Award

Long Term Insurance Cover (excluding brokering services)

SALFORD CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

15 Feb 2017 at 10:43

Tender

18 Nov 2016 at 20:17

Summary of the contracting process

Salford City Council is currently undertaking a procurement process for long-term insurance cover, which includes various categories such as Property Damage, Business Interruption, and Liability among others. The contract has an estimated total value of £5,000,000, with a main procurement category classified under services. The tender was published on 20th October 2016, with a tender period ending on 25th November 2016. The contract period is set to commence from 1st February 2017 and will last until 31st January 2020, with the option for a two-year extension until 31st January 2022 at the discretion of the council, located in Salford, North West England.

This procurement opportunity opens up pathways for growth for businesses offering insurance and risk management services. Companies that specialise in various insurance products, particularly those with experience in providing comprehensive long-term cover, would be well-positioned to compete for this contract. Small and medium-sized enterprises (SMEs) are particularly encouraged to participate, as the tender is suitable for them, offering a chance to secure a significant contract with a prominent local authority such as Salford City Council.

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Notice Title

Long Term Insurance Cover (excluding brokering services)

Notice Description

Salford City Council requires long term insurance cover against the following Lots; Lot 1 Property Damage, Business Interruption, Property Owners, Money, Theft; Lot 2 Fine Art / Artworks; Lot 3 Contract Works Lot 4 Terrorism Lot 5 Casualty - Employers Liability, Public Liability, Officials Indemnity, Professional Negligence Lot 6 Medical Malpractice Lot 7 Motor Fleet Lot 8 Crime Lot 9 Engineering Inspection & Insurance Lot 10 Computers Lot 11 Personal Accident & Travel Lot 12 School Journey Lot 13 Cyber Liability Lot 14 EIL. The current Long Term Agreements expire 31st January 2017. For all lots, quotations are required on the basis of an initial contract period of 3 years from 1st February 2017 to 31st January 2020, with the option to extend the contract by an additional 2 years to 31st January 2022 at the discretion of Salford City Council.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-568371fd-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04e869db-52c5-452a-97ef-69717acc2375
Current Stage
Award
All Stages
Tender, 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

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£833,330 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Feb 20179 years ago
Submission Deadline
25 Nov 2016Expired
Future Notice Date
Not specified
Award Date
24 Jan 20179 years ago
Contract Period
1 Feb 2017 - 31 Jan 2022 Over 5 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
SALFORD CITY 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
SWINTON
Postcode
M27 5AW
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
TLD North West (England)

Local Authority
Salford
Electoral Ward
Swinton & Wardley
Westminster Constituency
Worsley and Eccles

Supplier Information

Number of Suppliers
3
Supplier Names

AON UNDERWRITING MANAGERS

ASTA MANAGING AGENCY

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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