Award

Provision of Insurance - Professional Indemnity (General)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

04 Apr 2023 at 10:35

Summary of the contracting process

The Hampshire County Council has recently completed the procurement process for Professional Indemnity insurance services. The contract, titled "Provision of Insurance - Professional Indemnity (General)", was awarded to Marsh Limited. The contract value is £117,600 GBP, with a contract period starting on April 1, 2023, and ending on March 31, 2024. The procurement method used was a direct approach through a Single tender action. The tender period ended on March 27, 2023, with the contracting authority's address located at The Castle, Winchester, England, postal code SO23 8UJ.

This awarded contract for Professional Indemnity insurance presents business growth opportunities for companies in the services sector that provide liability insurance services. Businesses with expertise in professional liability insurance services would be well-suited to compete for similar tenders in the future. The contract award date was March 28, 2023, and details can be accessed via the Contracts Finder website. Hampshire County Council, as the contracting authority, aims to engage with suppliers like Marsh Limited, indicating potential future collaboration opportunities for insurance service providers.

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Notice Title

Provision of Insurance - Professional Indemnity (General)

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-b5fd17-565866cc-bba6-4862-9932-6473f3344670
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5fed69d2-351b-4c36-8abf-0eadb40821d6
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
£117,600 £100K-£500K
Lots Value
Not specified
Awards Value
£117,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Apr 20233 years ago
Submission Deadline
27 Mar 2023Expired
Future Notice Date
Not specified
Award Date
27 Mar 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2024 1-2 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
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)

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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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