Official UK procurement notice
Provision of Surety Bonds
Authority: Ministry of Justice (Central government)
What is being bought
Published requirement descriptionThe Office of the Public Guardian (OPG) expects to put in place a contract framework for the provision of Surety Bonds covering the performance of Deputies appointed by the Court of Protection (CoP).
- Recurrence: At least 6 months prior to the expiry of the contract.
CPV: Insurance and pension services
The lotProcurement structure
single lot · no lot value publishedLot #1To appoint an insurance broker, or brokers, who will be responsible and accountable…
To appoint an insurance broker, or brokers, who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers, for the provision of surety bonds.
The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties.
The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply to the CoP for an appropriate deputyship order.
Where the CoP appoints a deputy, it may require a surety bond to be in place for the protection of the person's property and, or, finance. The Surety Bond is a guarantee to pay any financial losses arising from the deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.
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).
- Suitability
Membership Requirements
10.1 In line with Public Guardian Regulations, bonds shall be provided by an "authorised insurance company" and an "authorised deposit-taker".
10.2 "Authorised insurance company" means
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance;
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule to effect or carry out contracts of insurance;
(c) a person who carries on insurance market activity (within the meaning given in section 316(3) of that Act)
10.3 “Authorised deposit-taker” means
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule to accept deposits.
10.4 The definitions of “authorised insurance company” and “authorised deposit-taker” must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section;
(c) Schedule 2 to that Act.
- Technical & professional ability
As stated in the procurement documents.
Procedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0023 Concession Contracts Regulations 2016 (Directive 2014/23/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes · At least 6 months prior to the expiry of the contract.
- First published
- 26 Sept 2022, 15:22 BST
- Last source update
- 26 Sept 2022, 15:22 BST
- FTS notice number
2022/S 000-026899- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-036b87Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Performance terms
As stated in the procurement documents.
How it was run
Official noticeTender documents are also served through a separate tool: https://ministryofjusticecommercial.bravosolution.co.uk ↗
- Submission deadline
- 14 Oct 2022, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
Timeline
26 Sept 2022 → 14 Oct 2022 · 2 dates- Notice published26 Sept 2022, 15:22 BST
- Submission deadline14 Oct 2022, 12:00 BST
Contracting authority & participating public bodies
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria