Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Further Competition under Insurance Placement DPS 978 for NCG Corporation and their appointed Insurance Broker - A.J. Gallagher

Yorkshire Purchasing Organisation

This public procurement record has 1 release in its history.

Award

24 Aug 2022 at 08:12

Award Notice
Summary of the contracting process

The Yorkshire Purchasing Organisation has awarded a contract to Zurich Municipal, Risk Management Partners, and Alesco Risk Management Services Ltd for insurance services. The tender, titled "Further Competition under Insurance Placement DPS 978 for NCG Corporation and their appointed Insurance Broker - A.J. Gallagher," falls under the financial and insurance services category. The procurement method was selective, with a total contract value of £4,076,459.22. The contract period runs from August 1, 2022, to July 31, 2028, creating opportunities for SMEs and VCSEs in the services industry.

The tender process for insurance services by NCG Corporation sought bidders through a dynamic purchasing system, with a tender period ending on May 12, 2022. Businesses in the United Kingdom can compete for this contract that spans multiple insurance lots. The contracting authority, NCG Corporation, aims to establish a long-term agreement for up to 6 years with successful bidders. The procurement marks a significant opportunity for insurance service providers to engage with Yorkshire Purchasing Organisation and expand their operations in the insurance industry.

How relevant is this notice?

Notice Information

Notice Title

Further Competition under Insurance Placement DPS 978 for NCG Corporation and their appointed Insurance Broker - A.J. Gallagher

Notice Description

NCG Corporation, as the Contracting Authority, is required to tender their requirement to insure their risk(s) due to the ending of an existing Long-Term Agreement ("LTA") with its incumbent insurers. A Procurement is being carried out under the Yorkshire Purchasing Organisation's Insurance Placement Dynamic Purchasing System (hereon in referred to as the YPO DPS), to assist NCG, the Contracting Authority, in deciding which Bidder should be awarded the Contract(s). The Contract has been divided into eight lots by type of insurance cover. Additional information: NCG proposes to enter into one or more Contract(s) under a long-term agreement for an initial period of three (3) years (with the option to extend the long-term agreement for a period or periods up to an additional three (3) years) with the successful Bidder(s). Lot 5 & 8 - The contract/lot is not awarded No tenders or requests to participate were received or all were rejected

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a9385e5a-97e2-4ded-972c-e72d306aa0a2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8814f7c7-aae3-43cb-9051-2846541544de
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
SME, 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
£4,076,459 £1M-£10M
Lots Value
Not specified
Awards Value
£4,076,459 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Aug 20224 years ago
Submission Deadline
12 May 2022Expired
Future Notice Date
Not specified
Award Date
16 Jun 20224 years ago
Contract Period
1 Aug 2022 - 31 Jul 2028 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
Yorkshire Purchasing Organisation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 7SA
Postcode Area
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
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
3
Supplier Names

Alesco Risk Management Services Ltd

Risk Management Partners

Zurich Municipal

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...