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PROCUREMENT OPPORTUNITY

High Value Commercial Buildings Insurance

London Borough of Sutton · Transparency notice on Find a Tender

Tender information last checkedLast checked 29 Sept 2026, 23:04.

Opportunity overview

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

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

CHUBB EUROPEAN GROUP LTD

Matched by number
Published award value
£1.7m
Awarded
18 Mar 2025
Award ID
1
Status
active
Identifier
GB-COH FC038001
Location
London, FR, EC3A 2BJ, France

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
DN7680
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
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 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.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
urgency

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Description
Not published
Document Type
conflictOfInterest

Buyer, suppliers and contacts

Organisation 1
Id
GB-PPON-PJMC-1445-VCVG
Name
London Borough of Sutton

Roles

buyer

Address

Region
UKI63
Country
GB
Locality
Sutton
Postal Code
SM1 1EA
Country Name
United Kingdom
Street Address
Civic Offices, St Nicholas Way

Details

Classifications

Entry 1
Id
publicAuthoritySubCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - sub-central government

Identifier

Id
PJMC-1445-VCVG
Scheme
GB-PPON

Contact

Name
Steve Hoy
Organisation 2
Id
GB-COH-FC038001
Name
CHUBB EUROPEAN GROUP LTD

Roles

supplier

Address

Region
FR
Country
FR
Locality
London
Postal Code
EC3A 2BJ
Country Name
France
Street Address
40 Leadenhall Street

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
FC038001
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PPXQ-2134-VCJQ
Scheme
GB-PPON

Award information

Award 1
Id
1
Date
18 Mar 2025, 00:00
Title
High Value Commercial Buildings Insurance
Status
active
Above Threshold
Yes
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UKI63
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKI63
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKI63
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66000000
Scheme
CPV
Description
Financial and insurance services

Value

Amount
1,741,044
Currency
GBP
Including VAT
1,741,044

Documents

Entry 1
Id
010377-2025
Format
text/html
Notice Type
UK5
Description
Transparency notice on Find a Tender
Document Type
awardNotice
Published
20 Mar 2025, 12:19
Entry 2
Id
013337-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
7 Apr 2025, 11:31

Suppliers

Supplier 1
Id
GB-COH-FC038001
Name
CHUBB EUROPEAN GROUP LTD

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
7 Apr 2025, 23:59

Related lots

1

Contract period

Ends
30 Mar 2028, 23:59
Starts
8 Apr 2025, 00:00

Contracts and changes

Entry 1
Id
1
Title
High Value Commercial Buildings Insurance
Status
active
Award ID
1
Date Signed
1 Apr 2025, 00:00
Above Threshold
Yes
No Agreed Metrics Rationale
The procurement is based on insurance cover.

Value

Amount
1,741,044
Currency
GBP
Including VAT
1,741,044

Period

Ends
30 Mar 2028, 23:59
Starts
1 Apr 2025, 00:00

Documents

Entry 1
Id
019103-2025
Format
text/html
Notice Type
UK7
Description
Contract details notice on Find a Tender
Document Type
contractNotice
Published
6 May 2025, 13:51

Recorded locations

  • Buyer location · Sutton · UKI63 · SM1 1EA · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04efa3-2025-05-06T13:51:21+01:00Transparency notice on Find a Tender ·