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Tender for Insurance and Claims Management (excluding Insurance Broking)

Newark And Sherwood District Council

This public procurement record has 2 releases in its history.

Award

29 Jan 2019 at 11:24

Award Notice
Tender

29 Oct 2018 at 17:12

Tender Notice
Summary of the contracting process

The Newark & Sherwood District Council has initiated a tender for an extensive Insurance and Claims Management service, excluding Insurance Broking. This contract, worth £2,000,000, covers a variety of insurance needs including property damage, casualty, and professional liability among others, divided into several lots. The anticipated start date for the service is 1st February 2019, with a contract duration of three years, and a possible extension of an additional two years. The tender period ended on 30th November 2018, and the procurement method utilised was an open procedure.

This procurement presents significant growth opportunities for businesses involved in insurance services, especially those offering specialised insurance solutions and claims management expertise. Companies of varying sizes, including SMEs, would be well-placed to compete for the contract, particularly those with capabilities in specific areas outlined in the tender such as property and engineering insurance services. The competitive structure allows businesses to bid for individual lots, encouraging participation from a diverse array of suppliers.

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Notice Information

Notice Title

Tender for Insurance and Claims Management (excluding Insurance Broking)

Notice Description

The Council is undertaking an insurance tender to include (but not limited to) Property Damage (including Material Damage, Business Interruption, Contract Works/Works in Progress, Money, and All Risks), Terrorism, Casualty (including Employers Liability, Public/Products Liability, Officials Indemnity, Professional Indemnity, Libel and Slander and Public Health), Fidelity Guarantee/Crime, Motor Fleet and Uninsured Loss Recovery, Personal Accident/Travel, Engineering Insurance and Computers. The Services have been divided into work packages (Lots) and Tenderers are invited to bid for all or any of the following Lots: 1. Property (excluding Industrial Commercial Property) 2. Industrial and Commercial Property 3. Combined Liability 4. Motor Fleet 5. Group Personal Accident 6. Engineering 7. Fine Art / Heritage 8. Package Lot - Lots 1, 3 and 4 The anticipated service commencement date is 1st February 2019. The Council proposes to enter into Contract(s) for a maximum period of 3 years plus option to extend for a period of 2 further years with the successful Tenderer(s).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-27e30313-40f5-492d-ab8e-de2d90312959
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6c058755-2e18-4154-932d-d41aa5c6df46
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
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66512100 - Accident insurance services

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,022,330 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jan 20197 years ago
Submission Deadline
30 Nov 2018Expired
Future Notice Date
Not specified
Award Date
21 Jan 20197 years ago
Contract Period
1 Feb 2019 - 31 Jan 2022 3-4 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
Newark And Sherwood 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
MANCHESTER
Postcode
M3 5AG
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLF East Midlands (England)
Local Authority
Salford
Electoral Ward
Blackfriars & Trinity
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
3
Supplier Names

AXA Art Insurance

Risk Management Partners

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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