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Official procurement procedure

High Value Commercial Buildings Insurance

No classification published
Location not published
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Borough of Sutton: "High Value Commercial Buildings Insurance". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLondon Borough of SuttonScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: London Borough of Sutton
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Borough of Sutton. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
13.3Bids / Report
0% of reports have one bid
Supplier ConcentrationHigh Concentration
FAITHORN FARRELL TIMMS LLPTop vendor: 100% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 28 active published awards; 3 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
Supplier NameHistoric AwardsAttributable GBP Value
FAITHORN FARRELL TIMMS LLP1 win£150,750
Procedure terms
Contracting AuthorityLondon Borough of Sutton
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published6 May 2025, 13:51 BST
Last source update6 May 2025, 13:51 BST
Recurring procurementNot published
ClassificationNot published
Delivery areaLocation not published
OCIDocds-h6vhtk-04efa3
What is being bought
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
What changed
From the official release history
  1. Official notice release published
    6 May 2025, 13:51 BST
  2. Official notice release published
    7 Apr 2025, 11:31 BST
  3. Status changed to complete
    20 Mar 2025, 12:19 GMT
  4. Official notice release published
    20 Mar 2025, 12:19 GMT
  5. Buyer information updated
    20 Mar 2025, 12:19 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    complete
    Published valueNot published
    The source published no individual title or description for this lot.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 May 2025, 13:51 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 1 Apr 2025, 00:00 BST · £1,741,044
Commercial outcome and competition
Awards
CHUBB EUROPEAN GROUP LTD
Not published · Not published · active
Contracts
High Value Commercial Buildings Insurance
£1,741,044 · signed 1 Apr 2025, 00:00 BST · active
Contract period: 1 Apr 2025, 00:00 BST — 30 Mar 2028, 23:59 BST
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

London Borough of Sutton

Contracting authority GB-PPON-PJMC-1445-VCVG
View buyer profile
Documents (1)
Official links; attachments are not copied

  • Not published

    tender
    conflictOfInterest
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe 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 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 13 Where- (a)the goods, services or works to be supplied under the public contract are strictly necessary for reasons of extreme and unavoidable urgency, and (b)as a result the public contract cannot be awarded on the basis of a competitive tendering procedure. 14 For the purpose of paragraph 13, urgency is unavoidable if it- (a)is not attributable to any act or omission of the contracting authority, and (b)could not have been foreseen by the contracting authority. The value of the contract is £1,741,044 . It is essential that high value commercial buildings insurance is in place 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 began on 7 October 2024 with publication of an FTS notice. No suitable bids were received for Lot 2 Commercial Property Insurance for the London Borough of Sutton, 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.