Award

YPO - 000978 Insurance Placement DPS

SOUTH KESTEVEN DISTRICT COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

17 Jul 2024 at 13:29

Award

08 Jul 2020 at 10:45

Summary of the contracting process

The South Kesteven District Council has completed the tender process for insurance services under the title "YPO - 000978 Insurance Placement DPS". The contract, valued at £2,089,732.30, has been awarded to Zurich Municipal. This selective procurement involved calling off from a dynamic purchasing system. The tender period ended on 3rd April 2020, and the contract spans from 1st July 2020 to 30th June 2027, providing opportunities for business growth in the services category within the East Midlands region.

Small and medium enterprises (SMEs) that offer insurance services could benefit from participating in similar tenders due to the South Kesteven District Council's focus on accessibility to such businesses. The current award to Zurich Municipal enables them to expand their market presence and service offerings. Businesses interested in public sector insurance contracts via dynamic purchasing systems should closely monitor opportunities within the services sector in the council's region to enhance their growth prospects.

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Notice Title

YPO - 000978 Insurance Placement DPS

Notice Description

Provision of insurance services 17/07/2024 Value amendment made to reflect full duration of contract. Contract tendered for duration of 3+2+2 (7 years including optional extensions) Original contract value of PS1,492,665.95 based on annual value of PS298,533.19 for initial term and the first 2 yr extension only and didn't consider the second 2 yr extension, PS298,533.19 X 7 = PS2,089,732.30

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2179dc91-e35b-43bc-9209-23db125ed663
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a57d9ceb-8d60-4d42-9688-11d852219255
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
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
£2,089,732 £1M-£10M
Lots Value
Not specified
Awards Value
£1,492,665 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jul 20241 years ago
Submission Deadline
3 Apr 2020Expired
Future Notice Date
Not specified
Award Date
15 Jun 20205 years ago
Contract Period
30 Jun 2020 - 30 Jun 2023 2-3 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
SOUTH KESTEVEN DISTRICT 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
GRANTHAM
Postcode
NG31 6PZ
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)

Local Authority
South Kesteven
Electoral Ward
Grantham St Wulfram's
Westminster Constituency
Grantham and Bourne

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICIPAL

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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