Award

The Provision of Insurance - Professional Indemnity (Property Services) Insurance

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

24 Mar 2021 at 13:02

Award Notice
Summary of the contracting process

The procurement process involves Hampshire County Council seeking tenders for the provision of Professional Indemnity (Property Services) Insurance. This tender falls under the services category, specifically focused on professional liability insurance services. The procurement method was a direct single tender action below the threshold, and the tender period ended on 23rd March 2021. The contract, valued at £103,040, is set to run from 1st April 2021 to 31st March 2022, with services to be delivered to Hampshire County Council's address in Winchester, England.

This opportunity could be advantageous for businesses specialising in professional indemnity insurance, particularly those with experience in providing liability cover for public sector clients. Companies that can demonstrate a capacity to manage risk and offer consultancy services related to property management or advisory roles would be well-suited to compete. Engaging in this contract can help businesses expand their portfolio and establish long-term relationships with local government authorities.

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Notice Information

Notice Title

The Provision of Insurance - Professional Indemnity (Property Services) Insurance

Notice Description

Professional Indemnity (Property Services) insurance is a specialised branch of liability insurance which is most commonly purchased as a stand-alone policy. Professional Indemnity insurance provides liability cover against third party claims for financial loss, damage or injury arising from a breach of professional duty, negligent acts, errors or omissions of Hampshire County Council Property Services in its professional capacity undertaking surveys, providing advice and consultancy and associated services. Professional Indemnity Insurance cover is especially critical for organisations like Hampshire County Council that provide professional advice, offer educated recommendations, design solutions or represent the needs of others across a very broad spectrum of areas.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17b54dc0-ae7e-4e05-8103-1ccf040204d8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f35b917e-f636-4ecb-8771-8ed2091dd72c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£103,040 £100K-£500K
Lots Value
Not specified
Awards Value
£103,040 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20214 years ago
Submission Deadline
23 Mar 2021Expired
Future Notice Date
Not specified
Award Date
24 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2022 6-12 months
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
HAMPSHIRE COUNTY COUNCIL
Contact Name
Stevie Fountain
Contact Email
stevie.fountain@hants.gov.uk
Contact Phone
0370 7795209

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8ZB
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified
Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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