Award

NUN - Insurance Programme 2023 - 2027

NUNEATON & BEDWORTH BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

25 May 2023 at 11:41

Award

25 May 2023 at 10:53

Summary of the contracting process

The Nuneaton & Bedworth Borough Council has awarded a contract for the NUN - Insurance Programme 2023 - 2027. The procurement process involved multiple lots including property cover, liability covers, fleet vehicle cover, personal accident cover, and other related insurance services. The total contract value is £3,272,249 GBP and the contract period runs from January 1, 2023, to December 31, 2025. The procurement method used was an open procedure (above threshold), with the tender closing on September 30, 2022, in the West Midlands region, United Kingdom.

Businesses in the financial and insurance services industry, especially those offering a wide range of cover types, would find opportunities for growth through this tender. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations were considered suitable for this procurement. The awarded contracts for different lots were valued at varying amounts, creating opportunities for businesses of different scales to participate. The buying organisation, Nuneaton & Bedworth Borough Council, is located in Nuneaton, England, and plays a key role in providing insurance services to support its various operational needs.

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Notice Title

NUN - Insurance Programme 2023 - 2027

Notice Description

Lot 1 Property - Provision for the material damage cover. This includes various property portfolios such as the corporately occupied buildings and Housing property. The Lot requests additional covers for Bridges, along with various elements of Business Interruption including increased cost in working and gross revenue. Additionally, the lot requests provision for computers, works in progress and money. Lot 2 - This Lot is for the provision of Employers and Public Liability covers along with Officials Indemnity, Libel and Slander, Professional Indemnity, Fidelity Guarantee and Hirers Liability. Lot 3 - The Council has a large and varied fleet of vehicles used to carry out its day to day operations. Cover is required as specified along with Uninsured Loss Recovery (ULR). Lot 4 - The Council seeks personal accident cover for its employees, members and volunteers. Lot 5 - As part of being a responsible landlord and compliance with relevant Health and Safety Legislation the Council seeks statutory inspection services and associated insurance covers. Lot 7 - This Lot requires cover for the Council's Leasehold tenants which consists of former right to buy property, along with residential property let on a private basis outside of the Council's housing portfolio. This includes property let by the Councils subsidiary property services company, Nuneaton and Bedworth Community Enterprises (NABCEL). Lot 8 Industrial and Commercial - This Lot includes all commercially let property owned by the Council. The portfolio varies from retail units to leisure centres.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-51ce6410-b7d6-4da1-947d-dfa50d4e8981
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a160a5f3-b7cd-4092-b24a-131a0f8d1b70
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£3,272,249 £1M-£10M
Lots Value
Not specified
Awards Value
£3,272,248 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20232 years ago
Submission Deadline
30 Sep 2022Expired
Future Notice Date
Not specified
Award Date
3 Mar 20232 years ago
Contract Period
1 Jan 2023 - 31 Dec 2025 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
NUNEATON & BEDWORTH BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
procurement@nuneatonandbedworth.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NUNEATON
Postcode
CV11 5AA
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
TLG West Midlands (England)

Local Authority
Nuneaton and Bedworth
Electoral Ward
St Mary's
Westminster Constituency
Nuneaton

Supplier Information

Number of Suppliers
4
Supplier Names

AON

AVID INSURANCE SERVICES

PROTECTOR INSURANCE

RISK MANAGEMENT PARTNERS

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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