Award

GCS Fleet Insurance and Brokerage Service

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

17 Oct 2024 at 14:07

Award Notice
Award

04 May 2021 at 10:34

Award Notice
Summary of the contracting process

The procurement process for the "GCS Fleet Insurance and Brokerage Service" was conducted by the Department for Transport (DfTc). The contract, valued at GBP 405,000, is classified under Insurance services (CPV 66510000) and encompasses services for the Government Car Service Fleet across various regions including the UK and international territories. The final contract was directly awarded to Arthur J. Gallagher Insurance Brokers Ltd from an existing framework agreement. The procurement stage is complete with the contract period starting on 1st April 2021 and ending on 31st March 2026.

This tender offers a significant opportunity for large-scale insurance brokerage firms specialising in fleet insurance and claims handling services. It allows the winning business to manage and procure insurance for a governmental fleet, promoting exposure and extensive networking opportunities in both domestic and international markets. Given the sensitivity of the data, the procurement might suit firms with robust data security measures and experience in public sector contracts.

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Notice Information

Notice Title

GCS Fleet Insurance and Brokerage Service

Notice Description

This procurement is for the provision of insurance brokerage services and to provide competitive insurance cover for the Government Car Service Fleet. The broker will assess the market and obtain the most cost effective insurance cover and also provide a claims handling service . The supplier will need to sign a non-disclosure agreement because of the sensitivity of the data being handled. Insurance does not attract VAT but Insurance Premium Tax will apply.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77fef37f-0f33-41d8-8d60-8eba3a251f54
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3570f42c-60c6-4d35-9a25-bf85b6aa674c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award from a Framework Agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£405,000 £100K-£500K
Lots Value
Not specified
Awards Value
£305,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20241 years ago
Submission Deadline
8 Mar 2021Expired
Future Notice Date
Not specified
Award Date
26 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2026 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
DFTC - DEPARTMENT FOR TRANSPORT
Contact Name
Tamsin Pearce
Contact Email
tamsin.pearce@dft.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 4DR
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J. GALLAGHER INSURANCE BROKERS

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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