Award

Provision of Insurance Services, incl Claims Handling Services (excl Broking Services) for Preston City Council

PRESTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

02 May 2017 at 11:20

Summary of the contracting process

The Public Procurement process involves Preston City Council as the buying organisation, seeking tenders for the "Provision of Insurance Services, including Claims Handling Services" for the period starting 1 April 2017. The procurement, classified under the industry category of Insurance and pension services (CPV code: 66500000), was conducted through an open procedure. The tender period concluded on 6 February 2017, and the awarded contract, valued at £4,900,000, has a duration from 1 April 2017 to 31 March 2024. The decision was officially published on 2 May 2017.

This tender offers significant opportunities for growth, particularly for firms specialising in insurance services that can provide comprehensive risk management and claims handling. Businesses with expertise in insurance provisioning, particularly those capable of demonstrating a high standard of service and flexibility in cover options, would be well-placed to compete. The collaboration between Preston City Council and successful candidates may lead to long-term partnerships, making this an attractive opportunity for SMEs and larger firms alike in the insurance sector.

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Notice Title

Provision of Insurance Services, incl Claims Handling Services (excl Broking Services) for Preston City Council

Notice Description

Tenders are invited for the insurance arrangements of the Council as detailed in the tender documents for the period commencing 1 April 2017. Cover will be awarded on the basis of the most economically advantageous terms to the Council. Details of the contract evaluation criteria and tender response document are given within appendix 17 of the documents. Providers are invited to offer terms for the provision of Insurance cover based on the specification outlined in this documents.These documents have, therefore, been constructed to maintain a high standard of core cover and also offer Providers the chance to demonstrate the quality of their offering by the inclusion of additional options above the core requirement. Aims of Preston City Council in relation to Risk Financing:Cost savings and securing value for money;Appropriate insurance cover;Improve understanding of insurable risks and share best practice;Partnership approach to risk transfer and mitigation; Combined Class Quotations. Placement of any one class of insurance will not be conditional upon placement of another class of insurance.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6033766a-1ce6-439b-a126-87d8ca40383d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3e7646df-765e-427d-91b4-98b2ade78acb
Current Stage
Award
All Stages
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
£4,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
£471,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 May 20178 years ago
Submission Deadline
6 Feb 2017Expired
Future Notice Date
Not specified
Award Date
30 Mar 20178 years ago
Contract Period
31 Mar 2017 - 31 Mar 2024 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
PRESTON 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
PRESTON
Postcode
PR1 2RL
Post Town
Preston
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)

Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
4
Supplier Names

ARNOLD J GALLAGHER

MAVEN

RISK MANAGEMENT PARTNERS

ZURICH MUNICIPAL

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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