Tender

Provision of Lease Holders Property Insurance For Gateshead Council

GATESHEAD COUNCIL

This public procurement record has 1 release in its history.

Tender

16 Aug 2017 at 07:27

Summary of the contracting process

The Gateshead Council is initiating a public procurement process for the "Provision of Lease Holders Property Insurance", classified under fire and property insurance services. This tender is actively seeking qualified insurance companies, as opposed to brokers, to deliver comprehensive coverage. The procurement will follow a selective method using the Competitive Procedure with Negotiation, with the tender open until 15th September 2017. The contract, valued at £847,575, is set to commence on 1st April 2018 and will run for three years, concluding on 31st March 2021. The service will be delivered in the North East region of the United Kingdom.

This tender represents an opportunity for established insurance companies that specialise in property coverage to expand their market share, particularly within the public sector. Businesses with expertise in providing insurance services and a robust understanding of local government procurement processes will be well-positioned to compete. Additionally, firms experienced in delivering quality insurance products tailored to the needs of leaseholders could find this an advantageous opportunity to develop relationships with public authorities like Gateshead Council.

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Notice Title

Provision of Lease Holders Property Insurance For Gateshead Council

Notice Description

Gateshead Council requires suitably qualified and experienced Insurance Companies (NOT BROKERS) to provide suitable, quality Lease Holders Property Insurance. Gateshead Council will follow the Competitive Procedure with Negotiation for this procurement process. Whilst the Council reserves the right to award the contract without negotiation after evaluation of the initial bids, they may choose to enter negotiation after initial valuation and before requesting best and final offers (BAFO) in accordance with the requirements of the Public Contract Regulations 2015.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3ca10d1f-0ddf-426f-af0b-c7b3dfdb7c18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3c6f6eac-ff40-4697-8a4d-ca8f3b3635fd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66515100 - Fire insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£847,575 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Aug 20178 years ago
Submission Deadline
15 Sep 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2018 - 31 Mar 2021 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
GATESHEAD 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
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

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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