Award

General Insurance Services (Non-Brokerage)

LONDON UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 2 releases in its history.

Award

18 Aug 2017 at 11:06

Tender

10 Mar 2017 at 10:23

Summary of the contracting process

The London Universities Purchasing Consortium is seeking tenders for General Insurance Services (Non-Brokerage) through a process initiated on 10 March 2017. This procurement, classified under the insurance services category (CPV code 66510000), is currently in the Award stage following the submission and evaluation of bids. The award contract is set to commence on 1 August 2017 and will run for three years, with the possibility of a two-year extension. Bidders had until 12 May 2017 to submit their proposals to be considered for one of the 16 lots available to 43 member institutions. The buying organisation is located in London, with additional locations for delivery that span the United Kingdom and beyond.

This tender presents significant opportunities for growth, particularly for specialised insurance companies and mutual organisations within the education sector, as Insurance Brokers are excluded from bidding. Successful bidders will need to meet stringent financial criteria, including maintaining a Standard & Poor's rating of A- or higher. Those involved in providing services such as property, liability, and engineering insurance would be particularly well-placed to compete for these contracts. The collaborative nature of the procurement also allows for participation from various regional university consortia, broadening the potential market for capable suppliers.

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Notice Title

General Insurance Services (Non-Brokerage)

Notice Description

Insurance services expected to be divided across 16 lots and required by institutions participating as Members of the London University Purchasing Consortium Insurance Group. This will require insurance provision for several areas including but not limited to: property, business interruption and money risks, employers and public liability, professional indemnity, clinical research and trials, engineering and motor fleet. The provision excludes life insurance. This agreement commencing 1.8.2017, is for a 3 year contract with the option to extend for a further 2 years and is initially on behalf of 43 Full and Associate Members of the LUPC Insurance Group, which includes Members from the neighbouring Southern Universities Purchasing Consortium (SUPC). Members of the North Eastern Universities Purchasing Consortium (NEUPC) are also permitted to participate. Links to the participating consortia including a list of current Members may be found at: LUPC http://lupc.ac.uk/list-of-members.html, SUPC http://www.supc.ac.uk/about-us/our-members/ourmembers and NEUPC http://www.neupc.ac.uk/ourmembers. The institutions involved in this agreement may be subject to change during the term of the Agreement. Two Lots, 4 (Fine Arts) and 5 (Terrorism), have not been awarded and will be re-tendered shortly. Additional information: Bids are permitted from Insurance Companies and Education Sector mutual organisations. Bids are not permitted from Insurance Brokers. Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address. Applicants may be asked for further information if the contract authority feels it is necessary. The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot(s) applied for. All bidders should hold a Standard & Poor's (or equivalent rating agency) rating of A- or better. If you do not hold a financial rating from a rating agency please provide for consideration by the contract authority, your financial statements for the past two years and documentation supporting and demonstrating your financial status and ongoing longevity. Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts, or shall be University sector mutual associations. Bidders are required to register their interest and obtain documentation, which excludes the Member specification, at https://lupc.bravosolution.co.uk/web/login.shtml Once registered, bidders will receive an encrypted USB device by post providing full details of the specification at Insurance Group Member level. Details of the password required to decrypt the data will be communicated to bidders and in order to receive this, each interested bidder must agree to our confidentiality requirements on this data. The contracts (by Lot) will be for a period of up to 5 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c1f0dd25-b0a4-4e43-afbb-08703f9ada6c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cdd891a0-93aa-4d27-8764-7420f4f21577
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20178 years ago
Submission Deadline
12 May 2017Expired
Future Notice Date
Not specified
Award Date
17 Jul 20178 years ago
Contract Period
31 Jul 2017 - 31 Jul 2020 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
LONDON UNIVERSITIES PURCHASING CONSORTIUM
Contact Name
Mike Kilner
Contact Email
m.kilner@lupc.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W1T 7NZ
Post Town
West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
4
Supplier Names

NEWLINE UNDERWRITING MANAGEMENT

NOVAE UNDERWRITING

ROYAL & SUN ALLIANCE INSURANCE GROUP

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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