Award

HBC0524 2024 INSURANCE LOTS 1-5 - AWARD

HERTSMERE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

23 Jan 2025 at 15:07

Summary of the contracting process

Hertsmere Borough Council has completed the procurement process for multiple insurance services, as indicated by the award status dated 23rd January 2025. The procurement titled "HBC0524 2024 INSURANCE LOTS 1-5 - AWARD" covers key insurance services divided into five lots, including Liability Insurance, Property and Group PA Insurance, Motor Fleet Insurance, Engineering and Inspection Insurance, and Property Owners Insurance. The open procedure invited tenders for services across the area of East of England, with the tendering phase ending on 13th June 2024 and the contract running from 1st August 2024 to 31st July 2027, with potential extensions for certain lots. The total contract value is estimated at £2,000,000 for these insurance services categorized under CPV Code 66510000.

This tender offers substantial opportunities for businesses in the insurance sector, particularly those specialising in various facets of property, liability, motor fleet, and engineering insurance. Companies capable of providing comprehensive coverage across these areas, with strong capacity for managing diverse insurance needs, stand to benefit significantly. The awarded supplier, Zurich Insurance Company t/a Zurich Municipal, highlights the potential for well-established insurance firms to secure lucrative contracts with public sector clients. Engaging in such procurements can enhance business growth, credibility, and market presence within the public sector, creating pathways for future business expansions and collaborations.

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Notice Title

HBC0524 2024 INSURANCE LOTS 1-5 - AWARD

Notice Description

Hertsmere Borough Council is currently out to procurement for insurance cover The Requirement is split into 5 lots, and Tenderers may bid for any number of lots. Lot 1 Liability Insurance Lot 2 Property and group PA insurance Lot 3 Motor Fleet (Refuse) insurance Lot 4 Engineering and inspection insurance Lot 5 Property Owners (elstree film studios) insurance. Lots 1-4 are for a three year term with possible 1+1 year extension. Lot 5 for a one year term This procurement is an open process. Organisations wishing to take part in this project are invited to 'express an interest' and also 'opt in' which will give access to the full procurement documents in the e-tendering system. To be considered as a Tenderer you must complete and submit a Tender by the deadline of 12 noon on 3th June 2024. Please allow sufficient time to make your return, as Tender submissions cannot be uploaded and submitted after this return deadline. Please ensure that where possible documents are uploaded as a PDF and that file names are succinct. Any questions relating to this procurement must be made via correspondence on the website, in accordance with the procurement documents, and can be addressed to the main contact as shown in the details above. To access this opportunity please visit https://in-tendhost.co.uk/supplyhertfordshire/aspx/Home

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-afdd98b7-3f47-4299-9674-29edc2388b46
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/66d02159-fd3d-48e1-8b4d-5ba844a388aa
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jan 20251 years ago
Submission Deadline
13 Jun 2024Expired
Future Notice Date
Not specified
Award Date
22 Jul 20241 years ago
Contract Period
31 Jul 2024 - 31 Jul 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
HERTSMERE 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
HERTFORDSHIRE
Postcode
WD6 1WA
Post Town
Watford
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH27 South West Hertfordshire
Delivery Location
Not specified

Local Authority
Hertsmere
Electoral Ward
Borehamwood Cowley Hill
Westminster Constituency
Hertsmere

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH INSURANCE COMPANY T/A ZURICH MUNICIPAL

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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