Award

Provision of Insurance - Professional Indemnity (Property Services)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Apr 2024 at 12:49

Summary of the contracting process

The Hampshire County Council has recently awarded a contract for the provision of Professional Indemnity insurance for property services with a value of £98,000. The contract, which falls under the professional liability insurance services category, was awarded to Marsh Limited. The procurement method used was a direct single tender action below the threshold. The contract period starts on 1st April 2024 and ends on 31st March 2025. The tender period ended on 31st March 2024. The contract was awarded on 27th March 2024, and the award notice was published on 10th April 2024.

This tender for Professional Indemnity insurance presents an opportunity for insurance service providers to engage with Hampshire County Council. Businesses specialising in professional liability insurance services, particularly those offering Professional Indemnity insurance policies, would be well-suited to compete. The procurement process has now reached the award stage, allowing the chosen supplier to provide the required insurance services to Hampshire County Council from April 2024 onwards.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Provision of Insurance - Professional Indemnity (Property Services)

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-b5fd17-4eb651a9-7644-4309-a2be-b300d1ac5d08
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/58e8ad1f-bfce-4b5f-b621-6f49097c61fb
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
£98,000 Under £100K
Lots Value
Not specified
Awards Value
£98,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20241 years ago
Submission Deadline
31 Mar 2024Expired
Future Notice Date
Not specified
Award Date
27 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

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-4eb651a9-7644-4309-a2be-b300d1ac5d08-2024-04-10T13:49:32+01:00",
    "date": "2024-04-10T13:49:32+01:00",
    "ocid": "ocds-b5fd17-4eb651a9-7644-4309-a2be-b300d1ac5d08",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "2024-2025 Professional Indemnity Property",
        "title": "Provision of Insurance - Professional Indemnity (Property Services)",
        "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.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66516500",
            "description": "Professional liability insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "SO23 8UJ"
                    }
                ]
            }
        ],
        "value": {
            "amount": 98000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2024-03-31T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-04-01T00:00:00+01:00",
            "endDate": "2025-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/R7P26Eu7",
            "name": "HAMPSHIRE COUNTY COUNCIL",
            "identifier": {
                "legalName": "HAMPSHIRE COUNTY COUNCIL",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/R7P26Eu7"
            },
            "address": {
                "streetAddress": "The Castle",
                "locality": "WINCHESTER",
                "postalCode": "SO23 8UJ",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Sheona Holman",
                "email": "insurance.queries@hants.gov.uk",
                "telephone": "01962 847327"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-01507274",
            "name": "MARSH LIMITED",
            "identifier": {
                "legalName": "MARSH LIMITED",
                "scheme": "GB-COH",
                "id": "01507274"
            },
            "address": {
                "streetAddress": "Tower Place NR1 3QQ GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/R7P26Eu7",
        "name": "HAMPSHIRE COUNTY COUNCIL"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-4eb651a9-7644-4309-a2be-b300d1ac5d08-1",
            "status": "active",
            "date": "2024-03-27T00:00:00Z",
            "datePublished": "2024-04-10T13:49:32+01:00",
            "value": {
                "amount": 98000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-01507274",
                    "name": "MARSH LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-04-01T00:00:00+01:00",
                "endDate": "2025-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/58e8ad1f-bfce-4b5f-b621-6f49097c61fb",
                    "datePublished": "2024-04-10T13:49:32+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}