Award

Insurance Broker for broking, placing and administering the Owner Controlled Insurance Programme (OCIP) and Corporate Insurances

HIGH SPEED TWO (HS2) LIMITED

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Summary of the contracting process

The procurement process involves HIGH SPEED TWO (HS2) LIMITED, which is seeking an Insurance Broker for broking, placing, and administering the Owner Controlled Insurance Programme (OCIP) along with corporate insurances. The tender is classified under the industry of insurance brokerage and agency services and is located across the West Midlands and London in the United Kingdom. The contract, which is valued at £3,750,000, started on 5th September 2016 and is set to conclude on 31st March 2030. This procurement was conducted through a selective method, culminating in an award date of 19th August 2016.

This tender presents significant opportunities for businesses specialising in insurance brokerage services, particularly those capable of supporting complex insurance programmes and offering claims management. Given the value and duration of the contract, medium to large enterprises with previous experience in managing similar insurance contracts would be well-positioned to compete effectively. In addition, businesses that excel in negotiated procedures may find this procurement particularly advantageous for growth and diversification in the public sector.

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Notice Title

Insurance Broker for broking, placing and administering the Owner Controlled Insurance Programme (OCIP) and Corporate Insurances

Notice Description

HS2 Ltd requires an Insurance Broker to support in broking the placement of the OCIP in the insurance market, administering the various insurance policies comprising the Owner Controlled Insurance Programme (OCIP) including providing claims management and other insurance-related support and placement/annual renewal and administration of the corporate insurance policies held by HS2 Ltd.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5f8152b4-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d8cdcb18-3495-40cf-96ec-fb0fda5ebfcc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£3,750,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,750,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
1 Jun 2016Expired
Future Notice Date
Not specified
Award Date
18 Aug 20169 years ago
Contract Period
4 Sep 2016 - 31 Mar 2030 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
HIGH SPEED TWO (HS2) LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England), TLI London

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

JLT SPECIALTY

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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