Award

CONTRACT FOR THE PROVISION OF PROPERTY INSURANCE PACKAGE, COMBINED LIABILITY & FIDELITY GUARANTEE, MOTOR FLEET INSURANCE, BALTIC - PROPERTY OWNERS INSURANCE, SAGE - MATERIAL DAMAGE INSURANCE & ENGINEERING INSPECTION AND INSURANCE

GATESHEAD COUNCIL

This public procurement record has 2 releases in its history.

Award

02 Feb 2022 at 14:15

Tender

25 Oct 2021 at 10:46

Summary of the contracting process

Gateshead Council is seeking qualified insurance providers for a comprehensive insurance package, which includes property insurance, liability guarantees, motor fleet insurance, and engineering inspections, through an open procurement process. The tender, identified as DN575932, involves a total contract value of £23,670,000 and has a contract period commencing on 1 February 2022, lasting until 31 January 2025. The deadline for submission of expressions of interest was on 22 November 2021, and the contract has been awarded to multiple suppliers, with published notices available for reference.

This contract offers significant opportunities for businesses specialising in financial and insurance services, particularly those that are capable of handling various insurance lots specified by Gateshead Council. Given that only suitably qualified companies, specifically not brokers, can participate, this tender is particularly suited for large insurance firms or established companies with experience in handling public sector insurance contracts. Additionally, businesses in the voluntary and community sector (VCSE) are encouraged to compete, enhancing their chances of growth through public sector engagements.

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How relevant is this notice?

Notice Title

CONTRACT FOR THE PROVISION OF PROPERTY INSURANCE PACKAGE, COMBINED LIABILITY & FIDELITY GUARANTEE, MOTOR FLEET INSURANCE, BALTIC - PROPERTY OWNERS INSURANCE, SAGE - MATERIAL DAMAGE INSURANCE & ENGINEERING INSPECTION AND INSURANCE

Notice Description

Gateshead Council require suitably qualified and experience insurance companies (NOT BROKERS) to provide Insurance in the following: Lot 1: Property Insurance Combined Lot 2: Combined Liability & Fidelity Guarantee Lot 3: Motor Fleet Lot 4: Baltic - Property Owners Lot 5: Sage - Material Damage Lot 6: Engineering Inspection and Insurance Suitably qualified Companies are invited to submit responses for 1 or more Lots. All documents available at https://procontract.due-north.com/ProjectManagement/ProjectDashboard?projectId=52232529-3f2c-ec11-810e-005056b64545 Search for DN575932

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9a8af433-452c-4095-a553-83dcff748bb1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/db784efe-f35c-4560-9440-1b96414218b2
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
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£23,670,000 £10M-£100M
Lots Value
Not specified
Awards Value
£915,543 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20224 years ago
Submission Deadline
22 Nov 2021Expired
Future Notice Date
Not specified
Award Date
10 Jan 20224 years ago
Contract Period
1 Feb 2022 - 31 Jan 2025 3-4 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
GATESHEAD 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
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
4
Supplier Names

PROTECTOR FORSIKRING

RISK MANAGEMENT PARTNERS

TRAVELERS INSURANCE

ZURICH MUNICIPAL

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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