Award

Integrated Insurance Agreement

LONDON BOROUGH OF BROMLEY COUNCIL

This public procurement record has 1 release in its history.

Award

05 Nov 2019 at 12:25

Summary of the contracting process

The London Borough of Bromley Council has awarded a contract titled "Integrated Insurance Agreement" for the provision of insurance services, classified under the CPV code 66510000. This shared service arrangement will also involve the London Borough of Sutton and spans a period of five years, commencing on 1 April 2020 and concluding on 31 March 2025. The total contract value is £540,000, with the award notice published on 5 November 2019. The procurement method used for this contract was a shared service agreement, with the tender period concluding on 9 October 2019.

This tender presents significant opportunities for growth particularly for insurance service providers looking to expand their operations in the public sector. Companies offering comprehensive insurance solutions or those specialising in public sector insurance collaborations could be well-suited to build upon this contract. The arrangement between two local authorities may open pathways for additional partnerships or service offerings among SMEs that cater specifically to local government needs in the South East region of the UK.

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Notice Title

Integrated Insurance Agreement

Notice Description

This is a Contracts Finder Award Notice. The London Borough of Bromley will start a shared service arrangement with the London Borough of Sutton for the provision of insurance services for 5 years starting on 1 April 2020.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5722fc7f-d765-4bec-acd7-e1336888ba28
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6eadd660-d407-4471-8815-5082205d1fbc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Shared service agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£540,000 £500K-£1M
Lots Value
Not specified
Awards Value
£540,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20196 years ago
Submission Deadline
9 Oct 2019Expired
Future Notice Date
Not specified
Award Date
8 Oct 20196 years ago
Contract Period
31 Mar 2020 - 31 Mar 2025 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
LONDON BOROUGH OF BROMLEY COUNCIL
Contact Name
Not specified
Contact Email
procurement@bromley.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SE16 3QN
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLJ South East (England)

Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

LONDON BOROUGH OF SUTTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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