Award

RMCV 027 - Provision of Insurance Services for the Shrewsbury Shopping Centres

SHROPSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

09 Mar 2019 at 12:45

Award Notice
Summary of the contracting process

Shropshire Council is seeking insurance services for the Shrewsbury Shopping Centres, specifically property, liability, engineering, and terrorism cover through the tender titled "RMCV 027 - Provision of Insurance Services". The contract, valued at £735,000, will run for three years starting from 1st April 2019, with an option to extend for two additional 12-month periods. The procurement process is classified under the CPV code for insurance services, and the tender period ended on 4th March 2019. The location of the service provision is in the West Midlands, United Kingdom.

This tender represents a significant opportunity for businesses specialising in insurance services, particularly those offering property and liability cover, engineering insurance, and terrorism insurance. SMEs in the insurance sector could find this contract appealing, as it allows them to compete in a substantial market by providing tailored solutions to a local authority. The long contract duration and potential for extension also present a stable source of revenue for successful bidders, making it an attractive option for firms looking to expand their operations in public sector contracting.

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Notice Information

Notice Title

RMCV 027 - Provision of Insurance Services for the Shrewsbury Shopping Centres

Notice Description

This is an award notice for property, liability, engineering and terrorism cover (excluding broking services) for the Shrewsbury Shopping Centres. The contract consists of the following lots: Lot 1 - Property Insurance including Property Owners Liability Lot 2 - Engineering Insurance and Inspection Lot 3 - Terrorism The contract(s) will be for a period of 3 years commencing on 1st April 2019 with the option to extend for 2 further 12 month periods.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4fb4a50b-d242-42a7-ae34-3b3141c09f33
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b7a62eea-a401-4117-bc94-ba6827e7baa1
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£735,000 £500K-£1M
Lots Value
Not specified
Awards Value
£735,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20196 years ago
Submission Deadline
4 Mar 2019Expired
Future Notice Date
Not specified
Award Date
4 Mar 20196 years ago
Contract Period
31 Mar 2019 - 31 Mar 2022 3-4 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
SHROPSHIRE 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
SHREWSBURY
Postcode
SY2 6ND
Post Town
Shrewsbury
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG22 Shropshire
Delivery Location
TLG West Midlands (England)
Local Authority
Shropshire
Electoral Ward
Abbey
Westminster Constituency
Shrewsbury

Supplier Information

Number of Suppliers
3
Supplier Names

ALLIANZ INSURANCE

RISK MANAGEMENT PARTNERS

ZURICH MUNICIPAL

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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