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Provision of Surety Bonds

Ministry of Justice Published 26 Sept 2022 Find a Tender

key details

Value£3,110,517
Statuscomplete
Category (CPV) 66500000
Deadline13 Oct 2022
Contract start1 Apr 2023
Contract end31 Mar 2028
Procedureopen
SME suitableYes
OCIDocds-b5fd17-c9c9ccfc-088b-492a-b2e9-5afd160ea6ac

Awards (3)

This procurement was awarded to 3 suppliers. Values shown are per-award; the notice total is £3,110,517.

SupplierValueDateStatus
Howden Insurance Brokers Ltd shared £3,110,517 13 Jan 2023 active
Insync Insurance Solutions Ltd shared £3,110,517 13 Jan 2023 active
Marsh Limited shared £3,110,517 13 Jan 2023 active

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 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.

documents

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notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
26 Sept 2022 Concession notice (F24) Earlier regulations 026899-2022
11 May 2023 Award (award) · 39defcf5-67fd-4934-b454-8ffec4d19391-644226

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source

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