Award

Further Competition under Insurance Placement DPS 978 for Derby Homes Ltd and their appointed Insurance Broker - Marsh

YORKSHIRE PURCHASING ORGANISATION

This public procurement record has 1 release in its history.

Award

17 Mar 2022 at 11:15

Award Notice
Summary of the contracting process

The Yorkshire Purchasing Organisation is facilitating a tender for "Further Competition under Insurance Placement DPS 978" for Derby Homes Ltd and their appointed insurance broker, Marsh. This process aims to renew their insurance portfolio, which includes Property Owners Combined and Computers, ahead of the upcoming expiration of current agreements on 1st April 2022. The procurement method used is selective, with a tender period that concluded on 18th February 2022, and the award was made on 8th March 2022, with a total contract value of £550,000 to Avid Insurance Services Ltd. The contract duration is set for three years, with possible annual extensions up to two additional years based on performance reviews.

This tender presents significant opportunities for businesses within the financial and insurance services industry, particularly those offering comprehensive insurance solutions. Small to medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) may find this procurement appealing, as the process encourages their participation. Given the competitive nature of the tender, businesses well-versed in public sector insurance offerings and compliant with regulations are ideally positioned to capitalise on this opportunity and contribute to the evolving insurance needs of Derby Homes Ltd.

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Notice Information

Notice Title

Further Competition under Insurance Placement DPS 978 for Derby Homes Ltd and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Property Owners Combined (inc Terrorism) and Computers (inc Terrorism) and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1st April 2022. This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77af75bf-06eb-4fc5-85a0-a05111691b3d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ae5f4ce1-3d7d-4b90-9e52-c456e0c8b846
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£550,000 £500K-£1M
Lots Value
Not specified
Awards Value
£550,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Mar 20223 years ago
Submission Deadline
18 Feb 2022Expired
Future Notice Date
Not specified
Award Date
8 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2027 Over 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
YORKSHIRE PURCHASING ORGANISATION
Contact Name
Michael Kirk
Contact Email
michael.kirk@derbyhomes.org
Contact Phone
+44 01332888703

Buyer Location

Locality
DERBY
Postcode
DE24 8UZ
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
Not specified
Local Authority
Derby
Electoral Ward
Alvaston North
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICES

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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