Award

Insurance Services (Financial Lines)

LONDON UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 1 release in its history.

Award

19 Aug 2020 at 12:30

Summary of the contracting process

The London Universities Purchasing Consortium has awarded a contract for Insurance Services (Financial Lines) to RSA Insurance Group plc. This procurement, categorised under insurance services, was initiated through an open procedure and the contract period will run from 1st August 2020 until 31st July 2025, with an option to extend for a further two years. The tender ended on 16th June 2020, and it encompasses various delivery addresses in the British Overseas Territories, Channel Islands, Europe, the Isle of Man, Rest of the World, and the United Kingdom, totalled at a value of £13 million.

This tender presents significant opportunities for businesses involved in insurance services, particularly those specialising in professional indemnity, directors and officers liability, and crime/fidelity guarantees. Small and medium-sized enterprises (SMEs) that can demonstrate relevant expertise and capability may find this contract an ideal opportunity to expand their offerings within the education sector and other organisations under the jurisdiction of the London Universities Purchasing Consortium.

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Notice Title

Insurance Services (Financial Lines)

Notice Description

London Universities Purchasing Consortium (LUPC) has awarded its financial lines insurance covers (professional indemnity, directors and officers liability and crime/fidelity guarantee) commencing 1.8.20 on a three-year basis with the option to extend for a further two years to the provider as advised.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2054c5a8-da12-4a9f-a974-dd359b6456c6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/37e60d1a-a31b-4188-be4b-4f7823e9641c
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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£13,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Aug 20205 years ago
Submission Deadline
15 Jun 2020Expired
Future Notice Date
Not specified
Award Date
19 Jul 20205 years ago
Contract Period
31 Jul 2020 - 31 Jul 2025 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON UNIVERSITIES PURCHASING CONSORTIUM
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
W1T 7NZ
Post Town
West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

RSA INSURANCE GROUP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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