Award

Insurance Tender Excluding Broker Services

LONDON BOROUGH OF BROMLEY

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The London Borough of Bromley has completed a tender for "Insurance Tender Excluding Broker Services" aimed at securing insurance service providers for various coverage types, including property damage and business interruption. Classified under the industry category of insurance services (CPV code 66510000), this procurement utilised an open procedure and concluded with an award dated 13 June 2016. The contract, with an indicative value of £309,400, spans an initial period of 1 year and 9 months, starting from 1 August 2016, with the possibility of a one-year extension. Delivery is centralised in the South East region of the United Kingdom, specifically within the borough of Bromley.

This tender presents significant opportunities for businesses within the insurance sector, particularly those offering comprehensive insurance services. Companies that excel in areas like property, business interruption, and fleet insurance, as well as firms that can navigate public sector procurement processes, would be well-positioned to compete. The competitive nature of the open tender process encourages participation from various entities, fostering growth for capable suppliers ready to meet the diverse needs of a local government contract.

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Notice Information

Notice Title

Insurance Tender Excluding Broker Services

Notice Description

The London Borough of Bromley is seeking Insurance Service providers to cover Property Comprising Material Damage, Business Interruption and Contract Works, Fidelity Guarantee, Motor Fleet, Engineering Inspection, Group Personal Accident & School Journey and Terrorism - First Loss Insurance Tender excluding Broker Services. The contract will be split into six lots. The contract will run for an initial period of 1 year and 9 months with the option to extend for a further year at the Council's discretion. Annual contract value is PS309,400. Please note this figure is indicative only.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-07d31c80-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a7f1fe1a-5b6a-4ca4-831a-f77a82628eed
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£492,000 £100K-£500K
Lots Value
Not specified
Awards Value
£492,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
13 Jun 2016Expired
Future Notice Date
Not specified
Award Date
12 Jun 20169 years ago
Contract Period
31 Jul 2016 - 30 Apr 2018 1-2 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
LONDON BOROUGH OF BROMLEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BROMLEY
Postcode
BR1 3UH
Post Town
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLJ South East (England)
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
3
Supplier Names

CHUBB INSURANCE

THISTLE INSURANCE SERVICES

ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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