Award

Insurance Brokerage Services Contract

LINCOLNSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Sep 2025 at 15:32

Award Notice
Summary of the contracting process

Lincolnshire County Council has concluded a direct award procurement process for an Insurance Brokerage Services Contract, classified under Financial and insurance services. This award, finalised on 10th September 2025, contracts Marsh Limited as the supplier. Covering the East Midlands, England, the contract is valued at £22,500 and spans from 1st November 2025 to 31st October 2028. The procurement aimed to engage a specialist insurance broker to provide tailor-made insurance programmes and support cost-effective risk management strategies. The tender process involved a direct procurement method to actively manage risks through expert brokerage services.

This award provides opportunities for businesses specialising in risk management and insurance brokerage to engage with public entities, potentially leading to further contracts with governmental bodies. SMEs, in particular, will find this contract category suitable, given the council's emphasis on involving smaller businesses. Firms possessing expertise in complex insurance structuring and claims analysis, and those capable of offering bespoke insurance solutions, are well-positioned to leverage such opportunities within the public sector landscape.

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Notice Information

Notice Title

Insurance Brokerage Services Contract

Notice Description

The Council requires an insurance broker to place cover with insurers, as most public sector providers do not accept direct placements from clients. The broker will need to bring specialist expertise in insurance and risk financing, helping to design tailored insurance programmes and identify appropriate cover-particularly for ad hoc or complex requirements. This will ensure the Council is adequately protected while maintaining flexibility. The broker will also helps analyse claims data to determine the right balance between self-insurance and external cover, supporting cost-effective risk management, and during tendering, they will work closely with the Council to prepare market submissions, including arranging pre-tender engagement days with insurers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-824f6e55-b792-41c0-acb3-27aa8c1e08cc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cb6f0fe1-8ea8-4045-8c2a-284d152a3cef
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£22,500 Under £100K
Lots Value
Not specified
Awards Value
£22,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20255 months ago
Submission Deadline
10 Sep 2025Expired
Future Notice Date
Not specified
Award Date
9 Sep 20255 months ago
Contract Period
1 Nov 2025 - 31 Oct 2028 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
LINCOLNSHIRE 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
LINCOLN
Postcode
LN1 1YL
Post Town
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)
Local Authority
Lincoln
Electoral Ward
Carholme
Westminster Constituency
Lincoln

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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