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Official procurement procedure

Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)

Insurance services
North West (UKD4)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Lancashire County Council: "Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLancashire County CouncilScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Lancashire County Council
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Lancashire County Council. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
8Bids / Report
23% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 103 active published awards; 100 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. Published-to-award variance 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 Unpublished data stays unknown.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.
Procedure terms
Contracting AuthorityLancashire County Council
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 Mar 2025, 14:30 GMT
Last source update6 Mar 2025, 14:30 GMT
Recurring procurementNot published
ClassificationInsurance services
Delivery area
North West (UKD4)
OCIDocds-h6vhtk-04ea25
What is being bought
An 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.
What changed
From the official release history
  1. Status changed to complete
    6 Mar 2025, 14:30 GMT
  2. Official notice release published
    6 Mar 2025, 14:30 GMT
  3. Buyer information updated
    6 Mar 2025, 14:30 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    An 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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    6 Mar 2025, 14:30 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 13 Jan 2025, 00:00 GMT · £1,200,000
Commercial outcome and competition
Awards
AXA XL Syndicate, Legal & Contingency, Lloyds of London (Syndicate 2015), Munich Re, Probitas 1492, Tokio Marine & Nichido Fire Insurance Co
Not published · Not published · active
Contracts
Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL)
£1,200,000 · signed 13 Jan 2025, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

Lancashire County Council

Contracting authority GB-FTS-139989
View buyer profile

  • Lancashire County Council
    buyer

    County Hall, Preston, UKD45, PR10LD
    rachel.green4@lancashire.gov.uk

  • AXA XL Insurance Company
    supplier

    GB-COH: 05328622
    London, UKI

  • Lancashire County Council
    reviewContactPoint

    Preston, PR1 0LD

  • Legal & Contingency
    supplier

    GB-COH: 03511606
    London, UKI

  • Lloyds of London (Syndicate 623)
    supplier

    GB-COH: 03189123
    London, UKI

  • Munich Re
    supplier

    GB-COH: 01373441
    London, UKI

  • Probitas 1492
    supplier

    GB-COH: BR024208
    London, UKI

  • Royal Courts of Justice - The High Court
    reviewBody

    London, WC2A 2LL

  • Tokio Marine & Nichido Fire Insurance Co
    supplier

    GB-COH: BR011260
    London, UKI
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleNo 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.