Award

Property Owners Combined Insurance

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

24 Sep 2019 at 08:30

Tender

16 Jul 2019 at 07:43

Summary of the contracting process

The procurement process involves Staffordshire County Council, which has initiated a tender for "Property Owners Combined Insurance." This project falls under the insurance services industry category, specifically addressed to suppliers in the West Midlands, United Kingdom. The tender, identified as IA1890, followed a selective procurement method with competitive negotiation and has a contract period starting from 30th September 2019, lasting until 28th September 2024. The tender period concluded on 13th August 2019, with a contract valued at approximately £750,000, which is vital for renewing the insurance portfolio due to changes from the incumbent insurer, Tokio Marine Insurance Company.

This tender presents a significant opportunity for businesses specialising in insurance services, particularly those offering competitive and innovative solutions for property owners. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the procurement process is designed to welcome diverse bidders. Companies that can effectively provide comprehensive property insurance and risk management solutions would be particularly well-suited for this opportunity, potentially expanding their client base and enhancing their service offerings within the public sector.

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Notice Title

Property Owners Combined Insurance

Notice Description

Provision of Insurance (excluding broking services) The Contracting Authority are currently insured for a Property Owners Combined policy via Tokio Marine Insurance Company who have advised that they will no longer be writing this type of business therefore in line with Public Procurement Legislation we are tendering this insurance portfolio in time for renewal on 30th September 2019.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8416d418-a640-41f2-a753-716a7ffb702a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c78c5b6-b6f8-4882-a21b-83107f9cd338
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
£644,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Sep 20196 years ago
Submission Deadline
13 Aug 2019Expired
Future Notice Date
Not specified
Award Date
23 Sep 20196 years ago
Contract Period
29 Sep 2019 - 28 Sep 2024 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
STAFFORDSHIRE 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
STAFFORD
Postcode
ST16 2DH
Post Town
Stoke-on-Trent
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG West Midlands (England)

Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICIPAL

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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