AWARD OUTCOME
What happened
London Borough of Southwark has awarded and signed a one-year marine insurance contract for South Dock Marina for 2026/27. The supplier named in the notice is Arthur J Gallagher.
Published outcomeContract 1, linked to award 1 and lot 1, is active. It was signed on 29 September 2026 and runs from 1 October 2026 to 30 September 2027.
Market significanceThis is a below-threshold, limited-competition marine insurance procurement with a stated gross contract value of £52,744.78.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
Arthur J Gallagher
94% confidenceAward 1 · Lots 1 · £52,744.78 gross; £47,093.55 net GBP · Active award linked to active contract 1
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Award 1 names Arthur J Gallagher as supplier and links to lot 1. Linked contract 1 states gross and net values; there is one supplier and one linked award in the supplied record.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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Process and contract document both identify the notice as a Contract details notice on Find a Tender.
Award status
99% confidenceActive
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Award 1 has status 'active'.
Contract status
99% confidenceActive
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Contract 1 has status 'active'.
Contract signature
99% confidence29 September 2026
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Contract 1 dateSigned is 2026-09-29.
Contract term
99% confidence1 October 2026 to 30 September 2027
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Contract 1 period startDate is 2026-10-01 and endDate is 2027-09-30.
VALUES
Published values explained
Gross contract value
99% confidence£52,744.78
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Contract 1 value.amountGross is 52744.78 GBP.
Net contract value
99% confidence£47,093.55
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Contract 1 value.amount is 47093.55 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence29 September 2026
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Contract 1 dateSigned is 2026-09-29.
Contract start
99% confidence1 October 2026
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Contract 1 period.startDate is 2026-10-01.
Contract end
99% confidence30 September 2027
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Contract 1 period.endDate is 2027-09-30.
Notice published
99% confidence12 October 2026
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The process and linked notice document show publication at 2026-10-12T17:31:31+01:00.
SCOPE
What was awarded
Requirement
99% confidenceMarine insurance cover for South Dock Marina for 2026/27
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Tender title and description state 'Marine Insurance 2026 / 2027' and 'Marine insurance cover for South Dock Marina for 2026 / 2027'.
Service classification
99% confidenceMarine, aviation and other transport insurance services (CPV 66514120)
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Award item additional classification is CPV 66514120.
Delivery region
95% confidenceUKI44, United Kingdom
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Award item delivery address specifies region UKI44 and country GB.
Lots
99% confidenceOne lot (lot 1)
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Tender contains lot 1 only; award 1 and contract 1 are linked to that lot.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceLimited
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Tender procurementMethod is 'limited'.
Procedure detail
99% confidenceBelow threshold - limited competition
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Tender procurementMethodDetails states 'Below threshold - limited competition'.
Above-threshold status
99% confidenceNo
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Contract 1 aboveThreshold is false.
Competition information
99% confidenceBidder count, evaluation and award rationale are unknown
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Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Term
99% confidence12 months
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The stated period runs from 1 October 2026 to 30 September 2027.
Pricing basis
99% confidenceGross value £52,744.78; net value £47,093.55
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Contract 1 supplies amountGross and amount in GBP.
Extension or renewal options
99% confidenceUnknown
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Information not supplied in the published notice data.
COMMERCIAL VIEW
Commercial observations
Procurement profile
98% confidenceA defined, one-year marine insurance requirement procured through below-threshold limited competition.
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The description defines marine cover for South Dock Marina; the contract period is one year; the procedure is stated as below-threshold limited competition.
Published financial transparency
97% confidenceThe notice provides both net and gross contract values but no premium, tax, coverage-limit or pricing-breakdown detail.
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Contract 1 provides amount and amountGross only; no further pricing data is supplied.
DATA QUALITY
Gaps and source limitations
Supplier identity treatment
99% confidenceThe supplier name is reproduced from the published award record and is not Companies House-verified in the supplied data.
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Supplier verification status is 'not_applicable'; no verified company name or company number is supplied.
Information not supplied
99% confidenceNo award date, tender publication date, submission deadline, bidder count, evaluation detail, lot title, lot-level value, renewal options or pricing breakdown is supplied.
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These fields are null or absent in the supplied notice data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The supplier name is unverified against Companies House in the supplied data; supplier verification is marked not applicable and no verified legal company name is provided.
- Information not supplied in the published notice: award date, bidder count, bid evaluation, award rationale, lot title and description, individual lot value, pricing breakdown, coverage limits, and extension or renewal terms.
- No future procurement or renewal has been announced; the recompetition timing is an estimate based only on the contract end date.
MARKET THEMES
Relevant award themes
London Borough of SouthwarkArthur J GallagherSouth Dock Marinamarine insurancemarine insurance contractFind a Tender2026 2027
COMMON QUESTIONS
About this award
Who won Southwark's Marine Insurance 2026/27 contract?
The published award names Arthur J Gallagher as supplier for award 1.
What is the value of the marine insurance contract?
The contract states a gross value of £52,744.78 and a net value of £47,093.55.
When does the contract run?
It runs from 1 October 2026 to 30 September 2027 and was signed on 29 September 2026.
What does the contract cover?
It covers marine insurance for South Dock Marina.
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.