Award

Directors and Officers Insurance Cover

UNIVERSITY OF YORK

This public procurement record has 1 release in its history.

Award

03 Dec 2021 at 15:51

Award Notice
Summary of the contracting process

The procurement process for Directors and Officers Insurance Cover was initiated by the University of York, located in Yorkshire and the Humber, England. The tender was awarded through a selective procurement method, with a total value of £33,550, covering a one-year insurance period from August 1, 2021, to July 31, 2022. The procurement stage has been completed, and the award was officially made on October 18, 2021, following a failed previous attempt to source this insurance via a multi-lot competition. This process aimed to secure urgent coverage for the University, ensuring continuity of protection for its executives.

This tender presents an excellent opportunity for businesses in the insurance sector, particularly those experienced in providing Directors and Officers insurance and those able to navigate framework agreements. Small and medium-sized enterprises (SMEs) are especially encouraged to participate, given the suitability criteria. Companies like insurance brokers with a focus on educational institutions or public sector clients are well-positioned to compete for similar contracts, thereby facilitating potential growth through additional public sector engagements.

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Notice Information

Notice Title

Directors and Officers Insurance Cover

Notice Description

The University of York has direct-awarded its Directors and Officers insurance cover for one year under the Yorkshire Purchasing Organisation's framework agreement for Insurance Brokerage Services (964) . The D&O cover was initially included in a multi-lot further competition for the University's insurance cover requirements earlier in the year but no bids were submitted for this lot. It was therefore necessary to seek cover urgently via a different route. The previous supplier agreed to extend cover until the new arrangement could be put in place.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-925abbbb-13d9-407c-8378-fae14d7bf052
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/476625c7-bf11-4446-9f3e-4951a30e2259
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
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
£33,550 Under £100K
Lots Value
Not specified
Awards Value
£33,550 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Dec 20214 years ago
Submission Deadline
30 Jul 2021Expired
Future Notice Date
Not specified
Award Date
17 Oct 20214 years ago
Contract Period
31 Jul 2021 - 31 Jul 2022 6-12 months
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 YORK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
YORK
Postcode
YO10 5DD
Post Town
York
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE2 North Yorkshire
Small Region (ITL 3)
TLE21 York
Delivery Location
TLE Yorkshire and The Humber
Local Authority
York
Electoral Ward
Hull Road
Westminster Constituency
York Central

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J. GALLAGHER INSURANCE BROKERS

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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