Award

NU/1819 Insurance Brokering Service

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

07 Mar 2023 at 08:33

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for insurance brokering services to Arthur J Gallagher Insurance Brokers Ltd. The contract, titled "NU/1819 Insurance Brokering Service," has a total value of £36,500 and runs from 1st March 2023 to 28th February 2025. The procurement stage was initiated as a tender process, with the tender period ending on 23rd January 2023. The location of the service delivery is in England, United Kingdom, and the industry category is insurance brokerage services.

This opportunity for business growth is suitable for small and medium-sized enterprises (SMEs) looking to provide insurance brokering services. Businesses with expertise in insurance products, risk management, claims handling, and market analysis would be well-suited to compete. Newcastle University, as the buying organisation, seeks a supplier to work closely with them on insurance tendering exercises, risk management, claims handling, and ensuring compliance with procurement directives. The awarded contract offers a chance for businesses to demonstrate value for money, best practices, and expertise in the insurance sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

NU/1819 Insurance Brokering Service

Notice Description

The scope of this contract is for the supply of an insurance brokering service including, but not limited to, the following: - * To work with the University on the full insurance tendering exercise for insurance products * Review and provide advice on the levels and types of cover appropriate for the University including the development and implementation of an insurance programme for the University * Assistance and advice on and negotiation of, renewal terms and premiums, including pre-renewal meetings * Advice on and full compliance with the Above Threshold Procurement Directives for implementing renewals * Operational Risk Management advice, support and guidance based on insurance programme and activities of the university * Issuance of policy documentation * Provision of template documents * Summary of cover for all policies * Provision of webpages for main policies * Full claims management service including: o Administration and support o Liaison with loss adjusters /assessors o Additional support on major claims o Site visits following loss or damage o Provision of monthly and quarterly claims report o Day to day support including technical/specialist advice * Advising on best practice in terms of procedures and processes used by the University in its insurance administration ensuring that the University is kept up to date on any development or change in the insurance market * Full use of IT to facilitate record keeping, analysis of data and speedy communication * Benchmarking University insurance strategy against best practice * Advice and proposals for increasing value for money * Annual Service Review meetings * Access to whole of market policies for general and specialist insurances including international exposures such as for our campuses in Singapore and Malaysia where required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/064bde86-2447-46fe-989b-7ef864bb6650
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£36,500 Under £100K
Lots Value
Not specified
Awards Value
£36,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20232 years ago
Submission Deadline
23 Jan 2023Expired
Future Notice Date
Not specified
Award Date
23 Feb 20233 years ago
Contract Period
7 Mar 2023 - 28 Feb 2025 1-2 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
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J GALLAGHER INSURANCE BROKERS

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d-2023-03-07T08:33:17Z",
    "date": "2023-03-07T08:33:17Z",
    "ocid": "ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "NCL001-DN639660-66038002",
        "title": "NU/1819 Insurance Brokering Service",
        "description": "The scope of this contract is for the supply of an insurance brokering service including, but not limited to, the following: - * To work with the University on the full insurance tendering exercise for insurance products * Review and provide advice on the levels and types of cover appropriate for the University including the development and implementation of an insurance programme for the University * Assistance and advice on and negotiation of, renewal terms and premiums, including pre-renewal meetings * Advice on and full compliance with the Above Threshold Procurement Directives for implementing renewals * Operational Risk Management advice, support and guidance based on insurance programme and activities of the university * Issuance of policy documentation * Provision of template documents * Summary of cover for all policies * Provision of webpages for main policies * Full claims management service including: o Administration and support o Liaison with loss adjusters /assessors o Additional support on major claims o Site visits following loss or damage o Provision of monthly and quarterly claims report o Day to day support including technical/specialist advice * Advising on best practice in terms of procedures and processes used by the University in its insurance administration ensuring that the University is kept up to date on any development or change in the insurance market * Full use of IT to facilitate record keeping, analysis of data and speedy communication * Benchmarking University insurance strategy against best practice * Advice and proposals for increasing value for money * Annual Service Review meetings * Access to whole of market policies for general and specialist insurances including international exposures such as for our campuses in Singapore and Malaysia where required.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66518100",
            "description": "Insurance brokerage services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 36500,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other -",
        "tenderPeriod": {
            "endDate": "2023-01-23T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-03-01T00:00:00Z",
            "endDate": "2025-02-28T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-69256",
            "name": "Newcastle University",
            "identifier": {
                "legalName": "Newcastle University"
            },
            "address": {
                "streetAddress": "Newcastle University, 1 Park Tce",
                "locality": "Newcastle upon Tyne",
                "postalCode": "NE1 7RU",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Leigh Robinson",
                "email": "leigh.anderson@ncl.ac.uk",
                "telephone": "+44 1912088618"
            },
            "details": {
                "url": "https://www.ncl.ac.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-237745",
            "name": "Arthur J Gallagher Insurance Brokers Ltd",
            "identifier": {
                "legalName": "Arthur J Gallagher Insurance Brokers Ltd"
            },
            "address": {
                "streetAddress": "Station Square, One Gloucester Street, Swindon, Wiltshire, SN1 1GW"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-69256",
        "name": "Newcastle University"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d-1",
            "status": "active",
            "date": "2023-02-23T00:00:00Z",
            "datePublished": "2023-03-07T08:33:17Z",
            "value": {
                "amount": 36500,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-237745",
                    "name": "Arthur J Gallagher Insurance Brokers Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-03-07T00:00:00Z",
                "endDate": "2025-02-28T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/064bde86-2447-46fe-989b-7ef864bb6650",
                    "datePublished": "2023-03-07T08:33:17Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}