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Provision of Insurance Coverage (Excluding Broking Services)

Somerset County Council

This public procurement record has 1 release in its history.

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19 Apr 2023 at 09:06

Award Notice
Summary of the contracting process

The Somerset County Council has awarded the contract for the provision of insurance coverage (excluding broking services) to multiple suppliers, including Maven Public Sector, Protector Insurance, Zurich Municipal, Ashdale Engineering UK Ltd, and Alesco Risk Management Services Limited. The contract is valued at £4,694,420.82 and covers various lots such as property combined, motor fleet, personal accident, and terrorism. The contract period spans from 1st April 2023 to 31st March 2026, with options for extension.

This procurement opportunity, initiated through a tender process, provides a chance for businesses, especially in the insurance services sector, to secure contracts with Somerset County Council. Small and medium-sized enterprises (SMEs) looking to provide insurance services could find this tender suitable due to the inclusion of various lots catering to different insurance needs. The deadline for tender submissions was 14th November 2022, and the contract entails a significant monetary value of £7,500,000, offering a lucrative business growth opportunity for successful bidders.

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Notice Information

Notice Title

Provision of Insurance Coverage (Excluding Broking Services)

Notice Description

This procurement opportunity is divided into the following lots: 1 Property Combined 2 Housing Properties 3 Property Owners 4 Leasehold & Mortgaged Properties 5 Works in Progress 6 Crime 7A Combined Liability - EL, PL/Products and PEL (1 million deductible) 7B Combined Liability - EL, PL/Products and PEL (500k deductible) 8A Motor Fleet (1 million deductible) 8B Motor Fleet (250k deductible) 9 Personal Accident 10 Engineering Inspection Services 11 Combined Liability - OI and PI 12 Terrorism 13 Fine Art 14 Director & Officers Liability The Contracts being offered are due to commence on 1st April 2023 and will expire on 31st March 2026, with options to extend for a maximum of a further 48 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-13fe1eaa-b434-4156-ae97-d4e016f99d5c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a0519785-8b80-4a75-9ff3-c6c5a3433fe9
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
SME
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
£7,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£4,694,420 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Apr 20233 years ago
Submission Deadline
14 Nov 2022Expired
Future Notice Date
Not specified
Award Date
9 Mar 20233 years ago
Contract Period
1 Apr 2023 - 31 Mar 2026 3-4 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
Somerset County 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
TAUNTON
Postcode
TA1 4DY
Postcode Area
Taunton
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK62 Somerset
Delivery Location
TLK South West (England)
Local Authority
Somerset
Electoral Ward
Bishop's Hull & Taunton West
Westminster Constituency
Taunton and Wellington

Supplier Information

Number of Suppliers
5
Supplier Names

Alesco Risk Management Services Limited

Ashdale Engineering UK Ltd

Maven Public Sector

Protector Insurance

Zurich Municipal

Further Information

Open Contracting Data Standard (OCDS)

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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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