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Insurance Services

Wolverhampton City Council

This public procurement record has 1 release in its history.

Award

07 Jun 2017 at 10:23

Award Notice
Summary of the contracting process

The City of Wolverhampton Council is seeking to procure insurance services, with the tender titled "Insurance Services" aimed at ensuring continuous coverage following the expiry of existing policies on 29 June 2017. The procurement is currently in the award stage and is structured under the Crown Commercial Services Insurance Services II Framework, encompassing multiple lots within the category of insurance services (CPV code 66510000). Key dates include a tender submission deadline of 21 March 2017 and a contract start date of 30 June 2017, lasting until 29 June 2022. The total estimated value of the contracts is £7.5 million, distributed across various specific insurance lines.

This tender presents lucrative opportunities for insurance firms, particularly those specialising in property, crime, casualty, and related services. Business growth can be achieved by engaging in the competitive bidding process, especially for companies that can fulfil the requirements outlined in the specified lots. Firms with expertise in areas such as commercial property insurance, motor fleet coverage, and personal accident insurance would be particularly well-suited to participate. The awarded contracts can provide a stable stream of business and a chance for collaboration with the Wolverhampton City Council and other involved parties.

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Notice Information

Notice Title

Insurance Services

Notice Description

The current insurances for the City of Wolverhampton Council are due to expire 29 June 2017 at the end of the five year long term agreement. Comparable insurance cover needs to be incepted immediately following expiry to ensure continuous cover. Arthur J Gallagher has been appointed as a broker using the Crown Commercial Services (CCS) Insurance Services II Framework (Lot 2 - Insurance Brokerage and Associated Services). A broker is required to assist in the procurement to liaise with the insurers. The procurement is run under the Crown Commercial Services (CCS) Insurance Services II Framework Lot 1 Insurance and Associated Support Service. It is split into 8 Lots: Lot 1 - Property Lot 2 - Crime/Fidelity Lot 3 - Terrorism Lot 4 - Fine Art Lot 5 - Casualty Lot 6 - Motor Fleet Lot 7 - Personal Accident/Schools Journey Lot 8 - Engineering Additional information: Lot 3 has not been awarded due to no bids received meeting the requirements. A separate quotation exercise will be undertaken.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9c069dc3-c5ce-4e32-90b8-bc4b67cb2276
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e7dc69b1-3778-45bc-a650-d612d5f067a7
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
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£7,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20179 years ago
Submission Deadline
21 Mar 2017Expired
Future Notice Date
Not specified
Award Date
5 Jun 20179 years ago
Contract Period
30 Jun 2017 - 29 Jun 2022 Over 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
Wolverhampton 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
WOLVERHAMPTON
Postcode
WV1 1RL
Postcode Area
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
4
Supplier Names

AXA Art Insurance Limited

Risk Management Partners Ltd

Travelers Insurance Company Ltd

Zurich Municipal Insurance Group

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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