Award

WP3862A - Insurance and Claims Handling Services - AWARD

WALSALL COUNCIL E-TENDERING

This public procurement record has 2 releases in its history.

AwardUpdate

14 Feb 2023 at 15:04

Award

14 Feb 2023 at 14:48

Summary of the contracting process

The Walsall Council e-Tendering has awarded a contract for Insurance and Claims Handling Services. The services cover various insurance types such as Property & Pecuniary Insurance, Commercial/Industrial, Liability, and more. The procurement method used was a mini-competition under the YPO Insurance Placement DPS 978 framework. The contract has a total value of £4,000,000, with a contract period starting on April 1, 2023, and ending on March 31, 2026.

This tender presents an opportunity for businesses in the financial and insurance services sector to provide Insurance and Claims Handling Services to the Walsall Council. Companies specialising in insurance services, risk management, and related fields are well-suited to compete for this opportunity. The Council is looking to appoint suppliers for individual lots within the contract and is open to bids from SMEs. The procurement process involves a selective approach with a focus on restricted procedures to ensure effective supplier selection.

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Notice Title

WP3862A - Insurance and Claims Handling Services - AWARD

Notice Description

The Council wishes to purchase Insurance and Claims Handling Services. The Services have been divided into Lots and Bidders are invited to bid for all or any of the following Lots: 1. Property & Pecuniary Insurance 2. Commercial/Industrial 3. Combined Liability 4. Crime 5. Personal Accident/Travel including Youth services and Schools Activities/Journeys 6. Motor Fleet - Comprehensive 7. Engineering 8. Computers The Council is looking to appoint one supplier per Lot for this contract, suppliers may bid for and be awarded more than one Lot. In accordance with the requirements of the Public Contracts Regulations 2015, the procurement process being used is a mini-competition under YPO Insurance Placement DPS 978. Gallagher will be supporting the Council as technical advisor throughout the process with all evaluation being under complete control of the Council. Insurance Service Agreement (ISA(B)) Gallagher have an Insurance Services Agreement in place whereby in exchanged for providing additional continued support to Insurers to enable them to successfully underwrite and manage a risk throughout the period of the contract. Following placement, insurers agree to pay Gallagher 3.5% of the total annual premium spend in exchange for those additional services provided. This is with the exception of Zurich Municipal who are a direct deal insurer and so do not provide ISA payments. YPO will also be payable at 0.50% Insurance Services Brokerage for use and placement of cover.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b644e6b0-3b36-4758-a4c6-96a5615177ac
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/162dac60-90f7-480b-bbf6-807c3e7c2157
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
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

66510000 - Insurance services

66516000 - Liability insurance services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Feb 20233 years ago
Submission Deadline
2 Dec 2022Expired
Future Notice Date
Not specified
Award Date
14 Feb 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2026 3-4 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
WALSALL COUNCIL E-TENDERING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WEST MIDLANDS
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
3
Supplier Names

BRITISH ENGINEERING SERVICES

RISK MANAGEMENT PARTNERS

ZURICH MUNICIPAL

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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