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United Kingdom164 days leftOpen

Provision of Insurance and Related Services to Richmond Housing Partnership

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

£8,703,120

DEADLINE

July 16, 2026 at 23:00

CATEGORY

Other

CPV CODE

66510000

REFERENCE

001655-2026

Project Timeline

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Contact Information

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View Original

Original Tender Description

The financial ability to deliver the programme, including insurers with a minimum Rating of ‘A’ from Standard and Poor, ‘A’ from A M Best, or an equivalent rating by an independent and reputable credit rating agency and approved by the bidder’s market security committee. In the case of any rating less than A-, the Contracting Authority will evaluate and accept the nominated insurer(s) at its sole discretion, subject to disclosure and acceptance prior to the bid deadline of the bidder’s market security committee’s latest report, including written recommendation from the bidder’s market security committee. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Teddington:-Damage-or-loss-insurance-services./4PBH7W28K8 To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/4PBH7W28K8
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MANDATORY EXCLUSION GROUNDS

  • No specific mandatory exclusion grounds are provided in the tender information.
✓

ELIGIBILITY REQUIREMENTS

  • No specific eligibility requirements for the bidding entity are provided in the tender information.
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TECHNICAL CAPABILITY REQUIREMENTS

  • The bidder must be capable of providing "Insurance and Related Services".
  • The bidder must be able to utilize insurers that meet the specified credit rating criteria.
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FINANCIAL REQUIREMENTS

  • The bidder must demonstrate the financial ability to deliver the insurance programme.
  • Insurers nominated by the bidder must have a minimum rating of ‘A’ from Standard and Poor.
  • Insurers nominated by the bidder must have a minimum rating of ‘A’ from A M Best.
  • Alternatively, nominated insurers must have an equivalent rating by an independent and reputable credit rating agency.
  • All nominated insurers must be approved by the bidder’s market security committee.
  • If a nominated insurer has a rating less than A-, the Contracting Authority reserves the right to evaluate and accept them at its sole discretion.
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SUBMISSION REQUIREMENTS

  • Bids must be submitted through the Delta eSourcing portal.
  • The submission deadline is 2026-07-16 23:00:00.
  • If proposing an insurer with a rating less than A-, the bidder must disclose this to the Contracting Authority prior to the bid deadline.
  • If proposing an insurer with a rating less than A-, the bidder must obtain acceptance from the Contracting Authority prior to the bid deadline.
  • If proposing an insurer with a rating less than A-, the bidder must submit their market security committee’s latest report, including a written recommendation from the committee, to the Contracting Authority prior to the bid deadline.

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PDF
Official PDF Version
PDF001655-2026_official.pdf
Summary:
Richmond Housing Partnership seeks insurance and related services, requiring bidders to use insurers with a minimum 'A' rating from Standard and Poor, A M Best, or an equivalent independent credit rating agency.

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67
Good

Tender Quality Score

This tender is critically incomplete, lacking essential documentation and evaluation criteria, which severely hinders fair competition and bidder preparation. While insurer rating requirements are clear, the overall process lacks transparency and detail.

Score Breakdown

Legal Compliance100/100

Legal compliance is questionable due to the absence of mandatory exclusion grounds and specific eligibility requirements for bidders, which are fundamental in public procurement directives and national laws.

•Missing mandatory exclusion grounds
•Missing specific eligibility requirements for bidders
Clarity40/100

While insurer credit rating requirements are clearly stated, the overall clarity is poor due to the absence of detailed service specifications, evaluation criteria, and comprehensive tender documents. The 'sole discretion' clause for lower-rated insurers, though explained, could benefit from further transparency regarding its application.

•Lack of detailed service scope for 'Insurance and Related Services'
•Missing evaluation criteria
Completeness83/100

The tender is critically incomplete, as no documents are attached, and essential information such as detailed specifications, terms and conditions, and evaluation criteria are entirely missing. This makes it impossible for bidders to prepare comprehensive and compliant proposals.

•No tender documents attached or content available
•Missing evaluation criteria
Fairness60/100

The absence of evaluation criteria is a significant fairness concern, as bidders cannot understand how their proposals will be assessed, leading to an unlevel playing field. While high insurer rating requirements are common for such services, the overall lack of transparency due to missing documents could disadvantage potential bidders.

•Missing evaluation criteria
•Potential for unfair assessment due to lack of transparent process details
Practicality40/100

It is impractical for potential bidders to formulate comprehensive and accurate proposals without detailed service specifications, terms, and evaluation criteria. The process for lower-rated insurers, while providing flexibility, adds complexity for bidders requiring pre-bid deadline disclosures and acceptance.

•Impractical for bidders to prepare comprehensive bids due to missing information
Data Consistency100/100

Based on the limited information provided, the internal requirements regarding insurer ratings and the process for lower-rated insurers appear consistent.

Sustainability0/100

The tender does not include any specific requirements or considerations related to environmental, social, or innovation aspects, representing a missed opportunity for sustainable and responsible procurement.

•No sustainability criteria
•No social criteria

Strengths

Clear title, reference number, and organization details
Specific and clear requirements for insurer credit ratings
Use of an e-sourcing portal for submission
Defined process for considering insurers with slightly lower ratings

Concerns

Critical absence of tender documents and content
Missing evaluation criteria
Lack of mandatory exclusion grounds and eligibility requirements for bidders
Undefined detailed scope of 'Insurance and Related Services'
Absence of sustainability, social, and innovation criteria

Recommendations

1. Publish full tender documentation, including detailed specifications, terms, conditions, and comprehensive evaluation criteria.
2. Clearly define mandatory exclusion grounds and eligibility requirements for bidding entities.
3. Incorporate sustainability, social, and innovation considerations into the tender requirements and evaluation.

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Tender Quality Score
67/ 100 · Good
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