Source: https://tendernation.io/opportunities/01a13b95-7ff8-7183-8918-dfa767853ac9/provision-of-surety-bonds

awarded GB open procedure Suitable for SMEs

# Provision of Surety Bonds

[Ministry of Justice](https://tendernation.io/buyers/ministry-of-justice)

Estimated value

£3,110,517

Published

26 Sept 2022

Deadline

Closed

13 Oct 2022

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

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## About this tender

To appoint an insurance broker, or brokers who will be responsible and accountable for the administration and management of the provision of surety bonds and for the procurement exercise to select a suitable insurer or insurers for the provision of surety bonds.

The Public Guardian (PG) was created under the Mental Capacity Act (2005). The OPG is an executive agency of the Ministry of Justice (MoJ) that supports the PG in discharging his duties.

The Mental Capacity Act (2005) makes provisions for ways in which decisions can be made on behalf of people in circumstances where they may be incapable of making such decisions personally. In such cases where the person has property or finances and no attorney in place, it will be necessary to apply the CoP for an appropriate deputyship order.

Where the CoP appoints a Deputy, it may require a surety bond to be in place for the protection of the person's property and, or finance. The Surety Bond is a guarantee to pay any financial losses arising from the Deputy's failure to fulfil their agreed duty. The CoP decides the value of the Surety Bond.

## CPV classification

Insurance and pension services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/c9c9ccfc-088b-492a-b2e9-5afd160ea6ac)

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