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CBC-0928-T-KH Insurance Services (Excluding Brokerage Services) - AWARD

Central Bedfordshire Council

This public procurement record has 1 release in its history.

Award

01 Feb 2019 at 15:40

Award Notice
Summary of the contracting process

Central Bedfordshire Council is currently in the award stage of the procurement process for the CBC-0928-T-KH Insurance Services contract, aimed at fulfilling its insurance requirements effective from April 2019. This tender is part of the open procedure and was classified under the CPV code 66510000, which pertains to insurance services. The closed date for submission of tenders was 17:00 on 3rd December 2018, and the contract period is set to span from 1st April 2019 until 31st March 2022. The contract has a total value of £26,000.

This tender represents an opportunity for businesses specialising in insurance services to expand their operations within the public sector. Companies capable of providing comprehensive insurance coverage and meeting the required financial and regulatory criteria are well-suited to compete. Particularly, organisations that hold a strong credit rating and have the capability to offer services in a variety of packaged risk classes can benefit from participating in future tenders launched by Central Bedfordshire Council and similar local authorities.

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Notice Information

Notice Title

CBC-0928-T-KH Insurance Services (Excluding Brokerage Services) - AWARD

Notice Description

Central Bedfordshire Council are looking to procure coverage for its insurance requirements effective April 2019. The process is being run under the Open Procedure and is split into Lots defining packaged risk classes. Please note that Applicants will be able to tender for All or Any number of Lots but where multiple Lots are quoted,no individual Lot should be held conditional on being awarded a further Lot. All bidder will be subject to passing the selection critria as defined within the contract documentation. Conditions of Participation - Ultimate Insurance Capacity must be placed with Insurance companies licensed to underwrite insurance within the UK and registered with the Financial Conduct Authority and the Prudential Regulation Authority as appropriate. Any brokers subitting bids under MGA models or similar must also be registered with the Financial Conduct authority (FCA). Financial Criteria - A Standard & Poor Credit Rating (or equivalent) must be held of at least A- for Insurance Companies. Completed Tenders and attachments should be submitted electronically, by the due date via our "In-tend" electronic tendering system. Tenders must be uploaded via the "My Return" section of the system. Tenders submitted through the correspondence facility will not be considered. Your Tender must be submitted via the In-tend system by no later than 17:00 on 03/12/2018. Tenders received after that time will be excluded. Help and Support - The Council will provide as much support and information as it can to help guide you through the Tender process. Questions asked together with the response, will be made available to all tenderers to ensure a fair and consistent approach to all. If there is anything you are not sure of or need clarification on, please send a correspondence using the 'In-tend' portal tendering system

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-480a7b4a-4668-491a-8ba9-40e3e18039c2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/49e754a3-7380-42a4-a33c-dc45e1a978cc
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

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£26,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20197 years ago
Submission Deadline
3 Dec 2018Expired
Future Notice Date
Not specified
Award Date
4 Jan 20197 years ago
Contract Period
1 Apr 2019 - 31 Mar 2022 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
Central Bedfordshire 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
BEDFORDSHIRE
Postcode
SG17 5TQ
Postcode Area
Stevenage
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH25 Central Bedfordshire
Delivery Location
Not specified
Local Authority
Central Bedfordshire
Electoral Ward
Shefford
Westminster Constituency
Hitchin

Supplier Information

Number of Suppliers
5
Supplier Names

Abbey Legal Protection/Markel Intl

Aspen Insurance UK Limited

B4legal / Dolmans Solicitors

Chubb European Group SE

Travelers Ins Co Ltd

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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