Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Insurance - Liability, Crime, Motor, Engineering and PA/Travel

City of London Corporation

This public procurement record has 1 release in its history.

Award

17 Dec 2021 at 12:21

Award Notice
Summary of the contracting process

The City of London Corporation is conducting a procurement process for an insurance contract titled "Insurance - Liability, Crime, Motor, Engineering and PA/Travel". This procurement falls under the financial and insurance services category and is set within London, United Kingdom. The contract was awarded following a selective procurement method via a framework agreement, with a total value of £691,710. The contract period runs from 24th June 2021 to 23rd June 2026, with an option to extend for an additional two years. The award of this contract was announced on 3rd June 2021, and the relevant notice was published on 17th December 2021.

This tender presents a significant opportunity for businesses in the insurance sector, particularly those offering services related to liability, motor, engineering, and personal accident insurance. Small and medium-sized enterprises (SMEs) with expertise in these areas are well-suited to compete for future contracts within this procurement framework. Given the long-term nature of the agreement and potential extensions, there is a chance for sustained business growth for successful bidders, as they can establish ongoing relationships with the City of London Corporation.

How relevant is this notice?

Notice Information

Notice Title

Insurance - Liability, Crime, Motor, Engineering and PA/Travel

Notice Description

Contract Award for Insurance - Contracts for Motor, Combined Liability, Professional Indemnity, Engineering, Personal Accident and Travel. Per annum figures have been provided in the value section. The insurance policies are technically one-year contracts, and the award is on a Long-Term Agreement of 3 years with an option to extend for a further 2 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ec4bbdd-40d8-470b-99bb-51a4a29fd3dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/15e3ee06-67a7-41d1-a3fd-09d2f8a1de46
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£281,116 £100K-£500K
Lots Value
Not specified
Awards Value
£691,710 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20214 years ago
Submission Deadline
30 Apr 2021Expired
Future Notice Date
Not specified
Award Date
3 Jun 20215 years ago
Contract Period
24 Jun 2021 - 23 Jun 2026 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
City of London Corporation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2P 2EJ
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
2
Supplier Names

British Engineering Services

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...