Award

1590 ITT EW - Insurance Broker Services - AWARD

THE UNIVERSITY OF NOTTINGHAM

This public procurement record has 2 releases in its history.

AwardUpdate

21 Oct 2021 at 09:16

Award Notice
Award

21 Oct 2021 at 09:13

Award Notice
Summary of the contracting process

The University of Nottingham has completed the procurement process for Insurance Brokerage Services, initiated through an open tender called "1590 ITT EW - Insurance Broker Services - AWARD." The award was finalised on 18th October 2021, following a tender period that concluded on 17th September 2021. This contract, valued at £170,000, is designated for use solely by the University and is set to commence on 1st November 2021, lasting until 31st October 2022. The relevant service will support the management of the University's insurance portfolio, which is crucial for maintaining operational stability.

This tender presents significant opportunities for growth, particularly for businesses specialising in insurance brokerage services. Companies that can efficiently support insurance tender processes, offer operational risk management, and provide comprehensive market analysis would be well-positioned to compete. As the contract allows for ongoing collaboration, firms with the capability to deliver tailored insurance solutions and maintain strong relationships with insurers could find this an ideal prospect to enhance their market presence.

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Notice Information

Notice Title

1590 ITT EW - Insurance Broker Services - AWARD

Notice Description

Awarded. The University requests tenders from sufficiently experienced and qualified suppliers to establish a contract for the provision of Insurance Brokerage Services to support the University's management of its insurance portfolio. This contract will be available for the sole use of the University of Nottingham. The service will include (but not be limited to) the following key elements: o Supporting the University with any future insurance tenders o Acting as an intermediary between the University and its insurers and placing insurance covers o Dealing with insurance renewals o Claims and operational risk management service o Other relevant market analysis, reports, advice and support as required The supplier must be able to commence services from 1st November 2021.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-324acfe2-5543-48c6-967f-30dc164fffbc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4af81974-d05c-4eeb-a985-6c0d7d2a0452
Current Stage
Award
All Stages
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

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£170,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20214 years ago
Submission Deadline
17 Sep 2021Expired
Future Notice Date
Not specified
Award Date
17 Oct 20214 years ago
Contract Period
1 Nov 2021 - 31 Oct 2022 6-12 months
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
THE UNIVERSITY OF NOTTINGHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NOTTINGHAMSHIRE
Postcode
NG7 2RN
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLF East Midlands (England)
Local Authority
Nottingham
Electoral Ward
Radford
Westminster Constituency
Nottingham South

Supplier Information

Number of Suppliers
1
Supplier Name

GRIFFITHS & ARMOUR

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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