Award

Insurance Brokerage & Consultancy

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Award

17 Sep 2024 at 10:55

Award Notice
Summary of the contracting process

The University of Bristol has awarded a contract for "Insurance Brokerage & Consultancy" to GRIFFITHS & ARMOUR LIMITED, a large-scale company based in Liverpool. This contract, under the classification of "Insurance brokerage and agency services" (CPV code 66518000), is aimed at supporting the University's Insurance Manager in ensuring appropriate and legally required insurance coverage. The procurement falls under the services category and used a direct procurement method via single tender action. The contract is valued at £180,000 for a four-year period beginning on 31st January 2024 and ending on 31st January 2028, provided all extension options are exercised. The location of service delivery is the South West region of the United Kingdom, with the initial contract phase running until 31st January 2026.

This tender presents an excellent opportunity for businesses specialising in insurance brokerage and consultancy, particularly those experienced in managing institutional risk requirements and compliance with legal and financial covenants. Small and medium enterprises (SMEs) as well as Voluntary, Community and Social Enterprises (VCSEs) are encouraged to participate, provided they have capabilities in areas such as risk management, insurance claims handling, and insurance training. By securing this contract, firms can bolster their portfolio and establish a long-term business relationship with a prestigious academic institution.

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Notice Information

Notice Title

Insurance Brokerage & Consultancy

Notice Description

To support the University's Insurance Manager, to ensure that the University has: - insurances in place that are required by law. - insurances in place that are required in covenants of borrowing arrangements or grant agreements. - appropriate insurances in place to manage risks to which the University is exposed. - continuous unbroken insurance cover. - assistance with surveys, claims, risk management & insurance training Additional information: PS45,000 Per Annum - on a 4 year contract (1+1+1+1 basis) = PS180,000 Inc VAT (Jan 2024 - Jan 2028 if all options to extend are taken up).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-86dbe646-adea-4afa-85fd-b9d93eb0f432
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/666b4c24-e182-43ef-b862-655470ff9d08
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20241 years ago
Submission Deadline
19 Oct 2023Expired
Future Notice Date
Not specified
Award Date
19 Oct 20232 years ago
Contract Period
31 Jan 2024 - 31 Jan 2026 2-3 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
UNIVERSITY OF BRISTOL
Contact Name
Lee Bryant
Contact Email
lee.bryant@bristol.ac.uk
Contact Phone
+441174556044

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

GRIFFITHS & ARMOUR

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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