Tender

Insurance Brokerage and related Services

FSCS

This public procurement record has 1 release in its history.

Tender

12 Oct 2018 at 15:51

Tender Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is seeking to appoint a broker for "Insurance Brokerage and related Services". This tender falls under the services procurement category and aims to cover various insurance policies including Professional Indemnity and Public Liability. The process is currently in the active tender stage, with submissions due by 9th November 2018. The contract period is set to commence on 1st January 2019 and will run until 31st December 2021. The delivery address for the related services is located in London, United Kingdom, and the procurement method utilised is an open procedure below threshold.

This tender presents significant growth opportunities for businesses specialising in insurance brokerage services, especially those with experience in public sector engagements. Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs) are particularly encouraged to apply, as the FSCS seeks to establish strong relationships with knowledgeable brokers who can effectively manage its insurance needs. Engaging in this tender could enhance market presence for competitive firms and provide fruitful partnerships within the public sector.

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Notice Information

Notice Title

Insurance Brokerage and related Services

Notice Description

The FSCS is seeking to appoint a broker with requisite subject matter and market knowledge of the insurance services sector to lead in placing its insurance policies with insurance providers. The broker must have experience of placing insurance cover for public sector organisations to include leading in negotiating and advising the FSCS on all insurance arrangements. The broker will be responsible for management of relationships with all of FSCS' insurance policy providers on behalf of FSCS The FSCS requires cover to be placed across a range of insurance policies to include: - Professional Indemnity - Directors and Officers Insurance - Pension Trustee Liability - Personal Accident/Business Travel - General Contents - Building -Tenants Improvements only - Business Interruption (increased cost of working) - Crime - Employers Liability - Public Liability - Computer Additional information: Access to ITT documents is by visiting the FSCS tendering portal and expressing an interest. The link to the tendering portal is provided below https://fscs.bravosolution.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c4ece22a-bd83-491b-9eaa-0c7f51afd20b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0cb5a882-1aae-4d5b-ab04-1ae3cd1d6f27
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

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

Notice Dates

Publication Date
12 Oct 20187 years ago
Submission Deadline
9 Nov 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2019 - 31 Dec 2021 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
FSCS
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

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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