Award

HCC Mar 17 Provision of Insurance Services - AWARD

SUPPLY HERTFORDSHIRE

This public procurement record has 1 release in its history.

Award

29 Aug 2018 at 12:08

Summary of the contracting process

The Hertfordshire County Council recently awarded a contract for the Provision of Insurance Services, with a total estimated value ranging from £8,000,000 to £15,000,000. This contract is to run for three years starting from 1st September 2017, with the possibility of extending for an additional two years, depending on supplier performance and available financial resources. The procurement method employed was an open procedure, and the relevant industry category falls under financial and insurance services, specifically regarding property and liability insurance, with the primary delivery location in Hertfordshire, United Kingdom.

This procurement process presents valuable opportunities for established insurance firms, particularly those specialising in property, liability, and various forms of specialised insurance services. Potential competitors should have the capacity to meet the requirements of a significant contract estimated at approximately £1,600,000 to £3,000,000 annually. Companies already operating on a larger scale could find themselves well-positioned to cater to this contract due to the complexity and scale of services required, as demonstrated by the successful suppliers including Protector Insurance, Risk Management Partners, RSA Insurance Group PLC, and Zurich Municipal Insurance.

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Notice Title

HCC Mar 17 Provision of Insurance Services - AWARD

Notice Description

Following a procurement, Hertfordshire County Council has awarded contracts for the Provision of Insurance Services. This is an award notice and this opportunity is now closed. The successful suppliers are - Lot 1: Protector Insurance Lot 2: Risk Management Partners Limited Lot 3: Zurich Insurance plc (UK Branch) t/a Zurich Municipal Lot 4: Zurich Insurance plc (UK Branch) t/a Zurich Municipal Lot 5: RSA plc Lot 6: Risk Management Partners Limited The estimated total value of the contract is between PS8,000,000 and PS15,000,000 and is for the core contract period and also includes the approximate value for extensions. For the avoidance of doubt, the estimated annual contract value will be approximately PS1,600,000 and PS3,000,000. This contract is for a core period of three (3) years, with the option to extend the contract up to a maximum of a further two (2) years on an annual basis. Please note that the contract requirements will be subject to available financial resources, supplier performance and flexibility to meet changing demands. Contract Notice Number: 2017/S 059-109872 Award Notice Number: 2017/S 173-354727

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3cbd69d9-fcc8-42cc-ab02-73dd29a3567b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d4a53050-a2be-45b7-858f-1596f2da3ebc
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66513200 - Contractor's all-risk insurance services

66514000 - Freight insurance and Insurance services relating to transport

66514100 - Insurance related to Transport

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515300 - Weather and financial loss insurance services

66515400 - Weather-related insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
£15,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Aug 20187 years ago
Submission Deadline
12 May 2017Expired
Future Notice Date
Not specified
Award Date
31 Jul 20178 years ago
Contract Period
31 Aug 2017 - 31 Aug 2020 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SUPPLY HERTFORDSHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HERTFORDSHIRE
Postcode
SG13 8DE
Post Town
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified

Local Authority
East Hertfordshire
Electoral Ward
Hertford Castle
Westminster Constituency
Hertford and Stortford

Supplier Information

Number of Suppliers
4
Supplier Names

PROTECTOR INSURANCE

RISK MANAGEMENT PARTNERS

RSA INSURANCE GROUP

ZURICH MUNICIPAL INSURANCE

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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