Award

SBC 0623 - Procurement of Insurance Placement through YPO DPS 978

STEVENAGE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

14 Sep 2023 at 09:49

Award Notice
Summary of the contracting process

The contract for the procurement of Fleet Insurance under Lot 9 has been awarded by Stevenage Borough Council. The total contract value is £674,044 GBP, and the contract period will run from October 1, 2023, to September 30, 2026. The procurement method used was selective, with the contract being part of the services category. The tender was initiated on September 14, 2023, with a tender period ending on July 31, 2023. The contracted supplier is Risk Management Partners Ltd., based in London, England, and the main contact for the tender is procurement@stevenage.gov.uk.

This contract award represents an opportunity for businesses, especially SMEs and VCSEs, to engage in providing insurance services to public sector entities. Companies specialising in insurance services, particularly those experienced in fleet insurance, may find this tender particularly suited for competition. Given the contract period and value, successful participation in this procurement could lead to revenue growth and long-term business relationships with Stevenage Borough Council.

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Notice Information

Notice Title

SBC 0623 - Procurement of Insurance Placement through YPO DPS 978

Notice Description

Lot 9 Fleet Insurance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b508d8bc-ce95-4521-ac68-425a8c24ae51
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/87b2e6da-adea-4cff-99ef-5a79550ef639
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

66510000 - Insurance services

Notice Value(s)

Tender Value
£674,044 £500K-£1M
Lots Value
Not specified
Awards Value
£674,044 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Sep 20232 years ago
Submission Deadline
31 Jul 2023Expired
Future Notice Date
Not specified
Award Date
3 Sep 20232 years ago
Contract Period
30 Sep 2023 - 30 Sep 2026 3-4 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
STEVENAGE 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
STEVENAGE
Postcode
SG1 1HN
Post Town
Stevenage
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified
Local Authority
Stevenage
Electoral Ward
Old Town
Westminster Constituency
Stevenage

Supplier Information

Number of Suppliers
1
Supplier Name

RISK MANAGEMENT PARTNERS

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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