In deliveryUnited Kingdom
High Value Commercial Buildings Insurance
- Published
- Published 20 March 2025
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
Key details
- Country
- United Kingdom
- Status
- In delivery
- Procedure
- Direct
- Published
- 20 March 2025
Award outcome
- Awarded value
- £1,741,044
- Award date
- 18 March 2025
- Contract period
- 7 April 2025 → 30 March 2028
- CHUBB EUROPEAN GROUP LTD
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Notice history
Every published notice in this contracting process, newest first.
Contract
6 May 2025
View notice ↗Contract
7 April 2025
View notice ↗Contract
20 March 2025
View notice ↗
Contracting authority
London Borough of Sutton
BuyerSutton, United Kingdom
GB-PPON: PJMC-1445-VCVG
Authority website ↗
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