Award

Insurance Services 2019/20 - AWARD

THE UNIVERSITY OF NOTTINGHAM

This public procurement record has 1 release in its history.

Award

04 Jun 2020 at 09:57

Summary of the contracting process

The University of Nottingham has completed the procurement process for Insurance Services covering the period from 1 August 2019 to 31 July 2020. The tender, officially titled "Insurance Services 2019/20 - AWARD," falls under the service industry category related to insurance, classified with CPV code 66510000. The initial contract value was set at £1,500,000, with a minimum value of £600,000. This procurement was conducted through an open method, and while the tender period closed on 20 May 2019, the awarded contracts to Allianz Insurance plc and Royal & SunAlliance Insurance Plc were published on 4 June 2020.

This procurement presents significant opportunities for businesses involved in insurance services, particularly those offering policies in motor, directors and officers, professional indemnity, crime/fidelity, and pension trustee liability. Insurers looking to establish a long-term relationship with a reputable educational institution may find this to be an attractive avenue for growth. Companies equipped to provide comprehensive insurance solutions and able to cooperate directly with contracting authorities can leverage this contract to enhance their market presence within the region.

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Notice Title

Insurance Services 2019/20 - AWARD

Notice Description

The University of Nottingham is tendering for the provision of insurance policies for The University of Nottingham and its subsidiary companies. The requirement does not include broker services. The contract will initially be for one (1) year commencing on 1 August 2019 and ending on 31 July 2020 with options for long term agreements up to a further 2 years. The University of Nottingham requires the provision of Insurance Services from Insurers, Reinsurers or Discretionary Mutuals. The University can deal with Insurers who insure directly with the University as well as those who normally operate through a Broker. The University has an appointed Insurance Broker, Henderson Insurance Brokers Ltd who will provide technical support and guidance to the University throughout this procurement exercise. The University is not seeking services of another Insurance Broker. The policies required are: Lot 1 Motor Lot 2 Directors and Officers Lot 3 Professional Indemnity Lot 4 Crime/ fidelity Lot 5 Pension Trustee Liability

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0a817922-8aad-4ff7-94cc-35124ddbfee7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ef8a74d-2599-4dff-9909-dc51878e062b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
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
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£216,150 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20205 years ago
Submission Deadline
20 May 2019Expired
Future Notice Date
Not specified
Award Date
22 Jul 20196 years ago
Contract Period
31 Jul 2019 - 31 Jul 2020 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE UNIVERSITY OF NOTTINGHAM
Contact Name
Leanne Bryant
Contact Email
bbzlsb@exmail.nottingham.ac.uk
Contact Phone
01159513635

Buyer Location

Locality
NOTTINGHAMSHIRE
Postcode
NG7 2RN
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLF East Midlands (England)

Local Authority
Nottingham
Electoral Ward
Radford
Westminster Constituency
Nottingham South

Supplier Information

Number of Suppliers
2
Supplier Names

ALLIANZ INSURANCE

ROYAL & SUNALLIANCE INSURANCE

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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