Tender

Third Party Administrator to manage liability claims, on behalf of Rutherford Indemnity Ltd and the Nuclear Decommissioning Authority (NDA)

CTM PORTAL FOR THE NDA SHARED SERVICES ALLIANCE

This public procurement record has 2 releases in its history.

TenderAmendment

09 Sep 2020 at 06:50

Tender

26 Aug 2020 at 16:01

Summary of the contracting process

The CTM Portal for the NDA Shared Services Alliance is seeking a third-party administrator to manage liability claims on behalf of Rutherford Indemnity Ltd and the Nuclear Decommissioning Authority (NDA). This procurement falls under the financial and insurance services category and is currently in the Tender stage, with submissions accepted until 25 September 2020. The estimated value of the contract is £500,000, with a minimum value of £250,000. The contract period is expected to run from 1 December 2020 to 30 November 2025, and the procurement is being conducted through an open procedure, which allows for any business to submit a proposal.

This tender presents significant opportunities for businesses involved in claims management and administration services, particularly those capable of handling complex liability claims in the nuclear sector. Small and medium-sized enterprises (SMEs) may find this an advantageous opportunity to secure a contract with a prominent organisation in the UK, promoting growth and potentially expanding their operations within the financial service sector. Businesses with expertise in regulatory compliance, risk management, and claims processing will be well-suited to compete for this contract.

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Notice Title

Third Party Administrator to manage liability claims, on behalf of Rutherford Indemnity Ltd and the Nuclear Decommissioning Authority (NDA)

Notice Description

To ensure that the Nuclear Decommissioning Authority (NDA) and Rutherford Indemnity Ltd (its captive insurer which insures nuclear liability risk) are prepared to operationally respond to "off-site" and transportation liability claims events, Rutherford have engaged the services of Marsh Ltd to create a Claims Management Plan ("the Plan"). The Plan is structured around an operating model consisting of three components One of the requirements of the Plan is to contract with an independent provider of third party administration and claims management services. Please note the estimated annual value is based on Peace Time. The NDA provides no guarantee of expenditure and the estimated value is indicative only

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c97b3e71-c62e-4edb-b83a-47d0541eea54
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3fa12743-b4dd-4905-a9d9-c5a834f72495
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Sep 20205 years ago
Submission Deadline
25 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2020 - 30 Nov 2025 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CTM PORTAL FOR THE NDA SHARED SERVICES ALLIANCE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MOOR ROW
Postcode
CA24 3HU
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified

Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

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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