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Insurance Services (excluding insurance broking services)

Castle Point Borough Council

This public procurement record has 1 release in its history.

Award

06 Apr 2022 at 12:50

Award Notice
Summary of the contracting process

Castle Point Borough Council has conducted a public procurement process to secure Insurance Services (excluding insurance broking services) with a total contract value of £2,881,953. The procurement, initiated via an open procedure, has successfully moved through the tender stage and culminated in the award of the contract as of April 6, 2022. The contract period spans from April 1, 2022, to March 31, 2029, with an option for a two-year extension. Delivery will take place in the East of England, United Kingdom.

This tender presents significant growth opportunities for established insurance companies looking to expand their service offerings. Businesses with experience in providing comprehensive insurance solutions, particularly those capable of executing a long-term agreement, stand to benefit. The contract is tailored for larger-scale firms, making it unsuitable for SMEs and VCSEs, thereby positioning larger companies with robust operational capabilities and a track record of similar contracts to be well-suited to compete in this procurement process.

How relevant is this notice?

Notice Information

Notice Title

Insurance Services (excluding insurance broking services)

Notice Description

Provision of Insurance Services (excluding the provision of insurance broking services). Castle Point Borough Council is looking for tender responses based upon a Long Term Agreement of 5 years with the option to extend by a further 2 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-834ea43c-3fac-4960-a451-ea2bca55e688
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04337271-6146-4685-a4cf-0617946f4a8d
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£2,881,953 £1M-£10M
Lots Value
Not specified
Awards Value
£2,881,953 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Apr 20224 years ago
Submission Deadline
25 Mar 2022Expired
Future Notice Date
Not specified
Award Date
25 Mar 20224 years ago
Contract Period
1 Apr 2022 - 31 Mar 2029 Over 5 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
Castle Point 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
BRAINTREE
Postcode
CM7 9HB
Postcode Area
Chelmsford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH34 Essex Haven Gateway
Delivery Location
Not specified
Local Authority
Braintree
Electoral Ward
Bocking South
Westminster Constituency
Braintree

Supplier Information

Number of Suppliers
5
Supplier Names

Allianz Engineering Inspection Services Limited

Protector Insurance

Travelers Insurance Company Insurance

Travelers Insurance Company Limited

Zurich Insurance plc

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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