Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Commercial Property Insurance_YPO1198

Somerset County Council

This public procurement record has 1 release in its history.

Award

12 Mar 2026 at 11:12

Award Notice
Summary of the contracting process

The procurement process overseen by Somerset Council culminated in the award of a contract for "Commercial Property Insurance" under YPO 1198. Categorized in the Financial and Insurance Services industry, this comprehensive insurance provision extends across various regions, including the United Kingdom, Channel Islands, and Europe. The awarding stage of the process was completed as of 12 March 2026, with the subsequent contract scheduled to start on 1 April 2026 and conclude on 31 March 2029. This procurement pertains to services and was executed through a tender initiation type, although specific procurement methods were not detailed.

This tender represents a significant opportunity for businesses specialising in property insurance, particularly those capable of providing extensive coverage across multiple territories such as the British Overseas Territories and beyond. Despite the completed award process, the nature of this contract, held by Aviva Insurance Limited, highlights the potential growth for enterprises that can offer competitive insurance services suited for public sector requirements. Companies with expertise in financial and insurance services would have been well-positioned to compete, although the suitability categorisation indicated a preference for larger enterprises over SMEs and VCSEs.

How relevant is this notice?

Notice Information

Notice Title

Commercial Property Insurance_YPO1198

Notice Description

Commercial Property Insurance_YPO1198 This invitation for Further Competition is under YPO 1198 for provision of Commercial and Industrial Property Insurance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8185c883-527d-4285-896e-6f48c07f2329
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e6938a28-7d24-48f1-b5c2-48a954f3ef2e
Current Stage
Award
All Stages
Award

Procurement Classification

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

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
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20266 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Mar 20266 months ago
Contract Period
1 Apr 2026 - 31 Mar 2029 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
Somerset County 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
TAUNTON
Postcode
TA1 4DY
Postcode Area
Taunton
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK62 Somerset
Delivery Location
Not specified
Local Authority
Somerset
Electoral Ward
Bishop's Hull & Taunton West
Westminster Constituency
Taunton and Wellington

Supplier Information

Number of Suppliers
1
Supplier Name

Aviva Insurance Limited

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...