Tender

CBC-0928-T-KH Insurance Services (Excluding Brokerage Services)

CENTRAL BEDFORDSHIRE COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

03 Oct 2018 at 11:24

Tender Notice
Tender

01 Oct 2018 at 15:51

Tender Notice
Summary of the contracting process

Central Bedfordshire Council is seeking to procure insurance services (excluding brokerage services) through an open tender identified as CBC-0928-T-KH. The procurement process is currently in the tender stage, with submissions due by 17:00 on 3rd December 2018. The insurance coverage is aimed to commence on 1st April 2019 and will run until 31st March 2022. This procurement falls under the insurance services category and is directed at suppliers based in the UK, as all insurance capacity must be placed with licensed companies registered with the Financial Conduct Authority and Prudential Regulation Authority. Interested parties are encouraged to submit their tenders via the In-tend electronic system and should pay careful attention to the specific requirements and selection criteria outlined in the tender documentation.

This tender offers a significant opportunity for businesses engaged in the insurance sector, particularly those that can also meet the requirements for financial stability, demonstrated by a minimum Standard & Poor’s Credit Rating of A-. Firms looking to collaborate or form consortia may also find this an advantageous tendering opportunity. Given the specific conditions regarding prior experience and licensing, suitable candidates may include established insurance companies, as well as reputable brokers who are capable of navigating the regulatory landscape of the UK insurance market. Potential bidders are encouraged to take advantage of the guidance provided by the Council to assist with the application process.

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Notice Information

Notice Title

CBC-0928-T-KH Insurance Services (Excluding Brokerage Services)

Notice Description

Central Bedfordshire Council are looking to procure coverage for its insurance requirements effective April 2019. The process is being run under the Open Procedure and is split into Lots defining packaged risk classes. Please note that Applicants will be able to tender for All or Any number of Lots but where multiple Lots are quoted,no individual Lot should be held conditional on being awarded a further Lot. All bidder will be subject to passing the selection critria as defined within the contract documentation. Conditions of Participation - Ultimate Insurance Capacity must be placed with Insurance companies licensed to underwrite insurance within the UK and registered with the Financial Conduct Authority and the Prudential Regulation Authority as appropriate. Any brokers subitting bids under MGA models or similar must also be registered with the Financial Conduct authority (FCA). Financial Criteria - A Standard & Poor Credit Rating (or equivalent) must be held of at least A- for Insurance Companies. Completed Tenders and attachments should be submitted electronically, by the due date via our "In-tend" electronic tendering system. Tenders must be uploaded via the "My Return" section of the system. Tenders submitted through the correspondence facility will not be considered. Your Tender must be submitted via the In-tend system by no later than 17:00 on 03/12/2018. Tenders received after that time will be excluded. Help and Support - The Council will provide as much support and information as it can to help guide you through the Tender process. Questions asked together with the response, will be made available to all tenderers to ensure a fair and consistent approach to all. If there is anything you are not sure of or need clarification on, please send a correspondence using the 'In-tend' portal tendering system Additional information: Prospective contractors must be able to demonstrate previous experience of similar work and be prepared to provide references. Applications are welcome from single organisations or consortia from the public, private and voluntary/community sector To express an interest, please log in or register on our electronic tendering system https://in-tendhost.co.uk/centralbedfordshire in order to view the necessary tendering documents and respond accordingly. Please note that once you have registered on In-tend a separate action (expressing an Interest) is required to access the documents, you must click on the actual Tender you wish to access. We accept no liability if you have not expressed an interest in the tender. Conditions of Participation - Ultimate Insurance Capacity must be placed with Insurance companies licensed to underwrite insurance within the UK and registered with the Financial Conduct Authority and the Prudential Regulation Authority as appropriate. Any brokers subitting bids under MGA models or similar must also be registered with the Financial Conduct authority (FCA). Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2b891956-e696-4c06-9d03-7fc15fcd53e0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1ec1e73-e152-4ef7-905b-e13eb6c7ecec
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

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

Notice Dates

Publication Date
3 Oct 20187 years ago
Submission Deadline
3 Dec 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2019 - 31 Mar 2022 3-4 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
CENTRAL BEDFORDSHIRE COUNCIL
Contact Name
ADMINISTRATOR ADMINISTRATOR
Contact Email
procurement@centralbedfordshire.gov.uk
Contact Phone
03003008000

Buyer Location

Locality
BEDFORDSHIRE
Postcode
SG17 5TQ
Post Town
Stevenage
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH25 Central Bedfordshire
Delivery Location
Not specified
Local Authority
Central Bedfordshire
Electoral Ward
Shefford
Westminster Constituency
Hitchin

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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