Skip to main content
Tenders

Insurance Broker Services

Open
Deadline
49 days left
May 15, 2026
Contract Details
Category
Open Procedure
Reference
025862-2026
Value
£60,000,000
Location
United Kingdom
Published
March 20, 2026
CPV Code
Project Timeline

Tender Published

March 20, 2026

Deadline for Questions

May 08, 2026

Submission Deadline

May 15, 2026

Contract Start Date

July 01, 2026

Budget
£60,000,000
Duration
60 months
Location
United Kingdom
Type
Open Procedure
75
Quality Score/100
Good

Original Tender Description

Under 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 https://stpancras-highspeed.com/our-company/regulatory/regulatory-docs/ (click on ‘Download’ button in the Concession Agreement section). 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. This date is non-negotiable and we will need a notification to go to the DfT one month prior, on progress and expected placements. If any tenderer feels that this could not be achieved, they must raise this as soon as possible in the process (using the messaging facility on the procurement portal). This PSQ is being issued by LSPH in connection with a Competitive Flexible procedure in accordance with the Procurement Act 2023. Please review the introduction, process details, and instruction for participation in Attachment 1, provided as an attachment to this PSQ (Procurement Specific Questionnaire) - see link provided to our e-sender's portal, in the 'Submission' section.

Risk Analysis

Please log in to use risk analysis.

Login

Win Strategy

Please log in to access winning strategy recommendations.

Login

Competitors

Upgrade to see which companies are likely to bid on this tender, based on historical procurement data.

Login

Requirements & Qualifications

13 requirements across 5 categories

Submission (3)
Mandatory (1)
Compliance (4)
Technical (4)
Financial (1)
SUBMISSION REQUIREMENTS3
--Bidders must review the introduction, process details, and instructions for participation in Attachment 1 (Procurement Specific Questionnaire).
--Bidders must submit their response via the e-sender's portal.
--Any concerns regarding the ability to meet the 14th November 2026 renewal date must be raised as soon as possible via the messaging facility on the procurement portal.
MANDATORY EXCLUSION GROUNDS1
--Suppliers must not be in a situation of exclusion as defined by the Procurement Act 2023.
ELIGIBILITY REQUIREMENTS4
--Suppliers must be able to provide insurance brokerage services.
--Suppliers must be able to meet the insurance cover levels specified in Schedule 5 of the Concession Agreement.
--Suppliers must be able to place all required policies for the initial annual insurance renewal date of 14th November 2026.
TECHNICAL CAPABILITY REQUIREMENTS4
--Proven ability to source a range of insurance policies.
--Demonstrated experience in meeting specified levels of insurance cover.
--Capacity to manage insurance renewals and provide timely notifications to the DfT.
FINANCIAL REQUIREMENTS1
--The estimated value of the contract is 60,000,000 EUR.

Requirements Preview

Sign up to view complete requirements and analysis

Documents

No processed documents available for this tender.

Documents will appear here once they are downloaded and analyzed.

75
Good

Tender Quality Score

This tender for Insurance Broker Services is generally well-structured, with clear objectives and a substantial estimated value. Key areas for improvement include the specification of evaluation criteria and the provision of document content.

Score Breakdown

Legal Compliance75/100

The tender adheres to the Procurement Act 2023 and specifies a competitive flexible procedure. The CPV code is appropriate. While deadlines are present, the submission deadline might be considered tight given the complexity implied by the Concession Agreement reference. No disputes are noted. The procedure appears compliant with UK regulations.

Clarity80/100

The description clearly outlines the need for insurance brokerage services, referencing a specific Concession Agreement for detailed cover requirements. The role of the broker and the non-negotiable renewal date are well-communicated. However, the absence of explicit evaluation criteria leaves some ambiguity regarding how bids will be assessed.

Missing evaluation criteria
Completeness70/100

Most basic information is present, including title, reference, organization, estimated value, contract duration, and start date. The CPV code is provided. However, the tender documents are listed but their content is not accessible or summarized, hindering a full assessment of completeness. The AI-extracted requirements are helpful but do not replace actual document content.

No document content available
Fairness85/100

The tender is open, and the estimated value is disclosed. The procedure is competitive. Requirements are based on a public Concession Agreement, suggesting a degree of objectivity. The use of an e-procurement portal is implied. No specific tailoring to individual companies is evident.

Practicality65/100

The tender specifies e-submission via a portal and provides a URL for the Concession Agreement. The contract start date and duration are clear. Financing information is not explicitly detailed, and the 'Competitive flexible procedure' implies a multi-stage process which may add complexity for bidders. The lack of immediate access to full tender documents impacts practicality.

No e-submission (explicitly stated as a check issue, but implied by portal reference)
Missing financing information
Data Consistency90/100

Key fields such as title, reference, organization, value, and dates are populated. The contract start date (July 2026) logically precedes the first renewal date (November 2026). No suspension or disputes are indicated. The data appears consistent and logical.

Sustainability50/100

The tender does not explicitly mention green procurement, social aspects, or innovation. It is not indicated as EU funded. This suggests a lack of focus on sustainability criteria within this procurement notice.

Not green procurement
No social criteria

Strengths

Clear description of service needs and objectives
Substantial estimated value and contract duration
Reference to a public Concession Agreement for detailed requirements
Use of a competitive flexible procedure

Concerns

Missing evaluation criteria
Inaccessible tender document content
Potentially tight submission deadline
Lack of explicit sustainability considerations

Recommendations

1. Specify clear evaluation criteria to guide bidders.
2. Ensure all tender documents are accessible and provide summaries.
3. Consider extending the submission deadline if the complexity warrants it.

AI Scoring Preview

Sign up to view complete requirements and analysis

Complete quality score analysis
Detailed sub-score breakdown
Strengths & concerns insights
Strategic recommendations

No credit card required • Setup in 2 minutes

New Service

Want us to handle this tender?

Our procurement experts prepare everything. Proven to work — you review, approve, and submit.

~1hYour time only
80%+80%+
$0Upfront
See full comparison
Without TaaSWith TaaS
40-80 hrs
Preparation time
~1 hr
Your time only
15-25%
Average win rate
80%+
Win rate
Risk of errors
Manual review
Expert QA
Compliance check
You do all
Handle everything
We do all
End-to-end service
Let's Win This Tender
Pay only when you win · 400+ companies trust us
Or do it yourself

Add to Pipeline