Award

Further Competition Under Insurance Placement DPS 978 for Cherwell District Council and their appointed Insurance Broker - Marsh

YORKSHIRE PURCHASING ORGANISATION

This public procurement record has 2 releases in its history.

AwardUpdate

07 May 2024 at 09:47

Award Notice
Award

16 Jun 2023 at 09:53

Award Notice
Summary of the contracting process

The Yorkshire Purchasing Organisation has awarded a contract for the Further Competition Under Insurance Placement DPS 978 to Travelers Ins Co Ltd and Zurich Municipal. The contract, valued at GBP 1,383,976.29, falls under the services category. The procurement method used was selective, calling off from a dynamic purchasing system. The contract period runs from April 1, 2023, to March 31, 2028. The award was made on March 16, 2023, with Travelers Ins Co Ltd securing Lot 1, Lot 2, Lot 3, and Lot 5, while Zurich Municipal secured Lot 4. This provides an opportunity for SMEs and VCSEs interested in financial and insurance services.

The award for the contract with a total value of GBP 1,383,976.29 offers opportunities for businesses in financial and insurance services to participate in the Yorkshire Purchasing Organisation's Further Competition Under Insurance Placement DPS 978. The procurement method was selective, and the contract period spans from April 1, 2023, to March 31, 2028. Travelers Ins Co Ltd and Zurich Municipal were the successful bidders, with Travelers Ins Co Ltd securing multiple lots related to material damage, combined liability, motor, and fidelity guarantee, while Zurich Municipal won the engineering inspection and insurance lot. This tender is suitable for businesses looking to provide these specialised services within the financial and insurance sector.

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Notice Information

Notice Title

Further Competition Under Insurance Placement DPS 978 for Cherwell District Council and their appointed Insurance Broker - Marsh

Notice Description

Further Competition Under Insurance Placement DPS 978 for Cherwell District Council and their appointed Insurance Broker - Marsh

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c440cf13-69f0-4f83-adaa-73e9076e66bf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fdba1ace-2492-4ecd-8b35-8e367684d639
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,458,654 £1M-£10M
Lots Value
Not specified
Awards Value
£2,842,630 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 May 20241 years ago
Submission Deadline
6 Feb 2023Expired
Future Notice Date
Not specified
Award Date
16 Mar 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2028 Over 5 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
YORKSHIRE PURCHASING ORGANISATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BANBURY
Postcode
OX15 4AA
Post Town
Oxford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
Not specified
Local Authority
Cherwell
Electoral Ward
Adderbury, Bloxham and Bodicote
Westminster Constituency
Banbury

Supplier Information

Number of Suppliers
2
Supplier Names

TRAVELERS INS

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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