High Value Commercial Buildings Insurance
key details
| Status | complete |
|---|---|
| Region | London |
| Procedure | direct |
| OCID | ocds-h6vhtk-04efa3 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| CHUBB EUROPEAN GROUP LTD | £1,741,044 | 18 Mar 2025 | active |
description
The services contract is for high value commercial buildings insurance to provide full reinstatement cover for larger commercial buildings in borough such as shopping centres and other commercial buildings at a competitive premium.
The council ran an open tender process which illustrated that the public sector insurance market does not currently have the appetite or capacity to provide full reinstatement cover for larger commercial buildings.
The Contract is being awarded using the Direct Award (Urgency) process in accordance with Section 41 and Schedule 5 (Direct Award Justifications, (13 and 14)) of the Procurement Act
2023
notice history
3 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 20 Mar 2025 | Transparency notice (UK5) | Procurement Act 2023 | 010377-2025 |
| 7 Apr 2025 | Contract award (UK6) | Procurement Act 2023 | 013337-2025 |
| 6 May 2025 | Contract details (UK7) | Procurement Act 2023 | 019103-2025 |
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source
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