Award

W612 - Fine Art Insurance Contract Extension

DERBY CITY COUNCIL

This public procurement record has 1 release in its history.

Award

02 Sep 2025 at 15:06

Summary of the contracting process

Derby City Council has completed a direct award procurement process for the extension of its Fine Art Insurance policy, valued at £50,964.38. The contract, awarded to AXA XL Art Insurance, aims to align the policy with the renewal dates of the council's other insurance arrangements. This procurement falls under the services category, specifically insurance services, and is classified under CPV code 66510000. The coverage is pertinent to the East Midlands region of the United Kingdom and spans a contract period from 1st April 2025 to 31st March 2026. The award stage was completed with active status as of 31st March 2025.

This tender offers strategic growth opportunities for large businesses specialising in insurance services, especially those with a focus on art insurance. Although the tender's suitability does not explicitly favour small or voluntary community and social enterprises, established firms in the insurance industry could leverage this contract to reinforce their presence in public sector markets. The structured renewal timeline could provide a stable revenue stream aligned with public sector fiscal cycles. Engaging in such contracts can enhance a company's portfolio, offering a chance to demonstrate reliability and capability in managing significant insurance responsibilities.

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Notice Title

W612 - Fine Art Insurance Contract Extension

Notice Description

This Waiver is for the contract extension for our Fine Art Insurance policy. This will bring the policy in line with the renewal date of our other insurance policies and allow us to complete this years tender process collectively.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d3e2a35b-7415-4709-b70d-adebe748267b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/38d6b2b4-2573-4ffa-b0ce-df9bc3daf551
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£50,964 Under £100K
Lots Value
Not specified
Awards Value
£50,964 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Sep 20255 months ago
Submission Deadline
31 Mar 2025Expired
Future Notice Date
Not specified
Award Date
30 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DERBY CITY 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
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)

Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AXA XL ART INSURANCE

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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