Property Insurance (including Business Interruption) and Contractors All Risks, Computers and Money Insurance

The City of London Corporation (the City) seeks the provision of Property Insurance (including Business Interruption) and Contractors All Risks, Computers and Money Insurance. Organisations wishing to take part in this project are invited to "express interest" which will give access to the Selection Questionnaire (SQ) and drafts of the procurement documents in the e-tendering system (www.capitalesourcing.com)

Any questions relating to this procurement must be made via the correspondence area in the e-Tendering system, in accordance with the procurement documents.

The procurement is being run as a Competitive Procedure with Negotiation. Any organisation that considers itself able to meet the requirements of the selection criteria within the Selection Questionnaire will be invited to submit a tender.

The description of the service is set out in the procurement documents, particularly the specification – available from: https://www.capitalesourcing.com

The City is seeking tender responses based upon a Long Term Agreement of 3 years with an option to extend for a further 2 years, subject to performance, budgetary conditions and internal governance. The contract value stated is for the 5 year period.

The estimated contract value given is for the full duration of the contract including the maximum possible extensions. The estimated annual contract value is therefore £13,820,000.