VOLUNTARY EX ANTE TRANSPARENCY (VEAT) NOTICE Provision of Medical Malpractice and Professional Indemnity Insurance (Care Agency)

Notice Information

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Notice Title

VOLUNTARY EX ANTE TRANSPARENCY (VEAT) NOTICE Provision of Medical Malpractice and Professional Indemnity Insurance (Care Agency)

Notice Description

Transparency Notice This notice is published voluntarily for transparency purposes only and does not seek expressions of interest or responses from the market. Contract Description The contract is for the provision of Medical Malpractice Insurance and Professional Indemnity Insurance for the Care Agency (Department). Procurement Background Separate procurement exercises were undertaken for each requirement following market engagement intended to encourage greater competition. Only one tender was received in response to each exercise. The sole tenderer proposed a combined insurance placement covering both requirements and maintained this position following clarification that the requirements had been tendered separately. Market Response The Contracting Authority has concluded that the tenders received were not suitable for award in the form originally tendered, as they were not capable, without substantial amendment to the procurement structure, of meeting the requirements set out in the procurement documents. Market feedback from another interested economic operator also indicated that there was no appetite within the insurance market to submit a tender for these requirements. Proposed Arrangement The proposed contract will provide continuous cover through a single combined insurance arrangement. Contract Value Estimated annual value: PS370,000. Estimated total value: PS740,000 over an initial two-year term. Value breakdown: net annual premium PS296,000; broker fee PS74,000. Legal Basis The Contracting Authority intends to award the contract without prior publication of a further contract notice pursuant to Regulation 32A(2)(a) of the Procurement (Public Sector Contracts) Regulations 2016. Justification The Department requires uninterrupted insurance protection for its clinical and operational activities. The combined arrangement has been reviewed by the Department and is considered capable of meeting its operational requirements. Having regard to the previous procurement procedures, the absence of suitable tenders capable of award in the form tendered, the documented market feedback and the need to avoid a gap in essential insurance protection, the Contracting Authority considers that the direct award is justified under Regulation 32A(2)(a). Voluntary Standstill A voluntary standstill period of 10 calendar days will be observed from publication of this notice before entering into the contract.

Notice Details

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Publication & Lifecycle

Open Contracting ID: ocds-b5fd17-44e7ab72-a2ad-4004-b062-6c4170917a9c
Publication Source: Contracts Finder
Latest Notice: https://www.contractsfinder.service.gov.uk/Notice/1ded3547-1ec5-46cf-b61a-c2fa7624a727
Current Stage: Award
All Stages: Award

Procurement Classification

Notice Type: Award Notice
Procurement Type: Standard
Procurement Category: Services
Procurement Method: Limited
Procurement Method Details: Negotiated procedure without prior publication (above threshold)
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: £740,000 £500K-£1M
Lots Value: Not specified
Awards Value: £740,000 £500K-£1M
Contracts Value: Not specified

Notice Dates

Publication Date: 7 Jul 20261 weeks ago
Submission Deadline: 17 Jul 20261 day to go
Future Notice Date: Not specified
Award Date: 6 Jul 20261 weeks ago
Contract Period: 28 Jul 2026 - 28 Jul 2028 2-3 years
Recurrence: Not specified

Notice Status

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

Buyer & Supplier

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Contracting Authority (Buyer)

Main Buyer: HM GOVERNMENT OF GIBRALTAR
Contact Name: Available with D3 Tenders Premium →
Contact Email: Available with D3 Tenders Premium →
Contact Phone: Available with D3 Tenders Premium →

Buyer Location

Locality: GIBRALTAR
Postcode: GX11 1AA
Post Town: Not specified
Country: Not specified
Major Region (ITL 1): Not specified
Basic Region (ITL 2): Not specified
Small Region (ITL 3): Not specified
Delivery Location: Not specified
Local Authority: Not specified
Electoral Ward: Not specified
Westminster Constituency: Not specified

Supplier Information

Number of Suppliers: 1
Supplier Name: CAPURRO INSURANCE & INVESTMENTS

Further Information

Notice Documents

https://www.contractsfinder.service.gov.uk/Notice/1ded3547-1ec5-46cf-b61a-c2fa7624a727
7th July 2026 - Awarded contract notice on Contracts Finder

Notice URLs

https://procurement.gov.gi

Open Contracting Data Standard (OCDS)

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JSON Markdown

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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