Award

Lancashire Renewables Engineering Breakdown & Engineering Business Interruption Insurance Policies

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

25 Mar 2020 at 15:36

Tender

31 Jan 2020 at 19:38

Summary of the contracting process

The procurement process involves Lancashire County Council, seeking insurance services for their Lancashire Renewables sites. The tender, titled "Lancashire Renewables Engineering Breakdown & Engineering Business Interruption Insurance Policies," is currently in the Award stage. This contract is valued at £95,000 and covers a period from 1st April 2020 to 31st March 2022, with a potential renewal for an additional year. The tender was published on 31st January 2020, and bids were accepted until 3rd March 2020, with all bids from insurance brokers disqualified as JLT Specialty Ltd has been appointed as the sole broker for the authority.

This tender presents opportunities for small and medium-sized enterprises (SMEs) that specialise in providing insurance solutions tailored for engineering breakdowns and business interruptions. Suitable businesses may include those with experience in risk assessment and management within the engineering sector, particularly in the North West of the United Kingdom. Engaging in this tender enables businesses to establish a long-term relationship with Lancashire County Council, potentially leading to further contracts in the future.

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Notice Title

Lancashire Renewables Engineering Breakdown & Engineering Business Interruption Insurance Policies

Notice Description

This tender is for the provision of annual insurance policies for Engineering Breakdown and Engineering Business Interruption for the Lancashire Renewables sites. Cover will be for a period of 12 months with the option to provide cover for a subsequent 12 month period on a price renewal basis for a maximum total contract duration of 24 months. JLT Speciality Ltd has the sole appointment as insurance brokers to the Authority for the LR portfolio to prepare the ITT document for any LR insurance policies required. Brokers dealing with insurance are not invited to submit bids. Any bids from insurance brokers or organisations the Authority deem to be brokers will be disqualified from the Tender.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-241fc0e2-8c8a-45d2-b18a-3597204236a6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/806001d6-2f1f-459e-a91d-3bf0ed2d5cec
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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
£95,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20205 years ago
Submission Deadline
3 Mar 2020Expired
Future Notice Date
Not specified
Award Date
25 Mar 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2022 1-2 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
LANCASHIRE COUNTY COUNCIL
Contact Name
Rachel Green
Contact Email
corporatecontracts@lancashire.gov.uk
Contact Phone
01772 535026

Buyer Location

Locality
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)

Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

N/A - NO BIDS RECEIVED

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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