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.

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. Renewal: 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: Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.

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. Renewal: 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: Insurance quotation options: the tender documentation also allows alternative/variant insurance quotations around cover, limits, excesses and related terms.

Procurement Act 2023

Open procedure

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