Notice Information
Notice Title
Insurance Tender - Property Lot 1 Awards 2024-2029
Notice Description
The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance. The contract is split into 10 Lots as follows: Lot 1: Property Lot 2: Combined Liability Lot 3: Terrorism Lot 4: Director & Officers Liability Lot 5: Crime Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084
- 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 (above threshold)
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66510000 - Insurance services
66515200 - Property insurance services
Notice Value(s)
- Tender Value
- £3,310,440 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- £3,310,440 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 18 Apr 20241 years ago
- Submission Deadline
- 19 Feb 2024Expired
- Future Notice Date
- Not specified
- Award Date
- 4 Mar 20241 years ago
- Contract Period
- 31 Mar 2024 - 2 Apr 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
- CAPITALESOURCING
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- HORNTON STREET LONDON
- Postcode
- W8 7NX
- Post Town
- West London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI3 Inner London - West
- Small Region (ITL 3)
- TLI33 Kensington & Chelsea and Hammersmith & Fulham
- Delivery Location
- Not specified
-
- Local Authority
- Kensington and Chelsea
- Electoral Ward
- Campden
- Westminster Constituency
- Kensington and Bayswater
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084
18th April 2024 - Awarded contract notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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