Scope
Description
Local Space are tendering for the provision of Insurance Services for a potential 3 year contract with the option to extend by a further 2 years.
Our insurance cover requirements include the following -
• Property Stock Insurance
• Public & Employers' Liability Insurance
• Terrorism Insurance
• Excess Liability Insurance
• Crime Insurance
• Directors & Officers Liability Insurance
Total value (estimated)
- £675,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 May 2026 to 30 April 2029
- Possible extension to 30 April 2031
- 5 years
Description of possible extension:
A 2 year extension is permissible
Main procurement category
Services
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Not the same for all lots
CPV classifications are shown in Lot sections, because they are not the same for all lots.
Lot 1. Property Stock
Description
Provision of Insurance cover for Property stock in England.
Lot value (estimated)
- £450,000 including VAT
CPV classifications
- 66515200 - Property insurance services
- 66515410 - Financial loss insurance services
- 66516400 - General liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Lot 2. Combined Liability
Description
Provision of Combined Liability Insurance
Lot value (estimated)
- £75,000 including VAT
CPV classifications
- 66515000 - Damage or loss insurance services
- 66516000 - Liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Lot 3. Terrorism
Description
Provision of Terrorism insurance
Lot value (estimated)
- £0 excluding VAT
- £30,000 including VAT
CPV classifications
- 66515200 - Property insurance services
- 66515410 - Financial loss insurance services
- 66516400 - General liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Lot 4. Excess Liability
Description
Provision of Excess Liability insurance
Lot value (estimated)
- £10,000 including VAT
CPV classifications
- 66515200 - Property insurance services
- 66515410 - Financial loss insurance services
- 66516400 - General liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Lot 5. Crime
Description
Provision of insurance against loss due to crime
Lot value (estimated)
- £30,000 including VAT
CPV classifications
- 66515200 - Property insurance services
- 66515410 - Financial loss insurance services
- 66516400 - General liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Lot 6. Directors and officers liability
Description
Provision of directors and officers liability insurance
Lot value (estimated)
- £80,000 including VAT
CPV classifications
- 66513000 - Legal insurance and all-risk insurance services
- 66516000 - Liability insurance services
Same for all lots
Contract locations and contract dates are shown in the Scope section, because they are the same for all lots.
Participation
Particular suitability
Lot 1. Property Stock
Lot 2. Combined Liability
Lot 3. Terrorism
Lot 4. Excess Liability
Lot 5. Crime
Lot 6. Directors and officers liability
Small and medium-sized enterprises (SME)
Submission
Submission type
Requests to participate
Deadline for requests to participate
6 February 2026, 11:59pm
Submission address and any special instructions
Email: steve_higgins@ajg.com
Address: Local Space, 58 Romford Road, Stratford, London E15 4BZ
Tenders may be submitted electronically
No
Languages that may be used for submission
English
Award decision date (estimated)
6 March 2026
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Price | Price | 60% |
| Quality | Quality | 40% |
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Competitive flexible procedure
Competitive flexible procedure description
Local Space are looking for the provision of Insurance Services and will conduct a 2 stage procedure.
Stage 1 - Invitation to Tender
Stage 2 - Best & Final Offer
Contracting authority
LOCAL SPACE
- Companies House: IP29840R
- Public Procurement Organisation Number: PNNZ-9862-XRHH
58 Romford Road
London
E15 4BZ
United Kingdom
Contact name: Kim Humberstone
Email: Procurement@localspace.co.uk
Website: https://www.localspace.co.uk/
Region: UKI41 - Hackney and Newham
Organisation type: Public authority - sub-central government
Other organisation
These organisations are carrying out the procurement, or part of it, on behalf of the contracting authorities.
ARTHUR J. GALLAGHER (UK) LIMITED
Summary of their role in this procurement: Insurance expertise
- Companies House: 01193013
- Public Procurement Organisation Number: PDCL-7842-ZCJD
The Walbrook Building, 25 Walbrook
London
EC4N 8AW
United Kingdom
Contact name: Steve Higgins
Telephone: 01245 341224
Email: steve_higgins@ajg.com
Website: https://www.ajg.com/uk
Region: UKI31 - Camden and City of London