Award

Environmental Impairment Liability Insurance for the Phoenix 10 Development Project

WALSALL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

12 Sep 2022 at 09:24

Award Notice
Summary of the contracting process

The Walsall Metropolitan Borough Council has recently completed the procurement process for "Environmental Impairment Liability Insurance for the Phoenix 10 Development Project" in the services industry category. The procurement method used was a competitive procedure with negotiation, with a total contract value of £500,000. The tender period ended on 4th January 2022, and the contract period is from 28th February 2022 to 27th August 2034, benefiting businesses in the West Midlands region of the United Kingdom.

This tender presents an opportunity for insurance service providers to engage in a long-term contract with the Walsall Metropolitan Borough Council. Businesses with expertise in environmental liability insurance and experience in negotiating complex contracts would be well-suited to compete. Zurich Insurance Public Limited Company was awarded the contract for this opportunity, with a contract value of £466,312 and a contract period lasting until 2034. Contact Susan Wilson at procurement@walsall.gov.uk or 01922 654329 for more information.

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Notice Information

Notice Title

Environmental Impairment Liability Insurance for the Phoenix 10 Development Project

Notice Description

As an integral part of the Phoenix 10 Project, Walsall Council is contractually obliged to procure on behalf of itself and Homes England (HE) [jointly 'The Landowners'] and Henry Boot Developments Limited (HBD Ltd) Environmental Impairment Liability Insurance to cover the Phoenix 10 site and development for a total period of 12.5 years or for the remediation period and 10 years following remediation [via a 10-year Initial Period and extension of the period back to 10 years from completion of the remediation works - Extension Period].

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ad3ed39b-c148-40cd-a136-29eaa3235308
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9462e44-3d41-42d4-b9ee-6e50c9957564
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£466,312 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 20223 years ago
Submission Deadline
4 Jan 2022Expired
Future Notice Date
Not specified
Award Date
17 Feb 20224 years ago
Contract Period
28 Feb 2022 - 27 Aug 2034 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
WALSALL METROPOLITAN 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
WALSALL
Postcode
WS1 1TP
Post Town
Walsall
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG38 Walsall
Delivery Location
TLG West Midlands (England)
Local Authority
Walsall
Electoral Ward
St Matthew's
Westminster Constituency
Walsall and Bloxwich

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH INSURANCE PUBLIC

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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