Award

Notice of Contract Award - Provision of Insurance Services (excluding broking services)

BOROUGH OF BROXBOURNE

This public procurement record has 1 release in its history.

Award

30 Sep 2019 at 07:32

Award Notice
Summary of the contracting process

The Borough of Broxbourne has successfully awarded a contract for the provision of insurance services, excluding broking services, with a total value of £450,000. This procurement process, conducted through a selective and competitive procedure with negotiation, is classified under financial and insurance services (CPV code 66000000). The contract commenced on 8th October 2019 and will run until 7th October 2024. The relevant location for service delivery is the East of England, specifically the Borough's offices in Waltham Cross. The tender period ended on 9th August 2019.

This contract represents an opportunity for firms specialising in insurance services, particularly those focusing on material damage, property liability, and various insurance coverages required by public entities. Companies equipped to offer such services and looking to expand their portfolio in local government contracts would find this an advantageous opportunity to grow their business. With the emphasis on comprehensive service provision, businesses that have the capability to manage complex insurance portfolios may be particularly well-suited to engage in upcoming tenders in this sector.

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Notice Information

Notice Title

Notice of Contract Award - Provision of Insurance Services (excluding broking services)

Notice Description

Provision of Insurance Services (Excluding Insurance Broking Services), in accordance with published OJEU notice, for the following: Material Damage Package including Money , All Risks & BI Property Owners Liability Mortgaged & Leasehold Properties Combined Liability - EL / PL / OI / PI / D&O Motor Fleet Fidelity Guarantee Group PA & Business Travel Engineering Inspection & Insurance & Hired in Plant Computer

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-45997894-5aad-4312-bba0-049441925983
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8b3e44e8-c3e5-4a24-8716-06d235713398
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
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

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£450,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20196 years ago
Submission Deadline
9 Aug 2019Expired
Future Notice Date
Not specified
Award Date
29 Sep 20196 years ago
Contract Period
7 Oct 2019 - 7 Oct 2024 Over 5 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
BOROUGH OF BROXBOURNE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WALTHAM CROSS
Postcode
EN8 9XQ
Post Town
Enfield
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
Broxbourne
Electoral Ward
Rosedale and Bury Green
Westminster Constituency
Broxbourne

Supplier Information

Number of Suppliers
2
Supplier Names

RISK MANAGEMENT PARTNERS

ZURICH MUNICIPAL

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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