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NU/1477 The Provision of Terrorism Insurance

Newcastle University

This public procurement record has 1 release in its history.

Award

29 Jul 2019 at 08:54

Award Notice
Summary of the contracting process

The procurement process titled "NU/1477 The Provision of Terrorism Insurance" was conducted by Newcastle University, a significant educational institution located in Newcastle upon Tyne, England. This tender falls under the industry category of insurance services and was initiated with the aim of securing UK Terrorism Insurance cover for the University, with a contract value of £300,000. The procurement method used was an open procedure, and the tender period concluded on 31st May 2019. The awarded contract is set to commence on 1st August 2019 and will remain valid until 31st July 2023.

This tender presents a valuable opportunity for businesses in the insurance sector, particularly those specialising in terrorism risk and liability coverage. Companies that are well-suited to compete for this contract include large insurance providers capable of delivering economically advantageous solutions with comprehensive cover and efficient claims handling services. Engaging in such tenders can significantly contribute to business growth within the competitive insurance landscape.

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Notice Information

Notice Title

NU/1477 The Provision of Terrorism Insurance

Notice Description

The University is tendering for the provision of UK Terrorism Insurance cover to the University. The University seek the most economically advantageous response in terms of premium cost, extent of cover and claims handling. The relevant policy falls due for renewal on the 1st August 2019.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4a94f227-2367-41e7-a996-a302fe332354
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/02496429-ddcf-4af9-bcd4-e0d7c557bf20
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
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20197 years ago
Submission Deadline
31 May 2019Expired
Future Notice Date
Not specified
Award Date
12 Jul 20197 years ago
Contract Period
1 Aug 2019 - 31 Jul 2020 1-2 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
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
Postcode Area
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)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

Risk Management Partners

Further Information

Notice URLs

Open Contracting Data Standard (OCDS)

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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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