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Further Competition Under Insurance Placement DPS 1198 for Southampton City Council and their appointed Insurance Broker - Marsh Limited

Yorkshire Purchasing Organisation

This public procurement record has 1 release in its history.

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07 Mar 2025 at 13:09

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Summary of the contracting process

The procurement process for "Further Competition Under Insurance Placement DPS 1198 for Southampton City Council and their appointed Insurance Broker - Marsh Limited" was managed by Yorkshire Purchasing Organisation. This tender, classified under the financial and insurance services category, was conducted using a restricted procedure and falls under the services procurement category. The contract, valued at GBP 5,622,655.50, is to be delivered in the United Kingdom. Following the tender period end on 18 December 2024, the contract is set to commence on 1 April 2025 and conclude on 31 March 2030. Key parties involved include the buyers at Yorkshire Purchasing Organisation and the awarded suppliers: Travelers, Risk Management Partners Ltd, and Zurich Municipal.

This tender presents lucrative opportunities for businesses in the financial and insurance sectors, particularly those with expertise in property/material damage, combined liability and fidelity guarantee, personal accident and travel insurance, motor fleet insurance, and engineering inspection and insurance. The procurement process is selective, favouring SMEs, which can help drive growth and expansion. Businesses with the capability to provide comprehensive insurance and risk management services would be well-positioned to compete for such contracts and establish long-term partnerships with public sector entities like Southampton City Council.

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Notice Information

Notice Title

Further Competition Under Insurance Placement DPS 1198 for Southampton City Council and their appointed Insurance Broker - Marsh Limited

Notice Description

Further Competition Under Insurance Placement DPS 1198 for Southampton City Council and their appointed Insurance Broker - Marsh Limited

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-298bbef6-afa9-4e5c-a84a-d551e22d84ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eae7f14d-c4cc-4a68-9e11-ee35543ca4ba
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£5,622,655 £1M-£10M
Lots Value
Not specified
Awards Value
£5,622,654 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20251 years ago
Submission Deadline
18 Dec 2024Expired
Future Notice Date
Not specified
Award Date
19 Feb 20251 years ago
Contract Period
1 Apr 2025 - 31 Mar 2030 Over 5 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
Yorkshire Purchasing Organisation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTHAMPTON
Postcode
SO14 7LY
Postcode Area
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
Not specified
Local Authority
Southampton
Electoral Ward
Bargate
Westminster Constituency
Southampton Itchen

Supplier Information

Number of Suppliers
3
Supplier Names

Risk Management Partners Ltd

Travelers

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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