Award

Professional Indemnity Insurance

FINANCIAL OMBUDSMAN SERVICE

This public procurement record has 1 release in its history.

Award

18 Apr 2023 at 10:45

Award Notice
Summary of the contracting process

The Financial Ombudsman Service has awarded a contract for Professional Indemnity Insurance to Marsh Limited for brokerage services in London. The procurement method was selective, following a further competition through the Crown Commercial Service - Insurance framework. The contract is valued at £95,000 and has a start date of 25th March 2023, with an end date of 24th March 2024.

This tender presents opportunities for businesses specialising in insurance services, particularly those capable of providing professional indemnity insurance brokerage. Small and medium enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are well-suited to compete. Interested parties should note the key tender deadline of 18th January 2023 and the location requirement in London, United Kingdom.

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Notice Information

Notice Title

Professional Indemnity Insurance

Notice Description

Awarded contract to Marsh for the brokerage of a Professional Indemnity insurance policy following a further competition through the Crown Commercial Service - Insurance framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6b9c340b-63ba-4460-86ac-2d21bba6d2c4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9ba8ed19-b224-4cec-acc8-796fa2567523
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£95,000 Under £100K
Lots Value
Not specified
Awards Value
£95,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Apr 20232 years ago
Submission Deadline
18 Jan 2023Expired
Future Notice Date
Not specified
Award Date
28 Feb 20232 years ago
Contract Period
25 Mar 2023 - 24 Mar 2024 1-2 years
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
FINANCIAL OMBUDSMAN SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 9SR
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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