Find a TenderAwardedContract award notice
Published 11 Apr 2025, 16:37 BST

Official UK procurement notice

Financial Lines Insurance Services

Official notice

Authority: LUPC Ltd (Public body)

3 lotsServicesCompetitive flexible procedureAbove thresholdSME suitable
Published estimate£29,400,000total for 3 lots · £32,928,000 inc. VAT
Submissions closed 22 May 2025awarded 3 Jul 2025
Award (standstill) to Risk Management Partners Ltd +2 more3 awards
Contract term 3 yrsends 1 Aug 2028 · up to 1 Aug 2030 with extensions · starts 1 Aug 2025

What is being bought3 lots · detail below

Published requirement description

London Universities Purchasing Consortium (LUPC) is undertaking this tendering process for Financial Lines Insurance Services commencing 1 August 2025 across three lots made up of Management Liability, Crime and Professional Indemnity. Offers are invited on behalf of one of more lots. The Agreement is being tendered on behalf of the LUPC Insurance Group, a collaborative group of 27 participating institutions from the following purchasing organisations - London Universities Purchasing Consortium: www.lupc.ac.uk/list-of-members.html ↗; Southern Universities Purchasing Consortium: www.supc.ac.uk/engage/our-members/o… ↗; and is also available to members of North East Universities Purchasing Consortium (NEUPC): www.neupc.ac.uk/our-members ↗; and North West Universities Purchasing Consortium (NWUPC): www.nwupc.ac.uk/our-members ↗. It should be noted that (1) LUPC is not seeking any broker services through this procurement; (2) stated inc. VAT values are inc. IPT (Insurance Premium Tax) and that (3) preliminary market engagement was undertaken in late January 2025, prior to commencement of the Procurement Act 2023.

  • The authority expects to re-tender this requirement around 11 Apr 2030, 00:59 BST.
  • How the procedure runs: There are potentially two stages, initial tender responses evaluated in stage one followed optionally by further negotiation and submission of best-and-final offers in stage two.

CPV: Insurance services

Lots and requirements (3)Procurement structure

3 lots · all with a published value (£29,400,000 together) · same conditions of participation on every lot · same evaluation weights on every lot
Lot #1Management LiabilityAwardedRenewal 3 yrsSMEPublished value£2,200,000

To meet or exceed the Insurance Group's Management Liability cover requirements as defined in the specification within the documentation.

Contract period: 1 Aug 2025 – 1 Aug 2028 (3 yrs) · up to 1 Aug 2030 with extensionsValue: £2,200,000 exc. VAT · £2,464,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.
Pre-qualification & selection criteria (PQQ)2
  • Economic & financial standing

    Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.

  • Technical & professional ability

    Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.

Lot #2CrimeAwardedRenewal 3 yrsSMEPublished value£5,400,000

To meet or exceed the Insurance Group's Crime cover requirements as defined in the specification within the documentation.

Contract period: 1 Aug 2025 – 1 Aug 2028 (3 yrs) · up to 1 Aug 2030 with extensionsValue: £5,400,000 exc. VAT · £6,048,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.
Pre-qualification & selection criteria (PQQ)2
  • Economic & financial standing

    Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.

  • Technical & professional ability

    Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.

Lot #3Professional IndemnityAwardedRenewal 3 yrsSMEPublished value£21,800,000

To meet or exceed the Insurance Group's Professional Indemnity cover requirements as defined in the specification within the documentation.

Contract period: 1 Aug 2025 – 1 Aug 2028 (3 yrs) · up to 1 Aug 2030 with extensionsValue: £21,800,000 exc. VAT · £24,416,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.
Pre-qualification & selection criteria (PQQ)2
  • Economic & financial standing

    Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.

  • Technical & professional ability

    Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored · same split on all 3 lots
Quality: 45%Price: 55%
Published sub-criteria (2)
  • Technical: 45%
  • Commercial: 55%
Published award criteria (2)
  • Technical: See documentation
  • Commercial: See documentation
Conditions of participation · identical on every lot2
  • Economic & financial standing

    Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.

  • Technical & professional ability

    Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.

What this means for your bid
  • Price carries 55 of 100 points: a 10% discount moves about 5.5 points. This one is won on the number: sharpen the price before polishing the prose.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Competitive flexible procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Above threshold (FTS publication)
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Yes · next expected 11 Apr 2030
First published
11 Apr 2025, 16:37 BST
Last source update
3 Jul 2025, 19:52 BST
Award evaluation window
Submission end – 4 Jul 2025
Authority reference
INS5104 LU
FTS notice number
2025/S 000-014765
Latest notice
Contract award notice (UK6)
Classification (CPV)
Insurance services
Delivery area
UKNorth East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)
+2 moreSouth East (UKJ)South West (UKK)
Official registry OCID
ocds-h6vhtk-0501ea Find a Tender
How it runs

There are potentially two stages, initial tender responses evaluated in stage one followed optionally by further negotiation and submission of best-and-final offers in stage two.

How it was run

Official notice
Run through: EU-Supply (CTM) · Who buys & how to bid on EU-Supply
Public notice page · account needed to bidElectronic submission allowedLanguage: EN
Access & registration note: Free · 5–10 minutes
Submission deadline
22 May 2025, 14:00 BST
Clarification deadline
29 Apr 2025, 14:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

Timeline

11 Apr 2025 → 1 Aug 2025 · 8 dates
  1. Tender notice published
    11 Apr 2025, 16:37 BST
  2. Clarification questions by
    29 Apr 2025, 14:00 BST
  3. Submission deadline
    22 May 2025, 14:00 BST
  4. Assessment summaries sent
    3 Jul 2025, 00:00 BST
  5. Latest notice published
    3 Jul 2025, 19:52 BST
  6. Award decision expected by
    4 Jul 2025, 00:59 BST
  7. Standstill ends
    15 Jul 2025, 23:59 BST
  8. Contract starts
    1 Aug 2025

Notice history

4 events · 2 releases on Find a Tender · since 11 Apr 2025
  1. Tender notice published
    11 Apr 2025, 16:37 BST
    UK4
  2. Contract award notice published
    3 Jul 2025, 19:52 BST
    UK6
  3. Status changed to complete
    3 Jul 2025, 19:52 BST
  4. Contract signature expected
    29 Jul 2025, 23:59 BST
    scheduled

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 3
Bids received 145 from SMEs
Awarded toValueDateStatus
Lot 2 · Crime1 award
ZURICH INSURANCE COMPANY LTD1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost.—3 Jul 2025standstill to 15 Jul 2025Standstill
Lot 3 · Professional Indemnity1 award
Arthur J. Gallagher (UK) Limited1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost.—3 Jul 2025standstill to 15 Jul 2025Standstill
Across several lots1 award
Risk Management Partners Ltd1 Aug 2025 – 31 Jul 2028 · up to 31 Jul 2030Extensions: option to extend for two further periods of one year each subject to satisfactory service, performance and cost.—3 Jul 2025standstill to 15 Jul 2025Standstill

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Management Liability5final-stage tenders20—
2 · Crime5final-stage tenders20—
3 · Professional Indemnity4final-stage tenders10—

Contracting authority & participating public bodies

LUPC

Contracting authorityPublic authority - sub-central government GB-PPON: PNVT-3763-LBZD LUPC 5th floor Pinnacle House 23-26 St Dunstan's Hill, London, London, EC3R 8HNContact name, email, phone

Bidders & participating suppliers

3 commercial parties on the notice
  • ARTHUR J. GALLAGHER (UK) LIMITEDAwarded supplierGB-COH: 01193013GB-PPON: PDCL-7842-ZCJD The Walbrook Building, 25 Walbrook, London, London, EC4N 8AWContact email
  • RISK MANAGEMENT PARTNERS LTD.Awarded supplierGB-COH: 02989025GB-PPON: PBRT-8377-RCDJ The Walbrook Building, London, London, EC4N 8AWContact email
  • ZURICH INSURANCE COMPANY LTDAwarded supplierGB-COH: BR000105GB-PPON: PQWR-3824-ZVZH The Zurich Centre, 3000 Parkway ,Whiteley, Fareham, Hampshire, South East, PO15 7JZContact email

Official documents & specifications (4)

Official links; attachments are not copied

Notices published for this procedure

  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender