Award

Property Insurance in respect of Leasehold Flats (excluding Broker Services) 2022 - 2025 (2027)

WIGAN COUNCIL

This public procurement record has 1 release in its history.

Award

29 Mar 2022 at 08:16

Award Notice
Summary of the contracting process

Wigan Council has recently awarded a contract for Property Insurance in respect of Leasehold Flats, set to run initially from 1st April 2022 to 31st March 2025, with a potential extension of up to two additional years. The total estimated value for the contract over the three-year period is approximately £73,891. The procurement process followed the Public Contracts Regulations 2015, utilising a competitive further competition from the YPO Insurance Placement Dynamic Purchasing System (DPS). The deadline for final tender applications was on 16th February 2022, meaning this process is currently complete.

This contract presents a valuable opportunity for businesses in the insurance sector, particularly those offering property insurance solutions. Small and medium enterprises (SMEs) are encouraged to participate, as the tender explicitly states suitability for SMEs. Companies that specialise in providing tailored insurance services for leasehold properties or have expertise in managing insurance for residential buildings would be particularly well-suited to compete for similar future tenders.

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Notice Information

Notice Title

Property Insurance in respect of Leasehold Flats (excluding Broker Services) 2022 - 2025 (2027)

Notice Description

Wigan Council is seeking tenders for the provision of Property Insurance in respect of Leasehold Flats (but excluding Broker Services). This Insurance is being procured competitively and in accordance with The Public Contracts Regulations 2015 via a Further Competition from the YPO Insurance Placement DPS Ref. No: 000978. Marsh Ltd are Wigan Council's appointed broker. The contract will run for an initial period of three years from 1st April 2022 and may be extended for a further period of up to two years. The deadline of Wednesday 16th February 2022 at 12:00 noon represents the deadline for the receipt of final tender applications. The Awarded Value stated within section 6. Award Information is an estimated contract value for the initial three-year period based on the Year 1 insurance premium.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3cc1d73c-9c54-4c56-9adf-148e6bf9a0b2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/464ec5f9-621c-4e4f-9533-69d7011006c3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£73,891 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Mar 20223 years ago
Submission Deadline
16 Feb 2022Expired
Future Notice Date
Not specified
Award Date
11 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 years
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
WIGAN 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
WIGAN
Postcode
WN1 1YN
Post Town
Wigan
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD36 Greater Manchester North West
Delivery Location
TLD North West (England)
Local Authority
Wigan
Electoral Ward
Wigan Central
Westminster Constituency
Wigan

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICES

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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