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Insurance Procurement
AI Summary
Local Space Limited is inviting formal submissions for a comprehensive corporate insurance supply, divided into Property Stock Insurance and Combined Liability Insurance. Each component will be evaluated and awarded independently, permitting a single supplier or multiple suppliers to fulfil either or both lots. The contract will initially span three years, commencing 9 February 2027, with the possibility of two additional one‑year extensions subject to satisfaction of performance, budget, and value‑for‑money criteria.
The Property Stock Insurance lot covers the organisation’s physical premises, shielding against property damage, business interruption, and property owners’ liability, and requires associated risk‑management, claims handling, and reporting services as defined in the Technical Specification. The Combined Liability Insurance lot encompasses employer’s, public, and product liability coverage, with potential inclusion of pollution liability, and likewise demands robust claims handling, reporting, and risk‑management support in line with the technical standards.
Cover must be provided in accordance with the Technical Specification, clearly outlining any qualifications, exclusions, conditions, or variations from the prescribed requirements. The insurance provider is expected to comply with the stated risk‑management, reporting, and service standards.
Description
The procurement comprises the following Lots:
Lot 1: Property Stock Insurance
Lot 2: Combined Liability Insurance, comprising employers' liability, public liability, products liability and associated liability risks as specified in the associated tender documents.
Tenderers may tender for one or both Lots. Each Lot will be evaluated and awarded separately. Local Space Limited reserves the right to award the Lots to the same or different Tenderers in accordance with the published award criteria.
The Contract will have an initial term of three years, commencing on 9 February 2027, with the option for Local Space Limited to extend the Contract by up to two further periods of one year each. The maximum potential Contract term is therefore five years.
The requirements, scope of cover, limits, excesses, service standards, claims handling requirements, Conditions of Participation, pricing requirements and award criteria are set out in the associated tender documents.
Contract location: UKC
Communication: https://www.delta-esourcing.com/delta/respondToList.html?accessCode=J679Z99MKN
This is a recurrent procurement: Yes
Submission address and any special instructions: https://www.delta-esourcing.com/delta/respondToList.html?accessCode=J679Z99MKN
Tenders may be submitted electronically: allowed
Award decision date (estimated): 2026-12-18T23:59:59Z
Recurring procurement:
Publication date of next tender notice (estimated): 2031-10-01T23:59:59+01:00
Lot: 1
Description: Local Space Property Stock Insurance Provision of property insurance and associated services for Local Space Limited's property portfolio. The requirement includes property damage and related business interruption risks and may include property owners' liability, together with the associated claims handling, risk management, reporting and service requirements specified in the associated tender documents. Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.
Lot value (estimated)
540.000,00 GBP excluding VAT
540.000,00 GBP including VAT
This contract is subject to renewal: Yes
Description of renewals: Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each. Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.
Information about options. Options: Yes
Lot: 2
Description: Provision of combined liability insurance and associated services for Local Space Limited. The requirement includes: employers' liability insurance; public liability insurance; products liability insurance; pollution liability and associated liability risks where specified; claims handling; claims reporting; risk management; and the related service requirements set out in the associated tender documents. Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.
Lot value (estimated)
160.000,00 GBP excluding VAT
160.000,00 GBP including VAT
This contract is subject to renewal: Yes
Description of renewals: Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each. Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.
Information about options. Options: Yes
Award criteria:
| Name | Type | Weighting |
|---|---|---|
| Price | price | 60% |
| Quality Technical and Social Value | quality | 40% |
Languages in which tenders or requests to participate may be submitted: En