Tender

Insurance Brokerage (Non-Life) including Risk Management Services

LONDON UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 1 release in its history.

Tender

31 Mar 2021 at 13:30

Tender Notice
Summary of the contracting process

The London Universities Purchasing Consortium (LUPC) is actively seeking bids for an Insurance Brokerage (Non-Life) including Risk Management Services. This procurement falls under the services category and will cater to a group of 40 institutions, including various universities across the UK. The tender period is set to conclude on 10 May 2021, while the contract is expected to commence on 1 September 2021 and last until 31 August 2028. The procurement is conducted through an open procedure, inviting a wide range of participants to submit their proposals.

This tender presents significant opportunities for businesses in the insurance and risk management sector, particularly those capable of managing multiple insurance lines such as property, business interruption, and cyber-related risks. Companies that specialise in insurance brokerage services, as well as those with experience servicing educational institutions, would be particularly well-suited to compete. Engaging in this tender could lead to long-term partnerships with a substantial client base within the LUPC group and potentially other associated purchasing consortia.

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Notice Information

Notice Title

Insurance Brokerage (Non-Life) including Risk Management Services

Notice Description

London Universities Purchasing Consortium (LUPC), a company limited by guarantee, is undertaking this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/our-members/) and one NWUPC member (https://www.nwupc.ac.uk/our-members), the University of Wolverhampton. It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (http://www.neupc.ac.uk/who-are-our-members). The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism, clinical research and trials and cyber-related risks.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-284f58bc-1ff2-4840-8b7e-b813ea753ff2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d33c1ef6-1c13-4405-a0df-4276556de367
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20214 years ago
Submission Deadline
10 May 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2021 - 31 Aug 2028 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON UNIVERSITIES PURCHASING CONSORTIUM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W1T 7NZ
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

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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