Tender

Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

CORPORATION OF TRINITY HOUSE

This public procurement record has 1 release in its history.

Tender

16 Oct 2024 at 11:25

Tender Notice
Summary of the contracting process

The Corporation of Trinity House, representing itself and other General Lighthouse Authorities (GLAs) of the United Kingdom and the Republic of Ireland, has initiated a tender for the "Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)" under the industry category of Insurance brokerage services (CPV 66518100). This open procedure invites proposals for managing various insurance requirements from 2025 to 2028, with potential extensions to 2030. The deadline for tender submission is 15th November 2024, and the contract is set to begin on 20th February 2025, covering regions including the British Overseas Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom. The contract, valued at £7,900,000 GBP, will be a fixed-price brokerage contract with a possibility of extension based on performance.

This tender provides an excellent opportunity for businesses, particularly small and medium-sized enterprises (SMEs), that specialise in insurance brokerage services to establish or expand their portfolio within the public sector. Companies with expertise in managing protection and indemnity as well as war risk insurances will find this tender especially relevant. The successful bidder will gain substantial exposure and experience, providing tailored insurance solutions to a prestigious institution like the Corporation of Trinity House. This contract’s extensive geographic and financial scope further ensures a significant business growth potential for the winning firm.

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Notice Information

Notice Title

Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

Notice Description

The Corporation of Trinity House on behalf of itself and the other General Lighthouse Authorities (GLAs) of the United Kingdom and The Republic of Ireland invites potential tenderers to submit a proposal for the brokerage, provision and management of insurance requirements for the GLAs between 2025 - 2028, with possible extensions to 2030. This will require the successful tenderer to place, and thereafter manage, the GLAs' protection and indemnity and war risk insurance requirements, as described in the General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances from 20th February 2025 and the other insurances as described in the register from 1st April 2025. The General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances will be included as an annex to the Invitation to Tender. It is anticipated that the tender will result in a fixed price brokerage contract for three years, with an option to extend the contract for a further period of 12 months and a subsequent 12 months thereafter, at the GLAs' sole discretion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c75117b1-522c-48f2-af02-5c3e7495b9f5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c4cefefb-c290-4cde-837f-14d6dd5b0565
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
Tender Suitability
SME
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
£7,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Oct 20241 years ago
Submission Deadline
15 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
20 Feb 2025 - 31 Mar 2030 Over 5 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
CORPORATION OF TRINITY HOUSE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC3N 4DH
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
Not specified
Local Authority
City of London
Electoral Ward
Tower
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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