AWARD OUTCOME
What happened
London Borough of Southwark has published contract details for insurance covering council-owned artworks for 2026/27. The contract was awarded to Arthur J Gallagher, with insurance placed with certain underwriters via that firm.
Published outcomeAward 1 is active. Contract 1 was signed on 5 October 2026 and runs from 6 October 2026 to 5 October 2027.
Market significanceThis is a below-threshold, limited-competition insurance procurement with a published net value of £23,788.03 and gross value of £26,642.59.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
Arthur J Gallagher
98% confidenceAward 1 · Lots 1 · £23,788.03 net / £26,642.59 gross (contract-level value) GBP · Active award
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Award 1 names Arthur J Gallagher as supplier. Contract 1, linked to Award 1, states the values; no separate supplier allocation is needed because the award names one supplier.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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The process identifies the notice as “Contract details notice on Find a Tender” (UK7), published 12 October 2026.
Award status
99% confidenceActive
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Award 1 has status “active”.
Contract status
99% confidenceActive; signed
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Contract 1 has status “active” and explicitly records dateSigned as 5 October 2026.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£23,788.03
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Contract 1 value.amount is 23788.03 GBP.
Contract value including VAT
99% confidence£26,642.59
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Contract 1 value.amountGross is 26642.59 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence5 October 2026
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Contract 1 dateSigned is 2026-10-05.
Contract start
99% confidence6 October 2026
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Contract 1 period.startDate is 2026-10-06.
Contract end
99% confidence5 October 2027
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Contract 1 period.endDate is 2027-10-05.
Notice published
99% confidence12 October 2026
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The contract details notice datePublished is 2026-10-12.
SCOPE
What was awarded
Requirement
99% confidenceInsurance for council-owned artworks for 2026/27
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This is stated in the procurement title and description.
Service classification
99% confidenceInsurance services (CPV 66510000)
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Award item 1 lists CPV 66510000, Insurance services.
Lot structure
99% confidenceOne lot (Lot 1)
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Tender and award data identify Lot 1 only.
Delivery region
95% confidenceUKI44
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Award item 1 lists delivery address region UKI44.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceLimited
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The tender procurementMethod is “limited”.
Method detail
99% confidenceBelow threshold - limited competition
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The tender procurementMethodDetails states “Below threshold - limited competition”.
Competition information
99% confidenceNumber of bids and evaluation information not supplied in the published notice.
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No bid count, bidder list, scores, or evaluation rationale is present in the supplied data.
CONTRACT TERMS
Published contract terms
Term
99% confidence6 October 2026 to 5 October 2027
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Contract 1 period runs between these dates.
Above-threshold status
99% confidenceNo
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Contract 1 records aboveThreshold as false.
Extension or renewal terms
99% confidenceNot supplied in the published notice.
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No extension, option, or renewal clause is included in the supplied contract data.
COMMERCIAL VIEW
Commercial observations
Value interpretation
99% confidenceThe notice publishes both net and gross contract values; the gross figure is £2,854.56 higher than the net figure.
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Published values are £23,788.03 net and £26,642.59 gross.
Route to market
99% confidenceThe contract was procured through below-threshold limited competition.
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Tender method details explicitly state this.
DATA QUALITY
Gaps and source limitations
Supplier identity treatment
99% confidenceThe published supplier name is used as supplied. Supplier verification status is not applicable; no verified legal company name was supplied.
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Supplier verification records status “not_applicable” and no verified company name or number.
Unpublished competition detail
99% confidenceInformation not supplied in the published notice: bid count, unsuccessful suppliers, evaluation scores and award rationale.
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These fields are absent from the supplied data.
Lot detail
99% confidenceLot 1 has no published title, description, or standalone value.
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Lot 1 title, description and value fields are null.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information not supplied in the published notice: bid count, evaluation scores, award rationale, pricing breakdown and extension or renewal terms.
- Lot 1 has no published title, description, or standalone value.
- No verified legal company name or company number was supplied for the published supplier; verification status is not applicable.
MARKET THEMES
Relevant award themes
London Borough of SouthwarkArthur J Gallagherartwork insuranceinsurance servicespublic procurementFind a Tender
COMMON QUESTIONS
About this award
Who won the Southwark artwork insurance contract?
The published supplier for Award 1 is Arthur J Gallagher.
What is the value of the contract?
The published contract value is £23,788.03 excluding VAT and £26,642.59 including VAT.
When does the contract run?
It runs from 6 October 2026 to 5 October 2027.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.