Award

ITT for Provision of Asset and Insurance Valuation Services - AWARD

SANDWELL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The procurement process involves Sandwell Metropolitan Borough Council, which is located in the West Midlands, England. The contract, titled "ITT for Provision of Asset and Insurance Valuation Services - AWARD," focuses on the provision of financial and insurance services for the council and the West Midlands Fire Service. The procurement method was an open procedure, and the award was finalised on 29 September 2016, following the completion of the tender phase that ended on 31 July 2016. The contract period commenced on 5 September 2016 and is set for an initial five-year term, with an option for a one-year extension, with an overall contract value of £216,000.

This tender represents significant business opportunities for firms specialising in asset and insurance valuation services, particularly those with experience in public sector contracts. Companies that can efficiently manage and deliver financial services, risk management, and insurance strategies are well-suited to compete. The tender is aimed at qualified service providers capable of fulfilling the requirements of both Sandwell MBC and the West Midlands Fire Service, potentially allowing smaller businesses to grow by forming partnerships or providing specialised services under this contract.

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Notice Information

Notice Title

ITT for Provision of Asset and Insurance Valuation Services - AWARD

Notice Description

ITT for Provision of Asset and Insurance Valuation Services The Council invited interested parties ("Tenderers") to participate in a tender exercise to establish a single Contract for the Provision of Asset and Insurance Valuation Services. The qualified and experienced provider of Asset and Insurance Valuation Services is required to provide the services described below and in the Tender Specification. These services will be carried out on behalf of both Sandwell MBC and the West Midlands Fire Service. Sandwell Council is a Metropolitan Borough Council situated in the West Midlands and lies approximately six miles west of Birmingham. The Borough comprises the areas of Oldbury, Rowley Regis, Smethwick, Tipton, Wednesbury and West Bromwich. The West Midlands Fire Service operates throughout the West Midlands County covering the Metropolitan Districts of Sandwell, Dudley, Walsall and Solihull as well as the cities of Birmingham, Wolverhampton and Coventry. The Strategic Asset Management service of the Council, on behalf of Strategic Finance, Risk & Insurance Services and the West Midlands Fire Service will issue instructions for work, monitor and manage the contract with the appointed tenderer. The Council procured an Asset Valuation and Insurance Valuation service together potentially with additional associated hourly rate based work incidental to the Council's main requirements to be provided under a single contract on behalf of Sandwell MBC and the West Midlands Fire Service. Term The Council entered into a Contract Agreement for an initial term of five (5) years with a possible extension of a further year, subject to satisfactory performance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4049b3d1-e41d-492b-ad76-f2234ecb3aad
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

66000000 - Financial and insurance services

66510000 - Insurance services

66513000 - Legal insurance and all-risk insurance services

66517300 - Risk management insurance services

Notice Value(s)

Tender Value
£216,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
31 Jul 2016Expired
Future Notice Date
Not specified
Award Date
28 Sep 20169 years ago
Contract Period
4 Sep 2016 - 4 Sep 2021 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
SANDWELL METROPOLITAN BOROUGH 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
WEST MIDLANDS
Postcode
B69 3DB
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG West Midlands (England)
Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD

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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