Award

4038 Director & Officer (D&O) Insurance 2020-22

HIGHWAYS ENGLAND

This public procurement record has 1 release in its history.

Award

03 Mar 2020 at 17:19

Award Notice
Summary of the contracting process

The procurement process involves Highways England seeking annual director and officer liability insurance (D&O Insurance) under the title "4038 Director & Officer (D&O) Insurance 2020-22." This contract, valued at £8,840, falls within the industry category of research and development services and related consultancy services. The procurement method utilised is selective, and it is being conducted as a call-off from a framework agreement. The contract period is from 3rd March 2020 to 30th April 2020, with the tender period having ended on 13th February 2020.

This tender presents significant opportunities for businesses specialising in insurance and risk management services, particularly those with experience in providing indemnity coverage for corporate executives. Companies that are well-suited to compete for this contract would include large insurance firms familiar with the nuances of director and officer liability policies and capable of fulfilling the specific requirements outlined in the tender documentation. These businesses can leverage this contract to establish a foothold with public sector clients and potentially expand their portfolio in similar opportunities.

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Notice Information

Notice Title

4038 Director & Officer (D&O) Insurance 2020-22

Notice Description

Annual directors' and officers' liability insurance ("D&O Insurance") is sought to cover all directors and executives of the company. A Director is defined under the policy as; - 1. Any natural person who was, is, or during the period of insurance becomes a director, partner, member or officer of the Company. 2. Any de facto director of the Company whilst acting in such capacity for the Company. 3. Any shadow director as defined under Section 250 of the Companies Act 2006. 4. Any employee of the Company. 5. The lawful spouse, civil or unmarried partner of any person above solely because of their spousal, civil or unmarried partner relationship following a claim against that person. 6. The estates, heirs or legal representatives of any person above who has died or become incapacitated, insolvent or bankrupt but only for a claim against that person.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3b3ebe95-be91-4bed-aa58-df845fa04484
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd6fe8a0-d846-4db6-ae3d-54954e0f4a4e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£8,840 Under £100K
Lots Value
Not specified
Awards Value
£8,840 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Mar 20206 years ago
Submission Deadline
13 Feb 2020Expired
Future Notice Date
Not specified
Award Date
3 Mar 20206 years ago
Contract Period
3 Mar 2020 - 30 Apr 2020 1-6 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
HIGHWAYS ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 6HA
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
Not specified
Local Authority
Bristol, City of
Electoral Ward
Lawrence Hill
Westminster Constituency
Bristol East

Supplier Information

Number of Suppliers
1
Supplier Name

WILLIS

Further Information

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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