Official UK procurement notice
Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)
Authority: Lancashire County Council (Local council)
What is being bought
Published requirement descriptionAn insurance policy for Property Unit 3.2 of Lancashire Business Park (LCDL) is being placed via an award without competition, following a compliant tender process with no bids received. The broker approached the market to secure a policy directly. The contract is to be for a period of up to 4 years through the establishment of a Long Term Agreement (LTA) commencing on 13th January 2025.
CPV: Insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 6 Mar 2025, 14:30 GMT
- Last source update
- 6 Mar 2025, 14:30 GMT
- Authority reference
RG/CORP/LCC/24/271- FTS notice number
2025/S 000-008217- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04ea25Find a Tender
- Why no open competition
- No tenders or no suitable tenders/requests to participate in response to open procedure
- Published justification
No tenders were received in relation to the publish over threshold open procurement process. Contract Notice reference: 2024/S 000-034213
Award Notice (non award) reference: 2025/S 000-008203
The Broker approached the market via the Lloyds of London marketplace to secure coverage following the failed procurement process. Coverage was found through splitting the single policy across multiple providers who will share the risk on agreed percentages.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| AXA XL Syndicate, LEGAL & CONTINGENCY LIMITED, Lloyds of London (Syndicate 2015), Munich Re, Probitas 1492, Tokio Marine & Nichido Fire Insurance Cojoint awardProperty Insurance for Unit 3.2 of Lancashire Business Park (LCDL) | £1,200,000 † | — | Awarded |
Contracts
Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) · AXA XL Syndicate, LEGAL & CONTINGENCY LIMITED, Lloyds of London (Syndicate 2015), Munich Re, Probitas 1492, Tokio Marine & Nichido Fire Insurance Co
- Signed
- 13 Jan 2025
- Value
- £1,200,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of Justice - The High CourtReview body
Bidders & participating suppliers
6 commercial parties on the notice- AXA XL Insurance CompanyAwarded supplier
- Legal & ContingencyAwarded supplier
- Lloyds of London (Syndicate 623)Awarded supplier
- Munich ReAwarded supplier
- Probitas 1492Awarded supplier
- Tokio Marine & Nichido Fire Insurance CoAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.