Award

Insurance renewal 2024/25

SPENNYMOOR TOWN COUNCIL

This public procurement record has 1 release in its history.

Award

21 Oct 2024 at 10:07

Award Notice
Summary of the contracting process

The Spennymoor Town Council has completed the procurement process for its 2024/25 annual insurance renewal, awarding the contract to Clear Insurance Management Ltd. The contract falls under the 'Insurance services' category with a budget of £43,477.78. The procurement, conducted through a competitive quotation process, covered services within the North East region of the United Kingdom. The award phase concluded on 21 October 2024, with the contract period running from 1 September 2024 to 31 August 2025.

This tender offers substantial business growth opportunities for firms specialising in insurance services, particularly those looking to expand their public sector clientele. Large insurance management providers, with the capacity to handle substantial contracts, are well-suited to compete for such tenders. Having been finalised through a limited procurement method, this process indicates that competition, while present, remains manageable for qualified suppliers aiming to establish or enhance their market presence within similar local government contracts.

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Notice Information

Notice Title

Insurance renewal 2024/25

Notice Description

Annual insurance renewal for Town Council

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-630829fb-b117-4f6f-b9df-5909ba19b53b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a787f43b-b304-45ef-9682-bb5467b75764
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
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
£43,477 Under £100K
Lots Value
Not specified
Awards Value
£43,477 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20241 years ago
Submission Deadline
31 Aug 2024Expired
Future Notice Date
Not specified
Award Date
31 Aug 20241 years ago
Contract Period
31 Aug 2024 - 31 Aug 2025 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SPENNYMOOR TOWN 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
SPENNYMOOR
Postcode
DL16 6DG
Post Town
Darlington
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC North East (England)
Local Authority
County Durham
Electoral Ward
Spennymoor
Westminster Constituency
Newton Aycliffe and Spennymoor

Supplier Information

Number of Suppliers
1
Supplier Name

CLEAR INSURANCE MANAGEMENT

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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