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Further Competition Under Insurance Placment DPS 978 for Torridge District Council and their appointed Insurance Broker - Aon

Yorkshire Purchasing Organisation

This public procurement record has 1 release in its history.

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31 Jul 2024 at 10:51

Award Notice
Summary of the contracting process

The Yorkshire Purchasing Organisation has completed a tender for the "Further Competition Under Insurance Placement DPS 978" on behalf of Torridge District Council and their appointed insurance broker, Aon. This procurement falls under the Financial and Insurance Services category (CPV code 66000000) and covers multiple lots, including terrorism, motor, liability, fidelity, PA & travel, property, engineering, and marine. The contract period will run from 1st September 2024 to 31st August 2029, with a total value of approximately £999,026.25. The restricted procedure above threshold method was utilised for this selective procurement, adhering to a structured and competitive process. The involved parties and suppliers for this procurement are all located within the United Kingdom.

This tender presents a significant business opportunity for companies operating in the insurance sector, particularly those offering specialised services such as terrorism, motor, liability, and property insurance. The business growth potential is high, especially for large-scale companies capable of delivering comprehensive insurance solutions to local councils and public authorities. Small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) were also recognised as suitable to bid, highlighting inclusivity in the procurement process and offering chances for broader market participation. This procurement aligns well with businesses looking to establish or expand their presence in public sector contracts.

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Notice Information

Notice Title

Further Competition Under Insurance Placment DPS 978 for Torridge District Council and their appointed Insurance Broker - Aon

Notice Description

Further Competition Under Insurance Placment DPS 978 for Torridge District Council and their appointed Insurance Broker - Aon

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-03007538-ca0e-447d-ab60-44d410f5befd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/addd8c85-21e8-4ece-9222-09d23ee9626a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£999,026 £500K-£1M
Lots Value
Not specified
Awards Value
£999,026 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20242 years ago
Submission Deadline
29 May 2024Expired
Future Notice Date
Not specified
Award Date
23 Jun 20242 years ago
Contract Period
1 Sep 2024 - 31 Aug 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Yorkshire Purchasing Organisation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIDEFORD
Postcode
EX39 2QG
Postcode Area
Exeter
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK43 Devon CC
Delivery Location
Not specified
Local Authority
Torridge
Electoral Ward
Bideford North
Westminster Constituency
Torridge and Tavistock

Supplier Information

Number of Suppliers
5
Supplier Names

Ark Syndicate Management Ltd

Protector Forsikring ASA

Risk Management Partners

Travelers Ins Co Ltd

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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