Award

Insurance Broker

NORTHERN EDUCATION TRUST

This public procurement record has 1 release in its history.

Award

01 Aug 2022 at 08:40

Award Notice
Summary of the contracting process

The procurement process involves the Northern Education Trust, based in Stockton-on-Tees, who issued a tender titled "Insurance Broker" within the financial and insurance services sector. The contract is set for a duration of three years, starting from 1st September 2022 and potentially extending for an additional year, depending on service quality. The procurement followed an open procedure and concluded on 22nd July 2022. The total value of the contract is £140,000 and covers various delivery locations including the UK and British Overseas Territories.

This tender presents a significant opportunity for businesses operating in the financial and insurance services sector, particularly those offering insurance brokerage services. Companies that can demonstrate a robust operational capacity and strong relationships within educational trusts and academies would be particularly well-suited to compete. Engaging in this contracting process could lead to expanded business operations and increased revenue within the education sector, especially for providers who can align their services with the needs of the Northern Education Trust.

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Notice Information

Notice Title

Insurance Broker

Notice Description

The goal of this ITT is to provide Northern Education Trust with all of the details necessary to select a cost-effective and robust insurance brokerage service that supports our existing and future business volume and processes. In summary the insurance brokerage service will include provision of day-to-day operations. It is important that you are able to demonstrate capabilities and relationship potential for both the Trust and academies. 3 year contract proposed with potential to extend for a further 1 year dependant on service achievement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-719d7581-0c8f-4858-8ab8-0c12695e429f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c338adb6-f1ea-45cd-8c7d-991f20ff6136
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£140,000 £100K-£500K
Lots Value
Not specified
Awards Value
£140,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Aug 20223 years ago
Submission Deadline
21 Jul 2022Expired
Future Notice Date
Not specified
Award Date
21 Jul 20223 years ago
Contract Period
31 Aug 2022 - 31 Aug 2026 4-5 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
NORTHERN EDUCATION TRUST
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STOCKTON-ON-TEES
Postcode
TS20 2AY
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC31 Hartlepool and Stockton-on-Tees
Delivery Location
Not specified
Local Authority
Stockton-on-Tees
Electoral Ward
Stockton Town Centre
Westminster Constituency
Stockton North

Supplier Information

Number of Suppliers
1
Supplier Name

TOWERGATE INSURANCE

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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