides the value of the Surety Bond.
notice history
3 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 18 Nov 2016 | Award (award) | · | 0f4e627a-2e46-4342-ab0f-41aeb6d1f473-98052 |
| 18 Nov 2016 | Planning (planning) | · | 1a3e7a96-a07b-4ca9-9ffd-943a65422d7c-87131 |
| 8 Oct 2019 | Award update (awardUpdate) | · | dcce4e41-540b-4288-9ec8-62619fb42206-318265 |
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source
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