Tender

NU/1898 Property & Professional Indemnity Insurance

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Tender

26 Apr 2023 at 09:55

Tender Notice
Summary of the contracting process

The Newcastle University is conducting a tender process for Property & Professional Indemnity Insurance. The University aims to enter into a long-term agreement for a period of 4 years, starting on 1 August 2023. The tender deadline is set for 26th May 2023. The procurement falls under the main procurement category of services and is classified under insurance services. The tender is being managed by Arthur J. Gallagher Insurance Brokers Ltd. The delivery addresses for the tender are in England, United Kingdom.

This tender opportunity presents a chance for insurance providers to engage with Newcastle University for a significant insurance contract. Businesses in the insurance services industry, particularly those offering property insurance services, could benefit from participating in this tender. The contract period extends from August 2023 to July 2027, providing a stable and potentially lucrative opportunity for successful bidders. Interested parties should contact the designated email addresses to participate in the tender process.

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Notice Information

Notice Title

NU/1898 Property & Professional Indemnity Insurance

Notice Description

The University has issued a PIN (call for competition) for Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year. To participate in this exercise you should contact UKPublicSector@AJG.com and Leigh.Robinson@ncl.ac.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb7ec20d-3351-4c95-942a-40457c56cdf9
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£3,228,238 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Apr 20232 years ago
Submission Deadline
26 May 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2023 - 31 Jul 2027 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

Notice Documents

Notice URLs

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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