Tender

Corporate Insurance

WOKINGHAM BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Tender

18 Dec 2024 at 14:28

Tender

18 Dec 2024 at 13:30

Summary of the contracting process

Wokingham Borough Council is inviting bids for a corporate insurance contract covering various risk categories, including property/material damage, combined liability, motor fleet, engineering inspection, and group personal accident and travel insurance. The procurement is classified under financial and insurance services (CPV code 66000000) and is set to be conducted through an open procedure. The contract, valued at £5,250,000, is intended for services to be delivered in England, with the tender process closing on 19th February 2025 at 17:00. The contract term is scheduled to start on 30th June 2025 and continue until 1st July 2030.

This tender provides significant opportunities for businesses specializing in insurance services to expand their portfolios by partnering with a local government entity. With an open procurement method, the process is designed to encourage competition, making it well-suited for small and medium-sized enterprises (SMEs) eager to secure long-term government contracts. The comprehensive range of insurance services required presents a lucrative opportunity for insurers capable of offering diverse coverage options tailored to the needs of a public sector client like Wokingham Borough Council.

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Notice Title

Corporate Insurance

Notice Description

Insurance cover for Wokingham Borough Council: Lot 1 - Property/Material Damage Lot 2 - Combined Liability and Fidelity Guarantee/Crime Lot 3 - Motor Fleet Insurance (excluding Broker Services) Lot 4 - Engineering Inspection and Insurance (excluding Broker Services) Lot 5 - Group Personal Accident and Travel Insurance (excluding Broker Services)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a3b4a8b6-c6d8-4bbd-9234-89a907b636ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7b705202-203c-4291-8aa6-310155bf2c4a
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£5,250,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
5 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Jun 2025 - 1 Jul 2030 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
WOKINGHAM BOROUGH 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
WOKINGHAM
Postcode
RG40 1BN
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Wokingham
Electoral Ward
Emmbrook
Westminster Constituency
Wokingham

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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