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Award of Insurance Services 2024-2027

West Midlands Fire Service

This public procurement record has 1 release in its history.

Award

20 Sep 2024 at 09:19

Award Notice
Summary of the contracting process

The West Midlands Fire Service has completed a selective procurement process for insurance services, spanning from 2024 to 2027, with the potential to extend up to seven years. The procurement covered various types of insurance, including property, contractors' all risks, computers, terrorism, combined liability, motor fleet, and engineering inspection and insurance. This contract, valued at £4,500,000, utilises the YPO Insurance Placement Dynamic Purchasing System under the CPV classification of "Insurance services." The procurement stage is at the Award stage, and key dates include a tender period ending on 5 July 2024, with the contract period running from 1 October 2024 to 30 September 2027. The procurement process was facilitated by selective methods, resulting in active awards published on 20 September 2024.

This tender presents significant opportunities for large-scale businesses in the insurance industry to engage in long-term contracts with a reputable public buyer. Companies specialising in sectors such as property insurance, liability cover, motor fleet insurance, and engineering inspections would find this tender particularly advantageous for business growth. Although the procurement process is not suited for SMEs or VCSEs, large insurance providers like Zurich Municipal, Travelers Insurance, and Risk Management Partners, who have been awarded the contracts, demonstrate the high calibre and capacity required to compete successfully.

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Notice Information

Notice Title

Award of Insurance Services 2024-2027

Notice Description

Contracts for Insurance cover awarded through YPO Insurance Placement Dynamic Purchasing System, reference 000978. Contracts awarded for a period of 3 years with 2 options to extend for up to 7 years in total. Lot 1: Property, Contractors All Risks, Computers and Terrorism Lot 2: Combined Liability, including Employers and Public Liability, Professional and Officials Indemnity and Crime Lot 3: Motor Fleet Lot 4: Engineering Inspection & Insurance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1e045170-6e2d-44e5-99d2-7f9798389fb3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/880d6845-3747-49e9-9251-bf6d3f186648
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£4,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,970,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Sep 20241 years ago
Submission Deadline
5 Jul 2024Expired
Future Notice Date
Not specified
Award Date
20 Aug 20242 years ago
Contract Period
1 Oct 2024 - 30 Sep 2027 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
West Midlands Fire Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B7 4HW
Postcode Area
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Nechells
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
3
Supplier Names

Zurich Municipal

Travelers Ins Co Ltd

Risk Management Partners

Further Information

Notice Documents

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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