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OpenStage · contract 4 days to close

HM Government of Gibraltar

VOLUNTARY EX ANTE TRANSPARENCY (VEAT) NOTICE Provision of Medical Malpractice and Professional Indemnity Insurance (Care Agency)

Financial ServicesCPV 66510000
Value£740k
Deadline17 Jul 2026
Published7 Jul 2026
RegionNationwide
Contract value in context
£740ktotal contract value
median £150k
this tender£0£4.7m

This sits in the upper-middle of the Financial & Insurance Services band — a substantial contract for the sector. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

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The brief

Transparency Notice This notice is published voluntarily for transparency purposes only and does not seek expressions of interest or responses from the market.

Contract Description The contract is for the provision of Medical Malpractice Insurance and Professional Indemnity Insurance for the Care Agency (Department).

Procurement Background Separate procurement exercises were undertaken for each requirement following market engagement intended to encourage greater competition.

Only one tender was received in response to each exercise.

The sole tenderer proposed a combined insurance placement covering both requirements and maintained this position following clarification that the requirements had been tendered separately.

Market Response The Contracting Authority has concluded that the tenders received were not suitable for award in the form originally tendered, as the…

Key requirements

What the supplier must deliver

01

The proposed contract will provide continuous cover

The proposed contract will provide continuous cover through a single combined insurance arrangement.

02

The combined arrangement has been reviewed by

The combined arrangement has been reviewed by the Department and is considered capable of meeting its operational requirements.

03

Having regard to the previous procurement procedures

Having regard to the previous procurement procedures, the absence of suitable tenders capable of award in the form tendered, the documented market feedback and the need to avoid a gap in essential insurance protection, the Contracting Authority considers that the direct award is justified under Regulation 32A(2)(a).

Derived from the notice text — always confirm against the original documents.

Source & provenance
OCID
1ded3547-1ec5-46cf-b61a-c2fa7624a727
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
09_2026
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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