Award

Insurance Services 2021 (Excluding Brokerage) - AWARD

THE UNIVERSITY OF NOTTINGHAM

This public procurement record has 1 release in its history.

Award

20 Jul 2021 at 13:59

Award Notice
Summary of the contracting process

The University of Nottingham has completed the award of a tender titled "Insurance Services 2021 (Excluding Brokerage)". The procurement, classified under the industry category of insurance services, has been conducted through an open procedure. The contract, valued at £6.5 million, covers various insurance policies including property, liability, motor, personal accident, and travel insurance. The contract period is set to commence on 1st August 2021 and runs until 1st July 2022. The tender was open for bids until 11th May 2021, with the award decision published on 20th July 2021.

This tender presents significant opportunities for profit-driven businesses, particularly those specialised in various forms of insurance services, as multiple policies are available under separate lots. Companies with expertise in property, liability, motor, personal accident, and travel insurance are especially well-suited to compete for this contract. The involvement of major insurers such as Allianz Insurance plc, Chubb European Group Limited, and Zurich Municipal indicates a competitive environment where smaller and innovative insurance firms can differentiate themselves and potentially secure contracts through tailored offerings and competitive pricing.

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Notice Information

Notice Title

Insurance Services 2021 (Excluding Brokerage) - AWARD

Notice Description

Insurance services 2021 - The University of Nottingham is requesting bids for its Property, Liability, Motor, Personal Accident and Travel and Computer Insurance policies. Each policy is a separate lot and insurers may bid for policies individually. Bids are welcome from insurers and mutual organisations (including discretionary mutuals). All bids must comply with the tender requirements

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c10329dc-af2f-4cf8-b0cf-0c9fdfd9f563
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1278eac2-aa61-44f9-8f2c-ac52745db808
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£6,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,104,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20214 years ago
Submission Deadline
11 May 2021Expired
Future Notice Date
Not specified
Award Date
12 Jul 20214 years ago
Contract Period
31 Jul 2021 - 1 Jul 2022 6-12 months
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
THE UNIVERSITY OF NOTTINGHAM
Contact Name
Leanne Bryant
Contact Email
bbzlsb@exmail.nottingham.ac.uk
Contact Phone
01159513635

Buyer Location

Locality
NOTTINGHAMSHIRE
Postcode
NG7 2RN
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
Not specified
Local Authority
Nottingham
Electoral Ward
Radford
Westminster Constituency
Nottingham South

Supplier Information

Number of Suppliers
4
Supplier Names

ALLIANZ INSURANCE

CHUBB EUROPEAN GROUP

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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