Award

GB-London: CON-23-142 Insurance Brokerage Services

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

24 Oct 2023 at 14:55

Summary of the contracting process

The Financial Conduct Authority has awarded a £1.5 million contract for insurance brokerage services in London. The contract, initiated through a tender process, was awarded to Arthur J. Gallagher Insurance Brokers Ltd. The contract period is from October 5, 2023, to October 4, 2026. The tender deadline was September 4, 2023.

This tender for insurance brokerage services presents an opportunity for businesses in the insurance industry. Companies providing insurance services, especially those with experience in large-scale brokerage, are well-suited to compete for this contract. The procurement process was completed under the CCS Framework Agreement RM6020, tailored towards securing the best insurance cover and rates for key areas of insurance requirement for the Financial Conduct Authority in the UK.

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Notice Title

GB-London: CON-23-142 Insurance Brokerage Services

Notice Description

The FCA have appointed an insurance broker to provide the best available insurance cover and to obtain premium rates for key areas where insurance cover is required. Additional information: Call Off contract under CCS Framework Agreement RM6020 for the provision of Insurance Brokerage and Related Services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4c998e76-90eb-4c55-8157-93fda9121509
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8249f40b-74c2-4605-8e70-b68ca0a3e5d1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Oct 20232 years ago
Submission Deadline
3 Sep 2023Expired
Future Notice Date
Not specified
Award Date
3 Sep 20232 years ago
Contract Period
4 Oct 2023 - 4 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J. GALLAGHER INSURANCE BROKERS

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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