Tender

Provision of Insurance Services in respect of Leasehold Properties and Equity Share / Mortgaged Properties (excluding the provision of insurance broking services)

SOUTHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Oct 2021 at 19:59

Summary of the contracting process

The procurement process is being conducted by Southampton City Council, which is seeking bids for the "Provision of Insurance Services in respect of Leasehold Properties and Equity Share/Mortgaged Properties." This tender falls under the insurance services category and is located in Southampton, England. The procurement method is an open procedure, and the tender period commenced on 18th October 2021, concluding on 17th November 2021 at 12:00 UTC. Notably, insurance coverage is expected to commence on 1st April 2022, with a total contract value of £1,700,000 over a period ending on 31st March 2027. The final date for clarification requests is 8th November 2021.

This tender presents a significant opportunity for businesses engaged in the insurance sector, particularly those that specialise in providing coverage for leasehold properties and associated liabilities. Companies that can demonstrate expertise in managing property insurance risks and offering comprehensive coverage solutions will be well-positioned to compete. The involvement of Marsh as the contracting authority's retained insurance broker indicates a professionalised procurement process, which may favour experienced providers who can meet the specific requirements set forth by Southampton City Council.

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Notice Title

Provision of Insurance Services in respect of Leasehold Properties and Equity Share / Mortgaged Properties (excluding the provision of insurance broking services)

Notice Description

Damage to Buildings, Loss of Rent and Property Owners Liability insurance cover to protect the Council's and Leaseholders' interest in the properties owned by the Council. Additional information: Cover must be in place from/commence on 1st April 2022. The tender is due to be in the market from 18.10.21 to 17.11.21. final date for clarification requests will be 08.11.2021. The tender is being managed by Marsh., the Contracting Authority's retained Insurance Broker and Risk Advisor

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9a3adec6-9d04-4a9e-8bbc-2638d2bb885f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2043c122-683f-437c-bdcd-87bf292c3614
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20214 years ago
Submission Deadline
17 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2022 - 31 Mar 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
Not specified

Local Authority
Southampton
Electoral Ward
Bargate
Westminster Constituency
Southampton Itchen

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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