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LCDL PROPERTY INSURANCE - UNIT 3.2 Only (Lancashire Business Park)

Lancashire County Council

This public procurement record has 2 releases in its history.

Award

07 Mar 2025 at 15:35

Award Notice
Tender

22 Oct 2024 at 17:02

Tender Notice
Summary of the contracting process

Lancashire County Council has invited tenders for the provision of property insurance services for Building 3.2 at the Lancashire Business Park. This procurement process, classified under CPV code 66510000, falls within the insurance services industry. The open procedure method was used, and the value of the contract is estimated at £884,000. The contract will run from 14th January 2025 to 13th January 2029, with an annual renewal option within a four-year long-term agreement. The tender period ended on 22nd November 2024. However, it is noteworthy that no bids were received by the deadline, resulting in no award being made.

This tender presents a significant opportunity for businesses specialising in insurance services, particularly those capable of providing specialised property insurance. The procurement encourages participation from SMEs, making it an attractive proposition for smaller firms looking to expand their portfolio within the public sector. Additionally, businesses focused on offering comprehensive insurance solutions will find this contract well-suited to their capabilities. Engaging in such contracts can enhance business growth through sustained long-term agreements, providing both financial stability and the potential for repeat business with public sector entities.

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Notice Information

Notice Title

LCDL PROPERTY INSURANCE - UNIT 3.2 Only (Lancashire Business Park)

Notice Description

Tenders are invited for the provision of Property Insurance for Building 3.2 for Lancashire Community Developments limited as detailed in this advert and the associated tender documents available on Lancashire County Council's e-Tendering Portal (Oracle Fusion) for the period commencing the 14th January 2025 to 13th January 2029. The Authority are offering an opportunity for a Long Term Agreement of up to 4 years with annual renewal of the policy.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-915d6b5f-9135-4146-ae6a-a1ca6b271ece
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/df62ffde-89eb-4be2-ac4b-99b2ffd4791b
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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
£884,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20251 years ago
Submission Deadline
22 Nov 2024Expired
Future Notice Date
Not specified
Award Date
12 Jan 20251 years ago
Contract Period
13 Jan 2025 - 12 Jan 2029 4-5 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
Lancashire 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
PRESTON
Postcode
PR1 0LD
Postcode Area
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)
Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

N/A

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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