Award

SBC 0623 - Procurement of Insurance Placement through YPO DPS 978

STEVENAGE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

14 Sep 2023 at 09:53

Award Notice
Summary of the contracting process

The Stevenage Borough Council has awarded a contract for procurement of insurance services through a dynamic purchasing system. The contract, titled "SBC 0623 - Procurement of Insurance Placement through YPO DPS 978," is valued at £1,116,658 and will be in effect from October 1, 2023, to September 30, 2026. The contracting authority is STEVENAGE BOROUGH COUNCIL located in Stevenage, East of England. The procurement stage was an award, with the contract awarded to ASPEN INSURANCE UK LIMITED.

This procurement opportunity for insurance services presents a chance for SMEs and VCSEs to engage in the public sector market. Businesses in the insurance services industry or related fields may find this tender of interest due to the potential for contract extension beyond the initial three-year period. The selective procurement method used, involving call-off from a dynamic purchasing system, offers a streamlined process for qualified suppliers to participate in this ongoing contract with Stevenage Borough Council.

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Notice Information

Notice Title

SBC 0623 - Procurement of Insurance Placement through YPO DPS 978

Notice Description

Lot 1 Insurance for Housing Stock/General Properties/ Residential Garages/All Risks/Contract Works/Business Interruption & Money

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7854efb9-00eb-45b6-967b-7ce62eec7736
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/69d2b163-2149-468c-906e-ec7950c7413a
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,116,658 £1M-£10M
Lots Value
Not specified
Awards Value
£1,116,658 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Sep 20232 years ago
Submission Deadline
31 Jul 2023Expired
Future Notice Date
Not specified
Award Date
3 Sep 20232 years ago
Contract Period
30 Sep 2023 - 30 Sep 2026 3-4 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
STEVENAGE BOROUGH 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
STEVENAGE
Postcode
SG1 1HN
Post Town
Stevenage
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified
Local Authority
Stevenage
Electoral Ward
Old Town
Westminster Constituency
Stevenage

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN 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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