Tender

PURCON 2120 - Provision of Insurance Services only

UNIVERSITY OF EAST ANGLIA

This public procurement record has 1 release in its history.

Tender

13 Sep 2024 at 16:38

Tender Notice
Summary of the contracting process

The University of East Anglia is seeking to procure insurance services through a tender process for the provision of insurance cover only, explicitly excluding any form of Insurance Broking Service. This tender, identified by reference IT-37-871-PURCON 2120, is categorised under insurance services and mainly applies to the East of England within the United Kingdom. The procurement is currently in the Tender stage, with significant dates including the initial submission deadline on 2nd October 2024, and a secondary opportunity to submit tenders by 15th October 2024. The contract is set to commence on 1st November 2024 and run until 30th September 2028, ensuring a stable and longstanding commitment from successful bidders.

This tender presents an ample opportunity for insurance providers to collaborate with a prestigious institution, the University of East Anglia, enhancing their portfolio within the educational sector. Ideal participants include experienced insurance firms capable of providing comprehensive coverage and meeting the capacity requirements set by the University. The two-stage procurement process offers a competitive yet fair landscape, allowing both lead and follow market insurers to participate and potentially secure a portion of the contract. This can lead to significant business growth, especially for firms looking to expand their market share within public sector insurance services.

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Notice Information

Notice Title

PURCON 2120 - Provision of Insurance Services only

Notice Description

The University of East Anglia is conducting a tender process for provision of insurance cover only and is not an Insurance Broker Tender and specifically excludes any form of Insurance Broking Service. It is expected that multiple insurers will be required to provide sufficient capacity for this project. Therefore, respondents to this ITT will do so as a potential Lead insurer (ITT stage 1) and will provide a lead quotation in the first instance (deadline 2nd October). Once a lead has been identified, all other insurers will be given a second opportunity (ITT stage 2), to respond to this tender but as a follow market to obtain 100% capacity. All follow markets, including those unsuccessful lead market respondents, will be presented with the terms of the successful Lead insurer as part of this second opportunity to quote (deadline 15th October). Bids from follow markets will be ranked based on the most economically advantageous tender until minimum 100% capacity is obtained. Parts of the evaluation criteria will not be applicable to follow markets and no response is required under those parts of the tender marked "APPLICABLE TO LEAD ONLY". A "line to stand" will not be reduced and in the event of over-capacity, the share of the follow markets will be proportionately reduced to ensure 100% (subject to minimum levels). There is no expectation that any one insurer would be able to accept 100% capacity and consequently the University has determined a two-stage process is required. TO CLARIFY, IF YOU WANT TO TAKE PART IN THIS TENDER AT STAGE 2 (AS A FOLLOW), PART 1 - QUALIFICATION QUESTIONNAIRE MUST STILL BE COMPLETED AND RETURNED IN ADVANCE OF THE 2ND OCTOBER DEADLINE. THIS WILL ENSURE YOU ARE TAKEN THROUGH TO STAGE 2 OF THE ITT. Additional information: If you're interested in this contract, documents are available on UEA's In-Tend https://In-Tendhost.co.uk/universityofeastanglia/aspx/Home Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-76150008-cf56-4e81-872c-a771399c56dc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1bf3efe0-ce22-4b53-96f7-897f3a3337f8
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Sep 20241 years ago
Submission Deadline
2 Oct 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2024 - 30 Sep 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF EAST ANGLIA
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORWICH RESEARCH PARK
Postcode
NR4 7TJ
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
University
Westminster Constituency
Norwich South

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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