Insurance Procurement

What the buyer is asking for

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.

How this is scored

Published by the buyer. A winning response is written to these weightings, not to the question.

• 40%qualityQuality Technical and Social ValueThe 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.
• 60%pricePrice

2 lots

You can usually bid for one lot without bidding for all of them.

• Property Stock Insurance£540k

  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.

• Combined Liability Insurance£160k

  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.

How contested is this?

Buyers publish how many bids they received. Across 32 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.

Timeline

3 published dates · Europe/London

1. Tender notice published22 days ago

   16 Oct 2026, 09:01 BST
2. Submission deadlinein 7 days

   13 Nov 2026, 17:00 GMT
3. Award decision expected byin 42 days

   18 Dec 2026, 23:59 GMT

Commercial outcome and contract awards

Nothing awarded yet

Notice history

1 event · 1 release on Find a Tender

1. Tender notice16 Oct 2026, 09:01 BST097711-2026

Documents

• Tender notice on Find a Tender