Official UK procurement notice
Insurance Broker Services · UK public procurement notice
Authority: HS1 Ltd (t/a London St. Pancras Highspeed) (Public body)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionUnder its Concession Agreement with the DfT, London St. Pancras Highspeed (LSPH) is required to source a range of insurance policies. These policies must provide levels of cover which are specified in Schedule 5 (pages 150 - 157) of the Concession Agreement, which is available on LSPH's website at stpancras-highspeed.com/our-company/regulato… ↗ . LSPH is seeking to appoint an Insurance Broker to deliver its obligations at optimal cost, whilst minimising risk to LSPH. LSPH will be replacing its current Insurance Broker Services contract in July 2026. The contract will be for 5 years with an option to extend up to 3 more years, to deliver the services, to be defined in more detail in the ITT stage of this procurement - for those suppliers that are successful in the initial PSQ stage. The successful tenderer will ensure that all the required policies are placed for the initial annual insurance renewal date, which is 14th November 2026, and subsequent years thereafter.
- How the procedure runs: All communication relating to this procedure will be managed via LSPH's procurement portal. Full process details are in Attachment 1, provided as part of this call for competition. A brief summary is given below: Stage 1 - Call for competition / PSQ - LSPH publish this initial call for competition with a PSQ (Procurement Specific Questionnaire), including conditions of participation. - Interested parties confirm their interest by submitting their completed response to the PSQ by the deadline provided. - LSPH assess all PSQ responses submitted and create a shortlist of up to 5 tenderers to be taken forward to Stage 2 (the ITT). All interested parties will be notified by LSPH as to whether or not they have been successful at this stage. Stage 2 - ITT - ITT issues to the successful shortlisted tenderers from Stage 1 - Tenderers submit any questions / clarifications regarding the tender - LSPH respond to questions / clarifications - Tenderers submit their completed tenders - LSPH assess tender submissions and create a shortlist of 3 tenderers to be invited to proceed to the 'Presentation / Q&A' stage, to be held at LSPH's office in London. - Final post-presentations evaluation carried out by LSPH to select preferred supplier. - Notification of intention to award will be issued by LSPH. Standstill period commences. - Once standstill period ends, contract finalised and executed with successful tenderer. Please note that the 'Enquiry Deadline' stated in the 'Submission' section, refers to questions / clarifications that are submitted in Stage 2 (ITT) by tenderers that make it through to Stage 2 (the ITT), having been shortlisted after Stage 1.
CPV: Insurance brokerage and agency services · Insurance brokerage services · Railway insurance services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£45,535,714
- Economic & financial standing
Details provided in Attachment 2, provided as an attachment to this call for competition - access via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.
- Technical & professional ability
Details provided in Attachment 2, provided as an attachment to this call for competition - access via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.
What it takes to wini
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 morei
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).
Published sub-criteria (2)
- Stage 2 - ITT Scored questions: 60%
- Stage 2 - ITT Pricing: 40%
Published award criteria (2)
- Stage 2 - ITT Scored questions: Questions to be scored will be made available to tenderers that are shortlisted at the end of the Stage 1 PSQ. All questions and their respective weighting will be made available at the ITT stage. for all shortlisted tenderers. Details of the PSQ assessment are stated in the 2 Attachments provided on our e-sender's portal - link provided in the 'Submission' section.
- Stage 2 - ITT Pricing: All pricing submissions for year 1 will be compared. The lowest priced will score the full 40%. All other tenderers price will scored as a comparison to the cheapest tenderer's price using the formula: cheapest tenderer's price / tendered price X 40% So for example, if the lowest price, quoted by Supplier A for year 1, is £5.5m, and supplier B quoted £5.8m, then Supplier A (the cheapest) will score the full 40%; Supplier B will score 37.9%, calculated as follows: 5.5 / 5.8 X 40% = 37.9%
- Economic & financial standing
Details provided in Attachment 2, provided as an attachment to this call for competition - access via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.
- Technical & professional ability
Details provided in Attachment 2, provided as an attachment to this call for competition - access via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
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
- Utilities
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 20 Mar 2026, 15:00 GMT
- Last source update
- 16 Jun 2026, 12:19 BST
- Award evaluation window
- Submission end – 15 Jun 2026
- Authority reference
2025-12- FTS notice number
2026/S 000-025862- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06708bFind a Tender
- How it runs
All communication relating to this procedure will be managed via LSPH's procurement portal. Full process details are in Attachment 1, provided as part of this call for competition. A brief summary is given below: Stage 1 - Call for competition / PSQ - LSPH publish this initial call for competition with a PSQ (Procurement Specific Questionnaire), including conditions of participation. - Interested parties confirm their interest by submitting their completed response to the PSQ by the deadline provided. - LSPH assess all PSQ responses submitted and create a shortlist of up to 5 tenderers to be taken forward to Stage 2 (the ITT). All interested parties will be notified by LSPH as to whether or not they have been successful at this stage. Stage 2 - ITT - ITT issues to the successful shortlisted tenderers from Stage 1 - Tenderers submit any questions / clarifications regarding the tender - LSPH respond to questions / clarifications - Tenderers submit their completed tenders - LSPH assess tender submissions and create a shortlist of 3 tenderers to be invited to proceed to the 'Presentation / Q&A' stage, to be held at LSPH's office in London. - Final post-presentations evaluation carried out by LSPH to select preferred supplier. - Notification of intention to award will be issued by LSPH. Standstill period commences. - Once standstill period ends, contract finalised and executed with successful tenderer. Please note that the 'Enquiry Deadline' stated in the 'Submission' section, refers to questions / clarifications that are submitted in Stage 2 (ITT) by tenderers that make it through to Stage 2 (the ITT), having been shortlisted after Stage 1.
How it was run
Official notice- Submission deadline
- 15 May 2026, 17:00 BST
- Clarification deadline
- 4 May 2026, 17:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
20 Mar 2026 → 1 Jul 2026 · 8 dates- Tender notice published220 days ago20 Mar 2026, 15:00 GMT
- Clarification questions by175 days ago4 May 2026, 17:00 BST
- Submission deadline164 days ago15 May 2026, 17:00 BST
- Assessment summaries sent134 days ago15 Jun 2026, 00:00 BST
- Award decision expected by133 days ago15 Jun 2026, 23:59 BST
- Latest notice published133 days ago16 Jun 2026, 12:19 BST
- Standstill ends122 days ago26 Jun 2026, 23:59 BST
- Contract starts118 days ago1 Jul 2026
Notice history
7 events · 3 releases on Find a Tender · since 20 Mar 2026- Tender notice published20 Mar 2026, 15:00 GMTUK4
- Tender notice published9 Apr 2026, 14:15 BSTUK4
- Published value updated to £45,535,7149 Apr 2026, 14:15 BSTwas £53,571,428
- Contract award notice published16 Jun 2026, 12:19 BSTUK6
- Status changed to complete16 Jun 2026, 12:19 BST
- Buyer details updated16 Jun 2026, 12:19 BST
- Contract signature expected1 Jul 2026, 23:59 BSTscheduled
Published amendments (1)
the original estimated prices were incorrect as they were based on incorrect actual spend data for the year 2025-26.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Marsh Ltd1 Jul 2026 – 30 Jun 2031 · up to 30 Jun 2034Extensions: Internal contract performance review and assessment in advance of the end of the initial 5-year term and and subsequent annual assessments up to the maximum 8-year term. | £35,600,000 inc. VAT | 11 Jun 2026standstill to 26 Jun 2026 | Standstill |
Contracting authority & participating public bodies
2 public bodies on the noticeConsortium members and other public bodies
- HS1 Ltd (t/a London St. Pancras Highspeed)Contracting authorityPrivate utility
Bidders & participating suppliers
1 commercial party on the notice- Marsh LimitedAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specificationsAccess: 2 attachment provided - available via our e-sender's portal. Link provided in 'Submission details' in the 'Submission' section.
Notices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender