Tender

Insurance Services

LONDON BOROUGH OF EALING

This public procurement record has 1 release in its history.

Tender

07 Oct 2019 at 11:41

Tender Notice
Summary of the contracting process

The London Borough of Ealing is seeking tenders for "Insurance Services" within the financial and insurance sector, valued at £4,797,000. This open procurement process aims to establish a long-term agreement for annual insurance policies lasting 4.5 years, commencing on 1st April 2020, with an option to extend for an additional 2 years. The tender period concludes on 11th November 2019, and submissions are invited for various lots including liability, fidelity guarantee, and terrorism, among others. Interested parties should note that only insurers rated at least "A-" by Standard and Poor's will be considered.

This tender presents significant opportunities for insurance firms, especially those with capabilities in managing diverse insurance products, to secure a long-term contract with a local government authority. Small and medium-sized enterprises (SMEs) in the insurance sector may find this an advantageous opportunity, particularly those equipped to handle multiple insurance categories and comply with the stringent quality requirements set by the contracting authority. Engaging in this procurement could facilitate growth and visibility for businesses competing in the public sector.

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Notice Information

Notice Title

Insurance Services

Notice Description

The council is seeking tender responses for annual insurance policies for a long tem agreement for 4.5 years with the option to extend for a further 2 years. The contract will commence on 1st April 2020. Lot 1 - Liability - PS1,260,000 Lot 2 - Fidelity Guarantee - PS135,000 Lot 3 - Motor Fleet- PS135,000 Lot 4 - Engineering - PS315,000 Lot 5 - Personal Accident /Travel & Schools offsite PS45,000 Lot 6 - Computers - PS27,000 Lot 7 - terrorism - PS630,000 Lot 8 - Greener Ealing - PS2,250,000 You are invited to submit tender responses for all or any individual lot(s). ALL INSURERS MUST BE AT LEAST "A-" RATED BY STANDARD AND POOR'S (OR EQUIVALENT) AND/OR APPROVED BY THE JLT MARKET SECURITY COMMITTEE, OTHERWISE THEIR SUBMISSION WILL BE AUTOMATICALLY REJECTED Additional information: Please see advert on London Tenders Portal for tender documentation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-573d0e13-f34f-497f-a01b-4f6b77724a79
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aab7bfc5-53d8-429f-8fef-5e50d4419ec1
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£4,797,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20196 years ago
Submission Deadline
11 Nov 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 30 Sep 2024 4-5 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 BOROUGH OF EALING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EALING
Postcode
W5 2HL
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI73 Ealing
Delivery Location
TLI London
Local Authority
Ealing
Electoral Ward
Ealing Broadway
Westminster Constituency
Ealing Central and Acton

Further Information

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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