Official UK procurement notice
Financial Lines Insurance Services
Authority: LUPC Ltd (Public body)
What is being bought3 lots · detail below
Published requirement descriptionLondon Universities Purchasing Consortium (LUPC) is undertaking this tendering process for Financial Lines Insurance Services commencing 1 August 2025 across three lots made up of Management Liability, Crime and Professional Indemnity. Offers are invited on behalf of one of more lots. The Agreement is being tendered on behalf of the LUPC Insurance Group, a collaborative group of 27 participating institutions from the following purchasing organisations - London Universities Purchasing Consortium: www.lupc.ac.uk/list-of-members.html ↗; Southern Universities Purchasing Consortium: www.supc.ac.uk/engage/our-members/o… ↗; and is also available to members of North East Universities Purchasing Consortium (NEUPC): www.neupc.ac.uk/our-members ↗; and North West Universities Purchasing Consortium (NWUPC): www.nwupc.ac.uk/our-members ↗. It should be noted that (1) LUPC is not seeking any broker services through this procurement; (2) stated inc. VAT values are inc. IPT (Insurance Premium Tax) and that (3) preliminary market engagement was undertaken in late January 2025, prior to commencement of the Procurement Act 2023.
- The authority expects to re-tender this requirement around 11 Apr 2030, 00:59 BST.
- How the procedure runs: There are potentially two stages, initial tender responses evaluated in stage one followed optionally by further negotiation and submission of best-and-final offers in stage two.
CPV: Insurance services
Lots and requirements (3)Procurement structure
3 lots · all with a published value (£29,400,000 together) · same conditions of participation on every lot · same evaluation weights on every lotLot #1Management LiabilityAwardedRenewalPublished value£2,200,000
To meet or exceed the Insurance Group's Management Liability cover requirements as defined in the specification within the documentation.
- Economic & financial standing
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Lot #2CrimeAwardedRenewalPublished value£5,400,000
To meet or exceed the Insurance Group's Crime cover requirements as defined in the specification within the documentation.
- Economic & financial standing
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Lot #3Professional IndemnityAwardedRenewalPublished value£21,800,000
To meet or exceed the Insurance Group's Professional Indemnity cover requirements as defined in the specification within the documentation.
- Economic & financial standing
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
What it takes to wini
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 morei
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).
Published sub-criteria (2)
- Technical: 45%
- Commercial: 55%
Published award criteria (2)
- Technical: See documentation
- Commercial: See documentation
- Economic & financial standing
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
- Price carries 55 of 100 points: a 10% discount moves about 5.5 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- 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
- Yes · next expected 11 Apr 2030
- First published
- 11 Apr 2025, 16:37 BST
- Last source update
- 3 Jul 2025, 19:52 BST
- Award evaluation window
- Submission end – 4 Jul 2025
- Authority reference
INS5104 LU- FTS notice number
2025/S 000-014765- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0501eaFind a Tender
- How it runs
There are potentially two stages, initial tender responses evaluated in stage one followed optionally by further negotiation and submission of best-and-final offers in stage two.
How it was run
Official notice- Submission deadline
- 22 May 2025, 14:00 BST
- Clarification deadline
- 29 Apr 2025, 14:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
11 Apr 2025 → 1 Aug 2025 · 8 dates- Tender notice published11 Apr 2025, 16:37 BST
- Clarification questions by29 Apr 2025, 14:00 BST
- Submission deadline22 May 2025, 14:00 BST
- Assessment summaries sent3 Jul 2025, 00:00 BST
- Latest notice published3 Jul 2025, 19:52 BST
- Award decision expected by4 Jul 2025, 00:59 BST
- Standstill ends15 Jul 2025, 23:59 BST
- Contract starts1 Aug 2025
Notice history
4 events · 2 releases on Find a Tender · since 11 Apr 2025- Tender notice published11 Apr 2025, 16:37 BSTUK4
- Contract award notice published3 Jul 2025, 19:52 BSTUK6
- Status changed to complete3 Jul 2025, 19:52 BST
- Contract signature expected29 Jul 2025, 23:59 BSTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 2 · Crime1 award | |||
| ZURICH INSURANCE COMPANY LTD1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost. | — | 3 Jul 2025standstill to 15 Jul 2025 | Standstill |
| Lot 3 · Professional Indemnity1 award | |||
| Arthur J. Gallagher (UK) Limited1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost. | — | 3 Jul 2025standstill to 15 Jul 2025 | Standstill |
| Across several lots1 award | |||
| Risk Management Partners Ltd1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost. | — | 3 Jul 2025standstill to 15 Jul 2025 | Standstill |
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Management Liability | 5final-stage tenders | 2 | 0 | — |
| 2 · Crime | 5final-stage tenders | 2 | 0 | — |
| 3 · Professional Indemnity | 4final-stage tenders | 1 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice- ARTHUR J. GALLAGHER (UK) LIMITEDAwarded supplier
- RISK MANAGEMENT PARTNERS LTD.Awarded supplier
- ZURICH INSURANCE COMPANY LTDAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedNotices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender