Award

Provision of Insurance and related services to Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

SOVEREIGN HOUSING ASSOCIATION LIMITED T/A SOVEREIGN NETWORK GROUP & SOVEREIGN NETWORK HOMES T/A SOVEREIGN NETWORK GROUP

This public procurement record has 1 release in its history.

Award

21 Jan 2025 at 09:20

Award Notice
Summary of the contracting process

Sovereign Housing Association Limited, trading as Sovereign Network Group & Sovereign Network Homes, has completed a procurement process for the provision of insurance and related services. This includes property, legal liability, and other non-life insurable risks. The procurement was conducted using a selective negotiated procedure. The total contract value is £56,000,000, and the service will encompass regions including the UK, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the rest of the world. The award was finalised on 4th November 2024, and the contract period is set from 5th November 2024 to 4th November 2027. The procurement falls under the industry category of insurance services (CPV 66510000).

This tender presents significant opportunities for businesses operating within the insurance sector, particularly those specialising in property and legal liability insurance. It is a substantial contract that small and medium-sized enterprises (SMEs) are encouraged to compete for, as the tender specifies suitability for SMEs. By securing such a contract, businesses could enhance their portfolios and establish strong relationships within the public sector and housing market. Companies adept in handling extensive and diverse insurance needs, with the capability to serve multiple regions, are well-suited to compete for this type of tender.

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Notice Information

Notice Title

Provision of Insurance and related services to Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Notice Description

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2797d221-29f0-497d-b0aa-a3369711d29c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/30f006a1-2d71-4758-8893-236924459aae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated 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
£56,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£56,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jan 20251 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
4 Nov 20241 years ago
Contract Period
5 Nov 2024 - 4 Nov 2027 2-3 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
SOVEREIGN HOUSING ASSOCIATION LIMITED T/A SOVEREIGN NETWORK GROUP & SOVEREIGN NETWORK HOMES T/A SOVEREIGN NETWORK GROUP
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HAMPSHIRE
Postcode
RG21 4FA
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
Not specified
Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
4
Supplier Names

ARTHUR J. GALLAGHER INSURANCE BROKERS

JENSTEN INSURANCE BROKERS

WEALD

ZURICH

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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