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TC1031 - Insurance Coverage

Manchester City Council

This public procurement record has 1 release in its history.

Award

13 Jul 2020 at 10:07

Award Notice
Summary of the contracting process

The procurement process for insurance coverage, titled "TC1031 - Insurance Coverage," is managed by Manchester City Council. This tender falls under the insurance services category and is situated in the United Kingdom. The procurement stage is currently at the award phase, having been finalised on 30th June 2020, with the contract commencing from 1st July 2020 and ending on 30th June 2023. The total value of the awarded contract is £2,018,587, and this process was conducted using an open procurement method, allowing participation from a wide range of suppliers.

This tender presents significant opportunities for businesses, particularly those specialised in insurance services. Companies offering comprehensive coverage options for fine art, crime, and terrorism are particularly well-positioned to compete in this market. The awarded suppliers, AXA XL and Maven Public Sector (part of Aon UK Ltd), highlight that both established firms and smaller enterprises can thrive in this sector, enabling growth by participating in public procurement processes.

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Notice Information

Notice Title

TC1031 - Insurance Coverage

Notice Description

TC1031 Insurance Coverage Lot 1 - All Risks - Fine Art / Museum Exhibits Lot 2 - Crime / Fidelity Guarantee Lot 3 - Terrorism

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0afcd7e7-59ad-41c8-9fcc-a71449c81c6c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e377ee13-0b23-4709-8032-c88d8304a973
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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£2,216,665 £1M-£10M
Lots Value
Not specified
Awards Value
£2,018,587 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20206 years ago
Submission Deadline
10 Jan 2020Expired
Future Notice Date
Not specified
Award Date
30 Jun 20206 years ago
Contract Period
1 Jul 2020 - 30 Jun 2023 2-3 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
Manchester City Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M60 2LA
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
2
Supplier Names

AXA XL

Maven Public Sector a part of Aon UK Ltd

Further Information

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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