Award

Corporate Insurance

SOUTHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

05 Jun 2020 at 14:37

Summary of the contracting process

The procurement process for "Corporate Insurance" was concluded by Southampton City Council, which serves as the contracting authority. This contract falls under the insurance services industry category (CPV Code: 66510000) and covers various insurance lots awarded to different suppliers, including Zurich Municipal, Travelers Insurance Company Limited, and Risk Management Partners Ltd. The procurement method utilised was selective, specifically as a call-off from a framework agreement, with a total contract value of £5,406,173. The contract period commenced on 1st April 2020 and will extend until 31st March 2025. Notably, the tender period ended on 20th November 2019.

This tender presents lucrative opportunities for large insurance companies and firms specialising in risk management services. Given the nature of the awarded lots, businesses that offer comprehensive insurance brokerage and associated services, particularly within property, liability, crime, and engineering sectors, would be well-positioned to vie for similar contracts in the future. The ongoing management of such contracts may also allow businesses to establish long-term partnerships and enhance their service offerings within the public sector.

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Notice Title

Corporate Insurance

Notice Description

A call off from the YPO - 000964 Insurance Brokerage and Associated Services framework. Zurich have been awarded Lots 1,2 & 5 Lot 1: Property including Terrorism - TCV for PS2,174,148.10 Lot 2: Liability and Crime - TCV for PS2,384,117.60 Lot 5: Engineering Insurance and Inspection - TCV for PS391,937.91 Travelers UK have been awarded lot 3 Lot 3: Motor for PS87,148 Risk Management Partners have been awarded lot 4 Lot 4: Corporate insurance for PS20,227

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-90515788-e42d-4582-8c84-b28f0f39883b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4780dbf4-f129-4b8b-aac3-e3bef8c57137
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£5,406,173 £1M-£10M
Lots Value
Not specified
Awards Value
£5,406,173 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jun 20205 years ago
Submission Deadline
20 Nov 2019Expired
Future Notice Date
Not specified
Award Date
30 Mar 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2023 2-3 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
SOUTHAMPTON CITY 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
SOUTHAMPTON
Postcode
SO14 7LY
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
TLJ South East (England)

Local Authority
Southampton
Electoral Ward
Bargate
Westminster Constituency
Southampton Itchen

Supplier Information

Number of Suppliers
3
Supplier Names

RISK MANAGEMENT PARTNERS

TRAVELERS INSURANCE

ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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