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High Value Commercial Buildings Insurance

London Borough of Sutton

Buyer Contact Info

Buyer Name: London Borough of Sutton

Buyer Address: Civic Offices, St Nicholas Way, Sutton, UKI63, SM1 1EA, United Kingdom

Contact Email: commercial.procurement@sutton.gov.uk

Status
complete
Procedure
direct
Value
1741044.0 GBP
Published
07 Apr 2025, 10:31
Deadline
n/a
Contract Start
07 Apr 2025, 23:00
Contract End
30 Mar 2028, 22:59
Category
n/a
CPV
66000000 - Financial and insurance services
Region
n/a
Awarded To
Chubb European Group Ltd
Official Source
Open Find a Tender

Description

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 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 .

Linked Documents

No linked documents found for this notice.

Opportunity Context

Lots

Lot 1 Status: complete

Awards

Award Title: High Value Commercial Buildings Insurance

Raw Notice JSON

Expand raw payload
{
  "awards": [
    {
      "aboveThreshold": true,
      "contractPeriod": {
        "endDate": "2028-03-30T23:59:59+01:00",
        "startDate": "2025-04-08T00:00:00+01:00"
      },
      "date": "2025-03-18T00:00:00Z",
      "documents": [
        {
          "datePublished": "2025-04-07T11:31:04+01:00",
          "description": "Contract award notice on Find a Tender",
          "documentType": "awardNotice",
          "format": "text/html",
          "id": "013337-2025",
          "noticeType": "UK6",
          "url": "https://www.find-tender.service.gov.uk/Notice/013337-2025"
        }
      ],
      "id": "1",
      "items": [
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      "mainProcurementCategory": "services",
      "milestones": [
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          "status": "scheduled",
          "type": "futureSignatureDate"
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      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-FC038001",
          "name": "Chubb European Group Ltd"
        }
      ],
      "title": "High Value Commercial Buildings Insurance",
      "value": {
        "amount": 1741044,
        "amountGross": 1741044,
        "currency": "GBP"
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  ],
  "buyer": {
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  "date": "2025-04-07T11:31:04+01:00",
  "id": "013337-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-04efa3",
  "parties": [
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        "postalCode": "SM1 1EA",
        "region": "UKI63",
        "streetAddress": "Civic Offices, St Nicholas Way"
      },
      "contactPoint": {
        "email": "commercial.procurement@sutton.gov.uk"
      },
      "details": {
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    {
      "additionalIdentifiers": [
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          "id": "PPXQ-2134-VCJQ",
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      "address": {
        "country": "FR",
        "countryName": "France",
        "locality": "London",
        "postalCode": "EC3A 2BJ",
        "region": "FR",
        "streetAddress": "40 Leadenhall Street"
      },
      "contactPoint": {
        "email": "richard.clark@chubb.com"
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      "details": {
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        "scale": "large",
        "shelteredWorkshop": false,
        "vcse": false
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    "description": "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.\nThe 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.\nThe 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\n13 Where-\n(a)the goods, services or works to be supplied under the public contract are strictly necessary for reasons of extreme and unavoidable urgency, and\n(b)as a result the public contract cannot be awarded on the basis of a competitive tendering procedure.\n14 For the purpose of paragraph 13, urgency is unavoidable if it-\n(a)is not attributable to any act or omission of the contracting authority, and\n(b)could not have been foreseen by the contracting authority.\nThe value of the contract is \u00a31,741,044 .",
    "id": "DN768070",
    "legalBasis": {
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      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
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    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "status": "complete",
    "title": "High Value Commercial Buildings Insurance"
  }
}