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Closing soon17 hours left · closes 5pm, Friday 13 November 2026

Insurance Procurement

Local Space · Local or regional public body

In brief

Local Space is looking for suppliers for financial services work (North East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South West).

The estimated value is £700,000 excluding VAT.

The contract runs for 3 years, up to 5 years with extensions, starting 9 February 2027.

It is split into 2 lots, so a supplier can bid for part of the work.

The buyer says it is suitable for small and medium-sized businesses.

Bids close at 5pm, Friday 13 November 2026.

Built from the notice's own fields. Always check the official notice before you bid.

Can I win this?

Key dates

Bids by
5pm, Friday 13 November 2026

How bids are scored

Quality Technical and Social Value 40% · Price 60%

Price matters most. Expect to compete hard on cost.

Competition

Typical: a median of 3.5 bids per contract for financial services contracts in this region (from 40 awards in the last 12 months).

The buyer expects to buy this again around October 2031.

What the notice says

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.

Should I bid?

Tick what applies to you. Nothing is saved.

How to bid

  1. Read the full notice on Find a Tender, including any tender documents it links to.
  2. Register your organisation on the Central Digital Platform (through Find a Tender) if you have not already. Suppliers need to be registered to take part in procurements under the Procurement Act 2023.
  3. Submit your bid through the buyer's e-tendering portal: www.delta-esourcing.com.
  4. Make sure your bid arrives before 5pm, Friday 13 November 2026. Late bids are usually rejected.

Lots

LotTradeValue
Property Stock Insurance
9 February 2027 to 8 February 2030
What this lot covers

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.

Financial services and insurance£540,000
Combined Liability Insurance
9 February 2027 to 8 February 2030
What this lot covers

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.

Financial services and insurance£160,000

Timeline

  1. Tender notice · UK4, notice 097711-2026

About the buyer

Local SpaceLast 12 months

Procurements

14

Awards

9
All tenders and awards from Local Space

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From notice 097711-2026 on Find a Tender, first published 16 October 2026. We last checked for changes on 16 October 2026.