✓Tender information last checkedLast checked 16 Oct 2026, 10:36.
Opportunity overview
Local Space Limited is seeking Tenders for the provision of corporate insurance cover and associated insurance services.
The procurement comprises the following Lots:
Lot 1: Property Stock Insurance
Lot 2: Combined Liability Insurance, comprising employers' liability, public liability, products liability and associated liability risks as specified in the associated tender documents.
Tenderers may tender for one or both Lots. Each Lot will be evaluated and awarded separately. Local Space Limited reserves the right to award the Lots to the same or different Tenderers in accordance with the published award criteria.
The Contract will have an initial term of three years, commencing on 9 February 2027, with the option for Local Space Limited to extend the Contract by up to two further periods of one year each. The maximum potential Contract term is therefore five years.
The requirements, scope of cover, limits, excesses, service standards, claims handling requirements, Conditions of Participation, pricing requirements and award criteria are set out in the associated tender documents.
Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.
Local Space Property Stock Insurance
Provision of property insurance and associated services for Local Space Limited's property portfolio.
The requirement includes property damage and related business interruption risks and may include property owners' liability, together with the associated claims handling, risk management, reporting and service requirements specified in the associated tender documents.
Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.
Status
active
Has Renewal
Yes
Has Options
Yes
Value
Including VAT
540,000
Amount
540,000
Currency
GBP
Award criteria
Criteria
Criterion 1
Type
quality
Name
Quality Technical and Social Value
Description
The quality assessment comprises:
cover provided: 50% of the quality score;
service delivery: 25% of the quality score;
claims handling: 15% of the quality score; and
social value: 10% of the quality score.
The resulting quality score will be weighted at 40% of the overall evaluation.
Further details, including the questions, scoring methodology, response requirements and applicable sub-criteria, are set out in the associated tender documents.
Numbers
Entry 1
Number
40
Weight
percentageExact
Criterion 2
Type
price
Name
Price
Numbers
Entry 1
Number
60
Weight
percentageExact
Suitability
Sme
Yes
Contract period
Starts
9 Feb 2027, 00:00
Ends
8 Feb 2030, 23:59
Max Extent Date
8 Feb 2032, 23:59
Renewal
Description
Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each.
Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.
Options
Description
Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.
Entry 2
Id
2
Title
Combined Liability Insurance
Description
Provision of combined liability insurance and associated services for Local Space Limited.
The requirement includes:
employers' liability insurance;
public liability insurance;
products liability insurance;
pollution liability and associated liability risks where specified;
claims handling;
claims reporting;
risk management; and
the related service requirements set out in the associated tender documents.
Tenderers must provide cover in accordance with the Technical Specification and clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements.
Status
active
Has Renewal
Yes
Has Options
Yes
Value
Including VAT
160,000
Amount
160,000
Currency
GBP
Award criteria
Criteria
Criterion 1
Type
quality
Name
Quality Technical and Social Value
Description
The quality assessment comprises:
cover provided: 50% of the quality score;
service delivery: 25% of the quality score;
claims handling: 15% of the quality score; and
social value: 10% of the quality score.
The resulting quality score will be weighted at 40% of the overall evaluation.
Further details, including the questions, scoring methodology, response requirements and applicable sub-criteria, are set out in the associated tender documents.
Numbers
Entry 1
Number
40
Weight
percentageExact
Criterion 2
Type
price
Name
Price
Numbers
Entry 1
Number
60
Weight
percentageExact
Suitability
Sme
Yes
Contract period
Starts
9 Feb 2027, 00:00
Ends
8 Feb 2030, 23:59
Max Extent Date
8 Feb 2032, 23:59
Renewal
Description
Local Space Limited may extend the Contract following the initial three-year term by up to two further periods of one year each.
Any extension will be at the discretion of Local Space Limited and subject to satisfactory performance, continued requirement, available budget, value for money and the terms and conditions of the Contract.
Options
Description
Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.
Buyer location · London · UKI41 · E15 4BZ · United Kingdom
Delivery location · UKC · United Kingdom
Delivery location · UKD · United Kingdom
Delivery location · UKE · United Kingdom
Delivery location · UKF · United Kingdom
Delivery location · UKG · United Kingdom
Delivery location · UKH · United Kingdom
Delivery location · UKI · United Kingdom
Delivery location · UKJ · United Kingdom
Delivery location · UKK · United Kingdom
Notice and amendment history
1 published notice version reviewed by ProcuraAxis.
1 VERSION
1
097711-2026Tender notice on Find a Tender ·
PROCURAAXIS ANALYSIS
ProcuraAxis Analysis
Our approved analysis of the opportunity appears below the official tender information.
ANALYSIS PREVIEW
Opportunity intelligence at a glance
Local Space Limited is inviting tenders for corporate insurance and associated services. Suppliers may bid for one or both separately awarded lots: property stock insurance and combined liability insurance. The initial term is three years from 9 February 2027, with up to two one-year extensions.
Who this may suit
Relevant to insurers able to provide property and/or liability cover, plus associated claims handling, reporting and risk-management services.
Key points identified
Insurance cover complianceProvide cover in accordance with the Technical Specification.Evidence: Both lot descriptions state: "Tenderers must provide cover in accordance with the Technical Specification".
Variations declarationClearly identify qualifications, exclusions, conditions, restrictions or variations from specified requirements.Evidence: Both lot descriptions require tenderers to "clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements".
Lot 1 scopeProperty damage and related business interruption risks; may include property owners' liability; associated claims handling, risk management, reporting and service requirements.Evidence: Lot 1 description.
94% approved-analysis confidence6 supplier criteria identified3 risks or unknowns
ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.
Local Space Limited is inviting tenders for corporate insurance and associated services. Suppliers may bid for one or both separately awarded lots: property stock insurance and combined liability insurance. The initial term is three years from 9 February 2027, with up to two one-year extensions.
Who this may suit
Relevant to insurers able to provide property and/or liability cover, plus associated claims handling, reporting and risk-management services.
Key deliverables
Lot 1: property stock insurance, including property damage and related business interruption risks
Lot 2: combined employers’, public, products and potentially pollution liability insurance
Associated claims handling, reporting, risk management and service delivery
SUPPLIER REQUIREMENTS
6 criteria identified
Insurance cover compliance
98% confidence
Provide cover in accordance with the Technical Specification.
View supporting evidence
Both lot descriptions state: "Tenderers must provide cover in accordance with the Technical Specification".
Variations declaration
98% confidence
Clearly identify qualifications, exclusions, conditions, restrictions or variations from specified requirements.
View supporting evidence
Both lot descriptions require tenderers to "clearly identify any qualifications, exclusions, conditions, restrictions or variations from the specified requirements".
Lot 1 scope
94% confidence
Property damage and related business interruption risks; may include property owners' liability; associated claims handling, risk management, reporting and service requirements.
View supporting evidence
Lot 1 description.
Lot 2 scope
98% confidence
Employers’, public, products and, where specified, pollution liability insurance; claims handling, claims reporting, risk management and related services.
View supporting evidence
Lot 2 description.
Conditions of Participation
95% confidence
Unknown; stated to be in associated tender documents.
View supporting evidence
Process description: "Conditions of Participation... are set out in the associated tender documents."
Lot bidding
99% confidence
Tenderers may tender for one or both lots.
View supporting evidence
Process description: "Tenderers may tender for one or both Lots."
COMMERCIAL AND DELIVERY
Contract intelligence
Commercial
Total maximum value
96% confidence
GBP 700,000
View supporting evidence
Process value_max: 700000 GBP.
Lot 1 value
98% confidence
GBP 540,000
View supporting evidence
Lot 1 value_amount: 540000 GBP.
Lot 2 value
98% confidence
GBP 160,000
View supporting evidence
Lot 2 value_amount: 160000 GBP.
Term
99% confidence
Initial three years from 9 February 2027, extendable by up to two further one-year periods; maximum five years.
View supporting evidence
Process description.
Pricing requirements
95% confidence
Unknown; stated to be in associated tender documents.
View supporting evidence
Process description: "pricing requirements... are set out in the associated tender documents."
Delivery
Delivery coverage
95% confidence
UK regions: UKC, UKD, UKE, UKF, UKG, UKH, UKI, UKJ and UKK.
View supporting evidence
Supplied delivery-location records list these regions.
Lot 1 delivery
96% confidence
Insurance and associated services for Local Space Limited's property portfolio.
View supporting evidence
Lot 1 description.
Service standards
94% confidence
Unknown; stated to be in associated tender documents.
View supporting evidence
Process description refers to "service standards" in associated tender documents.
process.submission_deadline and both lot submission_deadline fields: "2026-11-13T17:00:00Z".
Lot award structure
99% confidence
Each lot will be evaluated and awarded separately; awards may be made to the same or different tenderers.
View supporting evidence
Process description.
RISKS AND UNKNOWNS
Points requiring attention
Tender-document dependency
99% confidence
Material details, including scope of cover, limits, excesses, service standards, claims handling requirements, participation conditions, pricing and award criteria, are not provided in the supplied notice text.
View supporting evidence
Process description states these matters are set out in associated tender documents; no tender documents beyond the notice are supplied.
Lot 1 conditional scope
97% confidence
Property owners' liability is described as something that "may include" rather than a confirmed element.
View supporting evidence
Lot 1 description: "may include property owners' liability".
Pollution liability conditional scope
99% confidence
Pollution liability applies only "where specified".
View supporting evidence
Lot 2 description: "pollution liability and associated liability risks where specified".
ProcuraAxis analysis supplements, but does not replace, the original notice and tender documents. Always verify eligibility, deadlines and commercial terms with the issuing authority.
Continue in your ProcuraAxis workspaceFree account · Full approved analysis