Tender

Framework Agreement for the supply of insurance services - SIMPLE TCI

NORTHERN HOUSING CONSORTIUM

This public procurement record has 1 release in its history.

Tender

03 Oct 2020 at 07:15

Tender Notice
Summary of the contracting process

The Northern Housing Consortium is currently conducting a tender process for a Framework Agreement aimed at supplying insurance services under the SIMPLE brand for tenants living in social accommodation. This procurement, classified under the CPV code for insurance agency services, has a total contract value of £16 million. The tender period concluded on 10 June 2016, with the contract running from 1 April 2017 to 31 March 2021. The procurement method is open, ensuring a transparent process for all interested parties to engage in the bidding.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those that can develop and deliver affordable and user-friendly insurance solutions tailored to social housing tenants. Small and medium-sized enterprises (SMEs) are encouraged to participate, given their capacity to innovate and address specific tenant needs. Firms with experience in the social housing sector or those able to navigate the complexities of a changing insurance market, particularly in light of the impacts of Covid-19, will be well-positioned to compete effectively for this contract.

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Notice Information

Notice Title

Framework Agreement for the supply of insurance services - SIMPLE TCI

Notice Description

Modification Notice Original description: Insurance services (excluding Brokerage services). The scope of this framework is for the provision of an insurance provider to deliver the Northern Housing Consortium's (NHC) "SIMPLE" brand of Tenant Contents Insurance to current and future members of the NHC via our appointed brokers Marsh Ltd. The primary objective of SIMPLE is to provide tenants who live in social accommodation access to insurance services that are affordable, easy to understand and appropriate to the tenants needs. The intention is that this is provided by one supplier through portfolio underwriting. Description of the modifications We believe the justification meets the criteria of Regulation 72.1(c), and as such we have modified the contract to extend by 12 months until April 2022. We believe this to be a proportional modification based on the fact that the insurance market works on a 12 month cycle. Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances: Covid-19 has seen that engagement required in order to successfully run a procurement at this time is not possible The insurance market requires stability which can not be offered at this time because of Covid-19. Covid 19 has created unprecedented losses through the UK and the rest of the world, with insurers reacting rapidly to close down unforeseen risks. Contact Solutions@consortiumprocurement.org.uk for full detailed justification for extension.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c90f2669-cebb-47b5-acf2-0768e7c09699
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7a32bbd3-68db-4e17-aa89-bf9dbfac306e
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
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

66518200 - Insurance agency services

Notice Value(s)

Tender Value
£16,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20205 years ago
Submission Deadline
9 Jun 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2017 - 31 Mar 2021 4-5 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
NORTHERN HOUSING CONSORTIUM
Contact Name
Not specified
Contact Email
rachel.wheeler@consortiumprocurement.org.uk
Contact Phone
+441915111173

Buyer Location

Locality
SUNDERLAND
Postcode
SR5 3XB
Post Town
Sunderland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC44 Sunderland
Delivery Location
Not specified
Local Authority
Sunderland
Electoral Ward
Castle
Westminster Constituency
Washington and Gateshead South

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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