Award

Verisk Licence

POOL RE SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

23 Jul 2024 at 10:10

Summary of the contracting process

Pool Re Services Limited, located in London, has concluded a procurement process for the "Verisk Licence" to secure a UK Buildings dataset essential for various modelling assumptions. The contract falls under the industry category of Analytical, Scientific, Mathematical, or Forecasting Software Packages (CPV 48460000) and is valued at GBP 133,904. The procurement stage is at the Award stage, with the award being made on 5th June 2024. The contract period extends from 30th August 2024 to 30th August 2026. The award notice was published on 23rd July 2024. This procurement is labelled as "Other," indicating that Pool Re requires this specific supplier due to exclusive rights for the software.

This tender presents significant opportunities for businesses specialising in analytical and scientific software, particularly those offering unique or exclusive solutions. Small and medium-sized enterprises (SMEs) can benefit from such procurement processes, as demonstrated by the winning supplier, Business Insight Limited, an SME based in Warwickshire. Companies with niche expertise in software licensing and maintenance, especially those holding exclusive technologies, are well-suited to compete in this and similar tenders, potentially securing long-term contracts with influential buyers like Pool Re Services Limited.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Verisk Licence

Notice Description

Verisk is required for the provision of UK Buildings dataset which is fundamental to a number of modelling assumptions.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-98192073-1548-4732-899d-e7556ff6d71d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/524e0f76-dd96-44f0-9f8d-d7efd2f4324c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Pool Re require this Supplier for licensing of this software to ensure that they continue to have access to a required software interface. The Supplier holds exclusive rights to the current system, and are the sole supplier for support and maintenance
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48460000 - Analytical, scientific, mathematical or forecasting software package

Notice Value(s)

Tender Value
£133,904 £100K-£500K
Lots Value
Not specified
Awards Value
£133,904 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jul 20241 years ago
Submission Deadline
5 Jun 2024Expired
Future Notice Date
Not specified
Award Date
4 Jun 20241 years ago
Contract Period
29 Aug 2024 - 30 Aug 2026 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
POOL RE SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC4R 9AF
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BUSINESS INSIGHT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-98192073-1548-4732-899d-e7556ff6d71d-2024-07-23T11:10:01+01:00",
    "date": "2024-07-23T11:10:01+01:00",
    "ocid": "ocds-b5fd17-98192073-1548-4732-899d-e7556ff6d71d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_354452/1386636",
        "title": "Verisk Licence",
        "description": "Verisk is required for the provision of UK Buildings dataset which is fundamental to a number of modelling assumptions.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48460000",
            "description": "Analytical, scientific, mathematical or forecasting software package"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 133904,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other - Pool Re require this Supplier for licensing of this software to ensure that they continue to have access to a required software interface. The Supplier holds exclusive rights to the current system, and are the sole supplier for support and maintenance",
        "tenderPeriod": {
            "endDate": "2024-06-05T14:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-08-30T00:00:00+01:00",
            "endDate": "2026-08-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-266588",
            "name": "Pool Re Services Limited",
            "identifier": {
                "legalName": "Pool Re Services Limited"
            },
            "address": {
                "streetAddress": "Equitable House, 47 King William St",
                "locality": "London",
                "postalCode": "EC4R 9AF",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Commercial Services",
                "email": "commercialservices@poolre.co.uk"
            },
            "details": {
                "url": "http://www.poolre.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-06501539",
            "name": "Business Insight Limited",
            "identifier": {
                "legalName": "Business Insight Limited",
                "scheme": "GB-COH",
                "id": "06501539"
            },
            "address": {
                "streetAddress": "Unit 2, Olympus Court, Tachbrook Park, WARWICK Warwickshire CV34 6RZ United Kingdom"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-266588",
        "name": "Pool Re Services Limited"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-98192073-1548-4732-899d-e7556ff6d71d-1",
            "status": "active",
            "date": "2024-06-05T00:00:00+01:00",
            "datePublished": "2024-07-23T11:10:01+01:00",
            "value": {
                "amount": 133904,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-06501539",
                    "name": "Business Insight Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-08-30T00:00:00+01:00",
                "endDate": "2026-08-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/524e0f76-dd96-44f0-9f8d-d7efd2f4324c",
                    "datePublished": "2024-07-23T11:10:01+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}