Award

Insurance Provision

THE EXTRACARE CHARITABLE TRUST

This public procurement record has 2 releases in its history.

AwardUpdate

10 Sep 2024 at 15:39

Award Notice
Award

29 Aug 2024 at 09:31

Award Notice
Summary of the contracting process

The ExtraCare Charitable Trust has awarded a contract for the provision of accident and health reinsurance services, valued at £2,111,598, to Royal & Sun Alliance Insurance PLC. The procurement process, identified as CON1099, falls under the industry category of Accident and Health Reinsurance Services (CPV code: 66720000) and is situated in the West Midlands, United Kingdom. The procurement method employed was a call-off from a dynamic purchasing system. The contract began on 1st June 2024 and will run until 31st May 2027, with the award date being 29th August 2024. The tendering period for the procurement closed on 11th April 2024.

This tender represents significant business growth opportunities for large-scale insurance providers specialising in reinsurance services. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) are less likely to benefit directly from this particular call-off contract, given the scale and specific requirements of the procurement. However, such contracts may still present downstream opportunities for subcontracting and collaboration, enabling smaller firms to leverage their niche expertise within the insurance supply chain.

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Notice Information

Notice Title

Insurance Provision

Notice Description

Insurance provisions through multiple insurance polices appropriate to ExtraCare

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a1d2b06b-4db1-45f6-8da1-ed8108a1c9ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/732d55f2-97e9-476b-89e2-3de464be9af0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66720000 - Accident and health reinsurance services

Notice Value(s)

Tender Value
£2,111,598 £1M-£10M
Lots Value
Not specified
Awards Value
£2,111,598 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20241 years ago
Submission Deadline
11 Apr 2024Expired
Future Notice Date
Not specified
Award Date
31 May 20241 years ago
Contract Period
31 May 2024 - 31 May 2027 2-3 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
THE EXTRACARE CHARITABLE TRUST
Contact Name
Procurement Team
Contact Email
procurement.team@extracare.org.uk
Contact Phone
Not specified

Buyer Location

Locality
COVENTRY
Postcode
CV3 2SN
Post Town
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG West Midlands (England)
Local Authority
Coventry
Electoral Ward
Wyken
Westminster Constituency
Coventry East

Supplier Information

Number of Suppliers
2
Supplier Names

ROYAL & SUN ALLIANCE INSURANCE

RSA 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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