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LCDL PROPERTY INSURANCE - UNIT 3.2 Only (Lancashire Business Park)

Lancashire County Council

This public procurement record has 2 releases in its history.

AwardUpdate

07 Mar 2025 at 15:49

Award Notice
Award

07 Mar 2025 at 15:41

Award Notice
Summary of the contracting process

Lancashire County Council has awarded a contract for property insurance services specific to Unit 3.2 at Lancashire Business Park. The procurement process, categorised under the services industry, was conducted via a direct award method. This process was finalised on 12 January 2025, with the contract starting on 13 January 2025 and concluding on 12 January 2029. The procurement's total value stands at £1,200,000. The property's location is within the North West region of the United Kingdom. The primary procurement stage of this announcement pertains to the award update.

This tender presents a significant business growth opportunity for large-scale insurance companies specializing in property insurance. The contract, extending over four years, ensures a stable revenue stream within the property insurance sector. Insurers with substantial capacity and experience in handling large property insurance contracts, particularly within the North West region, are well-suited to this opportunity. Additionally, organizations can leverage this contract to strengthen their relationships with public sector bodies like Lancashire County Council and bolster their portfolio of government contracts.

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Notice Information

Notice Title

LCDL PROPERTY INSURANCE - UNIT 3.2 Only (Lancashire Business Park)

Notice Description

LCDL PROPERTY INSURANCE - UNIT 3.2 Only (Lancashire Business Park)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-73a77d8b-debf-4154-a762-9fc3711810fe
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24e6fc8e-1390-4a13-a849-19e22beae2c3
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 - Direct Award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£1,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,200,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20251 years ago
Submission Deadline
11 Jan 2025Expired
Future Notice Date
Not specified
Award Date
12 Jan 20251 years ago
Contract Period
13 Jan 2025 - 12 Jan 2029 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
Lancashire County 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 8XJ
Postcode Area
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
9
Supplier Names

AXA XL Insurance Company

Lloyds of London (Syndicate 2015)

Lloyds of London (Syndicate 457)

Tokio Marine HCC

Lloyds of London (Syndicate 2623)

Lloyds of London (Syndicate 623)

Probitas 1492

Legal & Contingency

Munich Re

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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