Tender

WP3862 - Insurance and Claims Handling Services

WALSALL COUNCIL E-TENDERING

This public procurement record has 3 releases in its history.

TenderAmendment

24 Oct 2022 at 15:50

TenderAmendment

24 Oct 2022 at 15:49

Tender

24 Oct 2022 at 13:51

Summary of the contracting process

The Walsall Council e-Tendering is seeking to procure Insurance and Claims Handling Services through a selective procurement method. The title of the tender is "WP3862 - Insurance and Claims Handling Services" in the financial and insurance services category. The contract period is from April 1, 2023, to March 31, 2026, with the tender closing on November 24, 2022. Businesses interested in offering Property & Pecuniary Insurance, Commercial/Industrial, Liability, and other insurance services should consider bidding for this opportunity.

This tender presents an opportunity for insurance service providers to diversify their portfolio and expand their clientele. Businesses specialising in financial and insurance services, particularly those experienced in providing a wide range of insurance solutions, are well-suited to compete. The Council aims to appoint one supplier per Lot, offering potential for multiple awards to successful bidders. With the tender period ending on November 24, 2022, businesses have the chance to engage with the Walsall Council and showcase their capabilities in Insurance and Claims Handling Services.

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Notice Title

WP3862 - Insurance and Claims Handling Services

Notice Description

The Council wishes to purchase Insurance and Claims Handling Services. The Services have been divided into Lots and Tenderers are invited to bid for all or any of the following Lots: 1. Property & Pecuniary Insurance 2. Commercial/Industrial 3. Combined Liability 4. Crime 5. Personal Accident/Travel including Youth services and Schools Activities/Journeys 6. Motor Fleet - Comprehensive 7. Engineering 8. Computers The Council is looking to appoint one supplier per Lot for this contract, suppliers may bid for and be awarded more than one Lot. In accordance with the requirements of the Public Contracts Regulations 2015, the procurement process being used is a mini-competition under YPO Insurance Placement DPS 978. Gallagher will be supporting the Council as technical advisor throughout the process with all evaluation being under complete control of the Council. Insurance Service Agreement (ISA(B)) Gallagher have an Insurance Services Agreement in place whereby in exchanged for providing additional continued support to Insurers to enable them to successfully underwrite and manage a risk throughout the period of the contract. Following placement, insurers agree to pay Gallagher 3.5% of the total annual premium spend in exchange for those additional services provided. This is with the exception of Zurich Municipal who are a direct deal insurer and so do not provide ISA payments. YPO will also be payable at 0.50% Insurance Services Brokerage for use and placement of cover. Additional information: Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0aed32b7-2dff-481c-8d0c-df1d4be6da71
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1d75b03d-4f53-4f22-8219-fe6758b382b4
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66513000 - Legal insurance and all-risk insurance services

66515000 - Damage or loss insurance services

66516000 - Liability insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Oct 20223 years ago
Submission Deadline
23 Nov 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2023 - 31 Mar 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WALSALL COUNCIL E-TENDERING
Contact Name
Stacey Hackett
Contact Email
stacey.hackett@walsall.gov.uk
Contact Phone
123456

Buyer Location

Locality
WEST MIDLANDS
Postcode
WS1 1TP
Post Town
Walsall
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG38 Walsall
Delivery Location
Not specified

Local Authority
Walsall
Electoral Ward
St Matthew's
Westminster Constituency
Walsall and Bloxwich

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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