Award

LUV01176 - Insurance Services

UNIVERSITY OF LEICESTER

This public procurement record has 1 release in its history.

Award

07 Aug 2024 at 08:50

Summary of the contracting process

The University of Leicester has awarded a contract for insurance services under the title "LUV01176 - Insurance Services". The contract includes various classes of insurance such as Combined Liability, Excess Liability, Motor Fleet, Personal Accident and Travel, Terrorism, Computers, and Engineering (Insurance and Inspection). The total value of the contract is £1,657,000 and it has been awarded through an open procedure. Located in the East Midlands of the United Kingdom, this procurement process is now at the Award stage, with the contract period starting on 1st August 2024 and set to run until 31st July 2029. This procurement is within the services category and has a focus on suitability for small and medium-sized enterprises (SMEs).

This tender creates significant opportunities for businesses specialising in the insurance industry, particularly those that offer comprehensive insurance packages tailored to educational institutions. The structured and sizeable contract value presents a substantial opportunity for growth for insurers capable of delivering quality and diversified services. SMEs in the insurance sector stand to benefit from participating in future tenders of this nature due to their tailored services and agile operations. Organisations like Aviva Insurance Limited, Chubb European Group SE, and Zurich Municipal, which were awarded the contract, exemplify the type of businesses that are well-positioned to successfully compete in such tenders.

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Notice Title

LUV01176 - Insurance Services

Notice Description

University of Leicester tender for insurance classes (Lotted): Combined Liability (Primary Layer), Excess Liability, Motor Fleet, PA and Travel, Terrorism, Computers, Engineering (Insurance and Inspection). Contract Term expectation is 5 years (3 + 2 Years)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8919ba73-9892-45a7-a110-4bf90cbce790
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b3d508a6-5d18-44be-99e4-0bb88a29ffb2
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,657,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,657,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20241 years ago
Submission Deadline
30 Jul 2024Expired
Future Notice Date
Not specified
Award Date
30 Jul 20241 years ago
Contract Period
31 Jul 2024 - 31 Jul 2029 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
UNIVERSITY OF LEICESTER
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEICESTER
Postcode
LE1 7RH
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF21 Leicester
Delivery Location
TLF East Midlands (England)

Local Authority
Leicester
Electoral Ward
Castle
Westminster Constituency
Leicester South

Supplier Information

Number of Suppliers
5
Supplier Names

ALLIANZ ENGINEERING INSPECTION SERVICES

ARTHUR J. GALLAGHER (UK

AVIVA INSURANCE

CHUBB EUROPEAN GROUP

ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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