Award

Provision of Insurance - Professional Indemnity (General)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Apr 2024 at 14:30

Summary of the contracting process

The Hampshire County Council has completed a tender process for the provision of Professional Indemnity insurance, valued at £117,600. The contract period runs from 1st April 2024 to 31st March 2025, with the tender period ending on 27th March 2024. The procurement method used was direct, specifically a Single Tender Action (below threshold). The buying organisation, Hampshire County Council, located in Winchester, England, awarded the contract to Marsh Limited.

This tender for Professional Indemnity insurance by Hampshire County Council offers opportunities for insurance providers or businesses in the professional liability insurance services category. Businesses with expertise in providing liability cover against financial loss, damage, or injury arising from professional duty breaches would be well-suited to compete. As the contract has already been awarded, interested businesses may explore collaboration or subcontracting possibilities with the awarded supplier, Marsh Limited, to potentially expand their service offerings in this specialised insurance sector.

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Notice Title

Provision of Insurance - Professional Indemnity (General)

Notice Description

Professional Indemnity insurance is a specialised branch of liability insurance which is most commonly purchased as a stand-alone policy. Professional Indemnity insurance provides liability cover against third party claims for financial loss, damage or injury arising from a breach of professional duty, negligent acts, errors or omissions of Hampshire County Council in its professional capacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-48f8ce1c-eed7-4827-9b8f-d22754cf643a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ad041b49-27e8-4799-96f3-d829369ea750
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£117,600 £100K-£500K
Lots Value
Not specified
Awards Value
£117,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20241 years ago
Submission Deadline
27 Mar 2024Expired
Future Notice Date
Not specified
Award Date
28 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 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
HAMPSHIRE COUNTY 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
WINCHESTER
Postcode
SO23 8UJ
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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