TenderlineUK
Procurement Intelligence
Official OCDSSearch
Find a TenderOpen for tender Tender notice
Published 28 Sept 2026, 17:50 BST

Official UK procurement notice

Corporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC)

Official notice Competition analysis

Authority: London Borough of Croydon (Local council)·On behalf of: AON UK LIMITED

3 lotsServicesOpen procedureAbove threshold
Sectors: Financial and insurance services (66) Delivery: UK
Published estimate£44,100,000envelope for 3 lots · £52,920,000 inc. VAT · 1 value update
Submission deadline 6 Nov 202612:00 GMT · 36d 13h left
Lots 3see the lot list below
Contract term 5 yrsstarts 1 Apr 2027
Bids per lot · this authority 4all categories · n=26 · competition analysis ↓

What is being bought3 lots · detail below

Published requirement description

The procurement of Corporate Property, Liability and Terrorism insurance for

the Insurance London Consortium (ILC):

London Borough of Croydon

London Borough of Camden

London Borough of Haringey

London Borough of Harrow

London Borough of Islington

London Borough of Lambeth

London Borough of Tower Hamlets

The procurement is divided into the following 3 lots:

Lot 1 - Property

Lot 2 - Terrorism

Lot 3 - Casualty

The Authorities intend to award a contract for a period of five (5) years.

Contracting Authority: London Borough of Croydon, Bernard Weatherill House, 8 Mint Walk, Croydon CR0 1EA on behalf of;

London Borough of Camden

London Borough of Haringey

London Borough of Harrow

London Borough of Islington

London Borough of Lambeth

London Borough of Tower Hamlets

CPV: Financial and insurance services

Lots and requirements (3)Procurement structure

3 lots · all with a published value (£44,100,000 together) · same evaluation weights on every lot
Lot #1Property 5 yrsPublished value£28,700,000
- Lot 1 - Property Insurance - Insurer led bids only Provision of property damage insurance covering, as appropriate, buildings, contents, infrastructure, plant and equipment and other assets owned, leased or managed by consortium members. Cover shall include material damage risks and associated business interruption or loss of revenue where applicable.
Contract period: 1 Apr 2027 — 31 Mar 2032 (5 yrs)Delivery: UKTurnover guideline: ~£11,467,433/yr≈ 2× annual value
Value
£28,700,000 exc. VAT · £34,440,000 inc. VAT
66000000 Financial and insurance services

Who is likely to bid for this lot ↓

Lot #2Terrorism Insurance 5 yrsPublished value£1,700,000
- Lot 2 - Terrorism Insurance - Broker led bids accepted Provision of terrorism insurance protecting insured property and associated financial losses arising from acts of terrorism, including physical damage and any applicable consequential losses. Tenderers should detail the scope of cover, limits, exclusions and any arrangements involving Pool Re or equivalent terrorism reinsurance facilities.
Contract period: 1 Apr 2027 — 31 Mar 2032 (5 yrs)Delivery: UKTurnover guideline: ~£679,256/yr≈ 2× annual value
Value
£1,700,000 exc. VAT · £2,040,000 inc. VAT
66000000 Financial and insurance services

Who is likely to bid for this lot ↓

Lot #3Casualty Insurance 5 yrsPublished value£13,700,000
- Lot 3 - Casualty Insurance - Insurer led bids only Provision of casualty insurance programmes comprising, where required: o Public Liability o Employers' Liability o Products Liability o Officials' and Members' Liability o Professional Indemnity (where applicable) o Abuse and Molestation Liability (where applicable) o Other related liability covers identified within the Schedule of Requirements.
Contract period: 1 Apr 2027 — 31 Mar 2032 (5 yrs)Delivery: UKTurnover guideline: ~£5,474,001/yr≈ 2× annual value
Value
£13,700,000 exc. VAT · £16,440,000 inc. VAT
66000000 Financial and insurance services

Who is likely to bid for this lot ↓

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published — the tender pack may add more
How bids are scored · same split on all 3 lots
Quality: 40%Price: 60%

No conditions of participation were published on the notice; check the tender documents.

Competition analysis · published record, not a forecast of who will bid

How London Borough of Croydon buys Financial and insurance services (CPV 66) — and who usually turns up

London Borough of Croydon’s own published record, next to the Greater London market for the same work. Frameworks and DPS are kept out: they attract a different number of bids. Whole-market view: Financial and insurance services (CPV 66) →

1

How the contest usually goes

Left: this authority. Right: the market where the work is delivered. Bids and award-vs-estimate pairs are per lot, from contested contracts only — direct awards (including PA 2023 transparency notices) report one bid by definition and are left out. On Procurement Act 2023 notices the count is the tenders assessed at the final stage, not every submission received; pairs compare like with like (VAT-exclusive, or VAT-inclusive on both sides). Empty means nothing was published, not filled in from elsewhere.

This authority

London Borough of Croydon

contract notices in 36 months: 2 in division 66 (1 without competition) · 83 in all categories (6 without competition · 17 route not published)

Bids per lot
i

How many companies usually bid for work like this.

Middle value of published bid counts, one per lot, for this buyer or this region in the same sector.

Based on this buyer’s tenders in all categories, last 36 months: 26 lots. 20 lots are from Procurement Act 2023 notices (bids assessed, middle 3) and 6 from older notices (bids received, middle 5.5).

Nothing is filled in from UK-wide numbers. An empty tile means nothing usable was published.

4all categories · 36m · n=26 lots
Single-bid lots
i

How often only one company bid.

Share of lots that received exactly one bid, on the same competitions as the bids figure.

Based on this buyer’s tenders in all categories, last 36 months: 26 lots.

High means a thin market or an incumbent that is hard to beat.

8%all categories · 36m · n=26 lots
Award vs estimate
i

Do awards for work like this land above or below the estimate.

Estimate against award per lot, for this buyer or this region in the same sector.

Based on this buyer’s tenders in all categories, last 36 months: 9 pairs.

A past pattern, not a price to bid.

at estimateall categories · 36m · n=9 pairs
Deadline → award date
i

How long buyers here take to decide after bids close.

Middle value in days from the deadline to the first award notice, on competitions that published both dates.

Based on this buyer’s tenders in all categories, last 36 months: 16 notices.

Only decided tenders count, so slow ones still waiting are not in.

Last 36 months.

86dall categories · 36m · n=16 notices
Notice updates
i

How often this buyer changes a notice after publishing it.

Middle number of amendments per notice. Deadline extensions and corrections both count.

Based on this buyer’s tenders in all categories, last 24 months: 114 notices.

Last 24 months.

0all categories · 24m · n=114 notices
Awarded without competition
i

How often this buyer awards without a competition.

Direct or limited awards as a share of its notices that say which procedure was used. These routes are legal in defined cases. This is just the record.

Based on this buyer’s tenders in all categories, last 36 months: 66 notices.

Last 36 months.

9%all categories · 36m · n=66 notices
Bids per lot · history, not this notice’s lots robust · n=26
i

How the number of bidders is spread across lots.

Each lot with a published bid count is put in a band: one bid, two to three, four to six, seven or more. Real competitions only.

Based on 26 lots on 19 contested notices · all categories, last 36 months.

  • 1 bid 8%
  • 2–3 38%
  • 4–6 35%
  • 7+ 19%

Middle value 4 · 26 lots on 19 contested notices · all categories.

Winning award vs estimate robust · n=9
i

How often winners come in below, near or above the estimate.

Each lot with both an estimate and an award is placed by how far the award sat from the estimate.

Based on 9 lot pairs · all categories, last 36 months.

A past pattern, not a price to bid.

  • Below estimate 22%
  • Within ±2% 56%
  • Above estimate 22%

9 lot pairs · all categories.

The market · authority’s region

Greater London · Financial and insurance services (CPV 66)

contract notices delivered in Greater London in 36 months: 194 in division 66 (118 competed, 39 route not published) · the notice publishes no delivery location, so the authority’s registered region is used

Bids per lot
i

How many companies usually bid for work like this.

Middle value of published bid counts, one per lot, for this buyer or this region in the same sector.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 98 lots. 46 lots are from Procurement Act 2023 notices (bids assessed, middle 3) and 52 from older notices (bids received, middle 2).

Nothing is filled in from UK-wide numbers. An empty tile means nothing usable was published.

3division 66 · 36m · n=98 lots
Single-bid lots
i

How often only one company bid.

Share of lots that received exactly one bid, on the same competitions as the bids figure.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 98 lots.

High means a thin market or an incumbent that is hard to beat.

16%division 66 · 36m · n=98 lots
Award vs estimate
i

Do awards for work like this land above or below the estimate.

Estimate against award per lot, for this buyer or this region in the same sector.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 32 pairs.

A past pattern, not a price to bid.

11% belowdivision 66 · 36m · n=32 pairs
Deadline → award date
i

How long buyers here take to decide after bids close.

Middle value in days from the deadline to the first award notice, on competitions that published both dates.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 29 notices.

Only decided tenders count, so slow ones still waiting are not in.

Last 36 months.

44ddivision 66 · 36m · n=29 notices
SME bidders
i

How much of this market goes to small and medium firms.

SME bidders where buyers published the split, otherwise SME winners.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 68 lots.

Last 36 months.

28%division 66 · 36m · n=68 lots
Winners based in the region
i

How much work like this goes to companies based in the delivery region.

Awards in this category delivered here where the winner’s registered address is in the region.

Based on this region’s tenders in this industry (CPV 66), last 36 months: 92 awards.

Registered address, so a national firm with a local branch counts as outside.

Last 36 months.

78%division 66 · 36m · n=92 awards
Bids per lot · history, not this notice’s lots robust · n=98
i

How the number of bidders is spread across lots.

Each lot with a published bid count is put in a band: one bid, two to three, four to six, seven or more. Real competitions only.

Based on 98 lots on 49 contested notices · division 66, last 36 months.

  • 1 bid 16%
  • 2–3 54%
  • 4–6 23%
  • 7+ 6%

Middle value 3 · 98 lots on 49 contested notices · division 66.

Winning award vs estimate robust · n=32
i

How often winners come in below, near or above the estimate.

Each lot with both an estimate and an award is placed by how far the award sat from the estimate.

Based on 32 lot pairs · division 66, last 36 months.

A past pattern, not a price to bid.

  • Below estimate 56%
  • Within ±2% 22%
  • Above estimate 22%

32 lot pairs · division 66.

robust · n=9
i

Where this tender’s estimate would land if the usual pattern repeats.

We apply the buyer’s usual movement between estimate and award (or the region’s) to the estimate on this notice.

This notice gives one total for several lots, so we show the percentage but do not turn it into pounds.

A benchmark, not a price to bid.

The middle award in London Borough of Croydon (all categories, n=9 pairs) lands at estimate. Applied to each lot’s own published value in the lot table below — the notice total (£44,100,000) is an envelope for 3 lots and is not converted.
2

Who you are likely to meet
i

Who you may be up against.

Suppliers on this buyer’s earlier similar contracts, and suppliers whose record fits this tender.

A guess from the record. Buyers do not publish who is bidding.

Suppliers on this authority’s earlier similar contracts, then suppliers with a matching track record — from published award history, not a bid list

By lot · 3 lots
i

Likely bidders for each lot.

For each lot: the previous winner, suppliers with history on this lot, and suppliers strong in this category.

A guess from the record, not a bidder list.

LotAwarded / admittedLikely suppliers
Property£28,700,000 · CPV 66000000 · expect ≈ £29m (at estimate, London Borough of Croydon)
Suppliers with awards on historically similar lot scopes.		—
Terrorism Insurance£1,700,000 · CPV 66000000 · expect ≈ £1.7m (at estimate, London Borough of Croydon)
Suppliers with awards on historically similar lot scopes.		—
Casualty Insurance£13,700,000 · CPV 66000000 · expect ≈ £14m (at estimate, London Borough of Croydon)
Suppliers with awards on historically similar lot scopes.		—

Ranked by CPV market fit, scale and buyer history — historical public-sector wins, not the published bidder list or a predicted field. Lots with the same shortlist are grouped.

Suppliers with a similar track record — and how they price
i

Suppliers with a similar track record, and how they price.

Suppliers matched on wins in this category, history with this buyer, location and size. Their award vs estimate is from their own past wins.

A guess from the record, not a bidder list.

SupplierEvidenceLast awardTheir award vs estimateRelevance
Risk Management Partners Ltd Large82 class wins1 months ago8% below n=859%
Zurich Municipal Large74 class wins1 months ago5% below n=558%
Target Group Limited Large2 class wins28 months agono comparable pairs51%
Protector Forsikring ASA Large40 class wins4 months ago4% below n=1047%
Liaison Financial Services Limited Large5 class wins2 months agono comparable pairs46%

Matched by the nightly worker on class wins, buyer history, delivery geography, scale and notice text; relevance is a 0–100% heuristic score, not a probability of bidding. “Their award vs estimate” is that supplier’s middle value on its own comparable single-supplier wins. Nobody here is known to be bidding.

Coverage and what to read with care
  • Each tile explains itself. The on a figure says what it is, how it is counted and which scope this notice’s own record came from (class, division, all categories, or the authority’s 24-month row). The two columns are never blended and nothing is filled from a UK-wide figure; an empty tile means the source published nothing usable. Long form: Methodology.
  • Coverage. Roughly 40 % of notices publish a bid count; about half publish an ITL1 delivery location, so the market column reads the authority’s registered region when the notice has none (labelled). About 30 % of award-vs-estimate pairs are exact matches — the buyer published the award at the estimate. n is on every figure; a thin sample is muted, never hidden.
  • “Match” and “relevance” are model scores from the nightly matcher, not published facts. Find a Tender does not publish who is bidding. Never shown: contact details, payment behaviour, or a recommended price.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Open for tender
Procurement threshold
Above threshold (FTS publication)
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
28 Sept 2026, 17:50 BST
Last source update
28 Sept 2026, 17:50 BST
Award evaluation window
Submission end — 18 Jan 2027, 23:59 GMT
Authority reference
LBC/TN/834
Latest notice
Tender notice (UK4)
Classification (CPV)
Financial and insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-068826 Find a Tender

How to participate & submission route

Official notice Submit via In-tend
Submission portal named on this notice: In-tend · Who buys & how to bid on In-tend
Supplier login requiredElectronic submission allowedLanguage: EN
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
Expression of interest (EOI)
—
Tender submission deadline
6 Nov 2026, 12:00 GMT
Clarification deadline
—
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release
supplier.in-tend.co.uk/croydontenders/home ↗

Timeline

7 published dates · Europe/London
  1. Planning notice published162 days ago
    22 Apr 2026, 10:14 BST
  2. Next notice expected30 days ago
    31 Aug 2026, 23:59 BST
  3. Market engagement15 days ago
    15 Sept 2026, 23:59 BST
    Objectives of Market Engagement: to provide insurers with a greater understanding of the consortium and it's risks Indicative Engagement Dates: September 2026 Location or Delivery Method (Virtual / In-person): combination Insurer day: Lots 1 and 2 Property and Casualty including Officials more…Indemnity and Professional Indemnity, insurer day in person 8th September Lot 3 Terrorism - teams meeting to be held. Date TBC Instructions for Participation How to Participate: contact Kirsteen Kett at Aon [email protected] Response Deadline: 31st May 2026
  4. Tender notice published2 days ago
    28 Sept 2026, 17:50 BST
  5. Submission deadlinein 37 days
    6 Nov 2026, 12:00 GMT
  6. Award decision expected byin 110 days
    18 Jan 2027, 23:59 GMT
  7. Contract startsin 182 days
    1 Apr 2027, 00:00 BST

Commercial outcome & contract awards

Nothing awarded yet
Awards (0)
No award published
Contracts (0)
No contract published
Bid statistics
No aggregate bid statistics published

Notice history

9 events · 4 releases on Find a Tender · since 22 Apr 2026
  1. Tender notice published
    28 Sept 2026, 17:50 BSTUK4
  2. Published value published: £44,100,000
    28 Sept 2026, 17:50 BST
  3. Status changed to active
    28 Sept 2026, 17:50 BST
  4. Procurement method changed
    28 Sept 2026, 17:50 BST
  5. Deadline published: 6 Nov 2026, 12:00 GMT
    28 Sept 2026, 17:50 BST
  6. Preliminary market engagement notice published
    27 May 2026, 16:09 BSTUK2
  7. Procurement method changed
    27 May 2026, 16:09 BST
  8. Pipeline notice published
    22 Apr 2026, 10:53 BSTUK1
  9. Pipeline notice published
    22 Apr 2026, 10:14 BSTUK1
Published amendments (1)

Note the original notice contained a typographical error - the aggregate value is amended from £5m to £35m

Routine re-releases (4)
  • 2026-04: 1 release · 22 Apr 2026

Contracting authority & participating public bodies

8 public bodies on the notice

London Borough of Croydon

Contracting authorityPublic authority - sub-central government GB-PPON: PJTH-3594-VXYL Bernard Wetherill House, Fell Road, Croydon, London, CR01EA [email protected]

Consortium members and other public bodies

Official documents & specifications (5)

Official links; attachments are not copied

Tender pack and attachments

  • Conflict of interest declarationtenderConflict of interest declarationNot published

Notices published for this procedure

  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender
  • Preliminary market engagement notice planningPreliminary market engagement noticeUK2Preliminary market engagement notice on Find a Tender
  • Pipeline notice planningPipeline noticeUK1Pipeline notice on Find a Tender
  • Pipeline notice planningPipeline noticeUK1Pipeline notice on Find a Tender