Tender

Insurance Services (Financial Lines)

LONDON UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 1 release in its history.

Tender

14 May 2020 at 07:31

Tender Notice
Summary of the contracting process

The London Universities Purchasing Consortium (LUPC) is seeking quotations for an open tender for Insurance Services (Financial Lines), which includes professional indemnity, directors and officers liability, and crime/fidelity guarantee policies. The contract is set to commence on 1st August 2020 and will last for three years, with an option to extend for an additional two years. The tender period will close on 16th June 2020. This procurement falls under the services category, specifically the insurance services industry, and it is applicable to various delivery locations including the United Kingdom and other regions such as the British Overseas Territories and Europe.

This tender presents an excellent opportunity for businesses that specialise in insurance services, particularly those focused on financial lines. Small and medium-sized enterprises (SMEs) are encouraged to participate, as LUPC aims to support their involvement. Businesses capable of providing comprehensive insurance coverage and those looking to expand their portfolio in the education and non-profit sectors will find this an advantageous opportunity to grow and establish long-term partnerships with universities and educational institutions.

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Notice Information

Notice Title

Insurance Services (Financial Lines)

Notice Description

London Universities Purchasing Consortium (LUPC), is seeking quotations for its financial lines insurance covers (professional indemnity, directors and officers liability and crime/fidelity guarantee) commencing 1.8.20 on a three-year basis with the option to extend for a further two years. The LUPC Insurance Group (IG) is a group of 40 participating institutions, principally made up of members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/about-us/our-members/our-members). It is also possible that at some point within the lifetime of the agreement it may be used by members (full and associate) of other HE purchasing consortia. It should be noted that LUPC are not seeking any broker services through this procurement. Gallagher as the appointed insurance broker to LUPC, will provide technical support and guidance throughout the procurement exercise. For the avoidance of doubt, LUPC as the contracting authority, will have complete control over bid evaluations and make all awards.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-51b27ccd-a9f6-4078-9095-3a8af235030a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3dec954f-c60a-4172-8683-2f8dbd0d2715
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 May 20205 years ago
Submission Deadline
16 Jun 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2020 - 31 Jul 2025 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON UNIVERSITIES PURCHASING CONSORTIUM
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
W1T 7NZ
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

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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