Award

Insurance - Property Damage (CORP011)

SOMERSET NHS FOUNDATION TRUST

This public procurement record has 1 release in its history.

Award

30 Apr 2025 at 10:40

Summary of the contracting process

The procurement process involves Somerset NHS Foundation Trust as the buying organisation, seeking property damage insurance services under the title "Insurance - Property Damage (CORP011)" in the healthcare industry category. The contract is located in the South West region of the United Kingdom, with a focus on Somerset trust properties. Completed at the award stage, this selective procurement used a call-off from a framework agreement. Although the tender period ended on 28th February 2025, the contract award was finalised and published on 30th April 2025. The contract period extends from 1st April 2025 to 31st March 2026, with a total contract value of £246,351.02.

This tender presents significant opportunities for established insurance firms, particularly those familiar with providing property insurance services within the public healthcare sector. Companies like Royal and Sun Alliance Insurance Ltd, which successfully secured the contract, demonstrate the potential for growth and engagement through similar frameworks and agreements. While smaller SMEs and voluntary, community, and social enterprises might find it challenging due to the tender's scale and complexity, those specialising in public sector compliance and umbrella insurance services can leverage their expertise to compete in this space.

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Notice Title

Insurance - Property Damage (CORP011)

Notice Description

Property damage insurance cover for Somerset NHS Foundation Trust. Additional information: Insurance policy

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3cdcc8b0-0bbb-46a9-a249-cbd155ebcc61
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/653540ba-da02-43c5-897e-2305152fb0a3
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£246,351 £100K-£500K
Lots Value
Not specified
Awards Value
£246,351 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Apr 20259 months ago
Submission Deadline
28 Feb 2025Expired
Future Notice Date
Not specified
Award Date
31 Mar 202510 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SOMERSET NHS FOUNDATION TRUST
Contact Name
Carrie-Anne Hiscock
Contact Email
carrie-anne.hiscock@somersetft.nhs.uk
Contact Phone
Not specified

Buyer Location

Locality
TAUNTON
Postcode
TA1 4DY
Post Town
Taunton
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK62 Somerset
Delivery Location
TLK South West (England)

Local Authority
Somerset
Electoral Ward
Bishop's Hull & Taunton West
Westminster Constituency
Taunton and Wellington

Supplier Information

Number of Suppliers
1
Supplier Name

ROYAL AND SUN ALLIANCE 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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