Award

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

04 Apr 2023 at 10:32

Summary of the contracting process

The Hampshire County Council has awarded a contract for the provision of Casualty Excess Layer Insurance through a Single Tender Action procurement method. The contract, titled "The Provision of Insurance - Casualty Insurance - Excess Layer 4 (£50m over £125m)", is valued at £35,112 GBP. The procurement process started on March 27, 2023, with a tender period ending on the same day. The contract period will run from April 1, 2023, to March 31, 2024. The buying organisation is the Hampshire County Council located in Winchester, England, and the procurement falls under the services category.

This contracting opportunity with Hampshire County Council can benefit insurance companies or brokers specializing in liability insurance services. The contract provides an opportunity for business growth by securing a significant insurance contract with a public sector authority. Businesses with expertise in casualty excess layer insurance and a track record in providing insurance solutions for public entities would be well-suited to compete in this procurement process for the specified insurance services.

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Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

Notice Description

Casualty Excess Layer Insurance is a commercial Insurance Policy purchased to increase Hampshire County Council's limits of liability over the primary insurance cover of PS50million, to provide appropriate indemnity for the County Council's risks. This insurance is on a Combined Liability basis and consists of Public and Products Liability, and Pollution Liability and provides insurance against third party claims for injury, damage to property and financial loss arising from activities as a County Council. This includes claims against the County Council arising from the use of the Highways.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c78c44a6-d84c-4394-8d59-805212599192
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d0b32239-8c11-48fe-a15e-1698831714f8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516000 - Liability insurance services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
£35,112 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Apr 20233 years ago
Submission Deadline
27 Mar 2023Expired
Future Notice Date
Not specified
Award Date
27 Mar 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2024 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8ZB
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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