Award

Tranche 9 Political Credit Risk Lot 1 Call Off Contract Award

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

06 Nov 2024 at 13:44

Award Notice
Summary of the contracting process

The procurement process detailed here concerns the award of a contract titled "Tranche 9 Political Credit Risk Lot 1 Call Off Contract Award" by UK Export Finance. This tender falls under the Financial and Insurance Services industry category, specifically focused on brokerage services to facilitate insurance contracts under the Political Credit Risk Framework. The procurement method employed was selective, specifically a call-off from a framework agreement. Key dates include the end of the tender period on 24th September 2024 and the start of the contract period on 4th October 2024, lasting until 3rd October 2025. The contract has been awarded to AON UK Limited, a large-scale supplier based in London, with the contract officially valued at £135,000.

This tender presents growth opportunities for businesses involved in financial and insurance services, particularly those with experience in handling complex brokerage tasks and the capability to manage political credit risk. Mid to large-sized insurance brokers and financial service providers who can offer robust risk management solutions would be ideal contenders. By securing a framework agreement with UK Export Finance, these businesses can expand their portfolio and gain access to future call-off contracts within the same framework, thus enhancing their market presence and credibility.

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Notice Information

Notice Title

Tranche 9 Political Credit Risk Lot 1 Call Off Contract Award

Notice Description

Brokerage services to let contracts for insurance under UKEF's Political Credit Risk Framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7f793b1f-6681-40c4-9682-ebfc3723732d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4760fb5d-db80-46e2-b21c-f4725ee3ec03
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£135,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Nov 20241 years ago
Submission Deadline
24 Sep 2024Expired
Future Notice Date
Not specified
Award Date
6 Oct 20241 years ago
Contract Period
3 Oct 2024 - 3 Oct 2025 6-12 months
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
UK EXPORT FINANCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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