Award

Provision of Insurance - Professional Indemnity (Property Services)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

23 Mar 2022 at 14:05

Summary of the contracting process

Hampshire County Council has completed a procurement process for the provision of Professional Indemnity Insurance specifically for Property Services, with an award amount of £107,800. The procurement stage is classified as 'Award', having concluded on 23 March 2022. The contract period for the awarded service is set to commence on 1 April 2022 and extend until 31 March 2023. The procurement method employed was a direct approach, characterised as a single tender action below the threshold, with the service classified under professional liability insurance services.

This tender presents an opportunity for businesses specialised in providing professional indemnity insurance services to engage with Hampshire County Council. Companies that possess expertise in liability insurance and a proven track record of serving public sector clients will be particularly well-suited to compete in future tenders of similar nature. Engaging with local authorities like Hampshire County Council can facilitate business growth by expanding service portfolios and reaching new client segments within the public sector.

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Notice Title

Provision of Insurance - Professional Indemnity (Property Services)

Notice Description

Professional Indemnity insurance is a specialised branch of liability insurance which is most commonly purchased as a stand-alone policy. Professional Indemnity insurance provides liability cover against third party claims for financial loss, damage or injury arising from a breach of professional duty, negligent acts, errors or omissions of Hampshire County Council in its professional capacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-305cd525-909f-48d0-8c23-4cd2a2e7a279
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8b4817e2-acd9-493b-bd79-96b866981a25
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£107,800 £100K-£500K
Lots Value
Not specified
Awards Value
£107,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20223 years ago
Submission Deadline
23 Mar 2022Expired
Future Notice Date
Not specified
Award Date
23 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY 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
WINCHESTER
Postcode
SO23 8UJ
Post Town
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)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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