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Insurance Tender (Excluding Broking Services)

London Borough of Bromley

This public procurement record has 2 releases in its history.

Award

06 Jun 2019 at 15:25

Award Notice
Tender

17 Jan 2019 at 12:18

Tender Notice
Summary of the contracting process

The London Borough of Bromley has announced a tender for the "Insurance Tender (Excluding Broking Services)" with an annual insurance cover commencing from 1 May 2019. This long-term agreement will last for a minimum of five years, with the potential for a further three-year extension at the authority's discretion. The tender is classified under financial and insurance services and covers various lots including property, fidelity guarantee, casualty, motor fleet, engineering insurance, and terrorism. The tender period ended on 8 February 2019, and the total contract value is £5,600,000. The procurement method used is an open procedure.

This procurement presents an excellent opportunity for businesses in the insurance sector to expand their market presence through participation in a significant contract with a reputable local authority. Companies specializing in diverse insurance services, including property and liability coverage, engineering insurance, and personal accident and travel insurance would be well-suited to compete. This contract may particularly attract larger firms capable of meeting the requirements of the multiple lots within the tender.

How relevant is this notice?

Notice Information

Notice Title

Insurance Tender (Excluding Broking Services)

Notice Description

The London Borough of Bromley is seeking tender submissions for annual insurance cover commencing from the 01/05/2019 under a long term agreement (LTA) for a minimum period of 5 years with the option to extend fora further 3 years at the authority's sole discretion. The following Lots are being tendered: Lot 1 - Property (Comprising General / Educational / Commercial & Industrial Properties & Works in Progress) Lot 2 - Fidelity Guarantee Lot 3 - Casualty / Liability Lot 4 - Motor Fleet & Motor ULR / Legal Expenses Lot 5 - Engineering Insurance & Inspection Lot 6 - Group Personal Accident & Travel Lot 7 - Terrorism - First Loss (A Pool Re quotation is also required under Lot 1)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c6a0d8fc-2a29-4a98-8e30-84aa67cb1128
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f0e162a0-b637-4573-b967-ef2b878a5f8d
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
Not specified
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
£5,600,000 £1M-£10M
Lots Value
Not specified
Awards Value
£5,600,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jun 20197 years ago
Submission Deadline
8 Feb 2019Expired
Future Notice Date
Not specified
Award Date
27 Mar 20197 years ago
Contract Period
1 May 2019 - 30 Apr 2024 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
London Borough of Bromley
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BROMLEY
Postcode
BR1 3UH
Postcode Area
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLJ South East (England)
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
6
Supplier Names

Travelers Ins Co Ltd

Risk Management Partners

Maven Public Sector

Zurich Municipal

Ashdale Engineering UK Ltd

Atrium Underwriting Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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