Award

East Cambridgeshire District Council Insurance Services

EAST CAMBRIDGESHIRE DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

05 Nov 2024 at 13:34

Summary of the contracting process

The East Cambridgeshire District Council has completed the procurement process for insurance services, awarding the contract to Zurich Municipal. The tender, identified as ECDC001-DN702489-97305021, pertains to the provision of a comprehensive insurance policy covering the Council and its two trading entities: East Cambs Trading Company and East Cambs Street Scene. This procurement, classified under CPV code 66510000 (Insurance services), falls within the services industry category with the contract period stretching from 1 April 2024 to 31 March 2029. The procurement process was executed as a further competition under the Crown Commercial Services Insurance Services 3 DPS Agreement RM6138, culminating in an award on 5 March 2024 with a contract valued at £1,549,171.50. This tender targeted small and medium-sized enterprises (SMEs) and involved key stakeholders, East Cambridgeshire District Council as the buyer and Zurich Municipal as the supplier, with the primary region of service being England, United Kingdom.

This contract presents substantial business growth opportunities, particularly for companies specialising in insurance services. The long-term nature of the contract and significant value offer a stable revenue stream over five years, making it especially appealing for SMEs seeking consistent work. Businesses with experience in providing comprehensive insurance packages and those adept at managing large, diverse risk portfolios would be well-positioned to benefit from such opportunities. Additionally, since the tender originates from a public sector entity, successful bidders will gain prestige and visibility, potentially opening doors to further contracts within the sector.

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Notice Title

East Cambridgeshire District Council Insurance Services

Notice Description

East Cambridgeshire District Council requires the provision of insurance services for The Authority and its two trading companies: East Cambs Trading Company and East Cambs Street Scene. It requires an umbrella policy covering all three organisations for most risks, with then separate specific policies where they are required. This is a further competition using the Crown Commercial Services Insurance Services 3 DPS Agreement RM6138.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-688b8dce-7ffe-4cf4-b934-5f5058111429
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d7b1d6e1-c763-4b93-a3cd-8a830b263e6c
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 -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,630,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,549,171 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20241 years ago
Submission Deadline
9 Feb 2024Expired
Future Notice Date
Not specified
Award Date
5 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2029 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
EAST CAMBRIDGESHIRE DISTRICT 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
ELY
Postcode
CB7 4EE
Post Town
Cambridge
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
East Cambridgeshire
Electoral Ward
Ely East
Westminster Constituency
Ely and East Cambridgeshire

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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