Tender

Property insurances

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Tender

01 Mar 2022 at 14:01

Tender Notice
Summary of the contracting process

The University of Bristol is currently seeking tenders for property insurance services with a total estimated value of £2,500,000. The procurement is classified under the CPV code for insurance services and is being conducted using a selective procurement method with competitive negotiation. The tendering process is active, with a deadline for submissions set for 6th April 2022. The successful contract is expected to commence on 1st August 2022 and may be awarded for an extended period of three years, with options for single years plus extensions.

This tender presents an excellent opportunity for insurance providers, particularly those specialising in property and fire insurance, to expand their clientele by partnering with a prestigious institution such as the University of Bristol. Companies capable of offering layered coverage with multiple insurers could have a competitive edge, given the university's preference for a sustainable long-term agreement. Insurers who can demonstrate flexibility and experience in cooperative negotiations will find this procurement appealing.

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Notice Information

Notice Title

Property insurances

Notice Description

The University of Bristol is seeking to secure property insurances. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 3 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2022 or for a single years plus 2 extension options for a further year. Additional information: This tender process for the University of Bristol is being managed by Arthur J. Gallagher insurance Brokers Ltd

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c362b135-3830-43c1-9dec-26345be6edf2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/88e7b143-9f66-4f61-b011-54386dbe968f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Mar 20223 years ago
Submission Deadline
6 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF BRISTOL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN1 1GW
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLK South West (England)
Local Authority
Swindon
Electoral Ward
Central
Westminster Constituency
Swindon South

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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