Tender

INSURANCE TENDER Property Insurance excluding Broker Services (Ealing Contract Ref CH222435)

LONDON BOROUGH OF EALING

This public procurement record has 1 release in its history.

Tender

25 May 2023 at 12:44

Tender Notice
Summary of the contracting process

The London Borough of Ealing Council is conducting an open procurement process for a property insurance contract, including Business Interruption and other coverages, with a total value of approximately £7,550,000. The contract period is set to start on October 1, 2023, and end on September 30, 2027. The tender deadline is June 26, 2023. This opportunity is categorised under insurance services within the services sector and is suited to businesses operating in the insurance industry who can provide the required coverage and claims handling services to the specified address in the United Kingdom.

This procurement presents a significant opportunity for insurance businesses looking to expand their portfolio within the public sector. Companies with experience in providing property insurance, Business Interruption, and other specified coverages should consider competing in this open procedure tender process. The London Borough of Ealing is seeking to establish a long-term agreement with the potential for extension, offering stable revenue streams for contractors who can meet the specified requirements during the contract period. Interested businesses are encouraged to review the tender details and submit their proposals before the deadline to be considered for this lucrative opportunity.

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Notice Information

Notice Title

INSURANCE TENDER Property Insurance excluding Broker Services (Ealing Contract Ref CH222435)

Notice Description

London Borough of Ealing Council the Contracting Authority, is conducting an Open procurement process, for a new Insurance contract. The services required by this contract include Property Insurance including Business Interruption, Contract Works, Money and Specified All Risks in addition to claims handling for all cases. Contract value for the initial term of 4 years is approximately 3,000,000 , with the option to extend for a further 2 years the total contract value would be 4,500,000. It is intended that the contract shall be for an initial term of 4 years, with the option to extend for a further 2 years. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Contracting Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Contracting Authority.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-81df83e7-42a0-47fa-98f0-e130ebd2052f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fa58ad6c-323d-495f-a052-c19e4e5ecf99
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£7,550,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20232 years ago
Submission Deadline
26 Jun 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2023 - 30 Sep 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF EALING
Contact Name
Ewan Taylor
Contact Email
taylore@ealing.gov.uk
Contact Phone
+44 2088258000

Buyer Location

Locality
EALING
Postcode
W5 2HL
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI73 Ealing
Delivery Location
Not specified
Local Authority
Ealing
Electoral Ward
Ealing Broadway
Westminster Constituency
Ealing Central and Acton

Further Information

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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