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Insurance Services (excluding Brokers) - AWARD

University of Sunderland

This public procurement record has 1 release in its history.

Award

15 Aug 2023 at 17:48

Award Notice
Summary of the contracting process

The University of Sunderland has awarded a contract for Insurance Services to be provided by FSA authorised insurance companies or discretionary mutuals. The contract, valued between GBP £1,500,000 to £2,000,000 over 5 years, covers various types of insurance including property damage, liability, professional negligence, and more. The contract period is from August 2023 to July 2026, with possible extensions up to July 2028. Interested suppliers can register on the University of Sunderland's procurement website to express their interest, with a tender period ending on May 15, 2023.

This tender for Insurance Services from the University of Sunderland presents opportunities for insurance companies to provide a range of insurance covers as specified in the tender document. Successful bidders will have the chance to secure a long-term contract spanning multiple insurance categories. Companies specialising in insurance services, especially in property, liability, and professional negligence, would be well-suited to compete for this contract and contribute to the insurance needs of the University and its subsidiaries.

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Notice Information

Notice Title

Insurance Services (excluding Brokers) - AWARD

Notice Description

Awarded The University of Sunderland and its subsidiaries are seeking value for money insurance services from August 2023 from FSA authorised insurance companies or discretionary mutuals. Policy cover is being sought for the following lots :- Lot 1 - Property damage including: Materials, Business Interruption, Works in Progress and Money Lot 2 - Combined liability, including : Employers Liability, Public & Product Liability, Hirers Liability, Libel & Slander Lot 3 - Professional Negligence including Libel & Slander Lot 4 - Motor Fleet Lot 5 - Crime Lot 6 - Engineering Inspection Lot 7 - Management Liability Lot 8 - Computer Lot 9 - Personal Accident & Travel The cover is expected to commence August 2023 to July 2026 (with up to 2 x 1 year extensions taking it to a possible July 2028). The overall contract value is estimated at GBP PS1,500,000 to PS2,000,000 over 5 years' note there are no guarantees on spend levels. We also reserve the right to spend an additional 75% of the original anticipated value, subject to changes to requirements across the University for the duration of the award. To register your interest please visit https://in-tendhost.co.uk/universityofsunderland/aspx/Home Suppliers who make an Expression of Interest will be asked to complete a confidentiality agreement prior to the tender documents being released.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d58d812e-dbee-4837-ad81-94db221918ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/628ffc37-fb11-4d13-979a-03c5787d7620
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award 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

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66511000 - Life insurance services

66512000 - Accident and health insurance services

66512100 - Accident insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66517300 - Risk management insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20233 years ago
Submission Deadline
15 May 2023Expired
Future Notice Date
Not specified
Award Date
14 Jul 20233 years ago
Contract Period
1 Aug 2023 - 31 Jul 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Sunderland
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUNDERLAND
Postcode
SR1 3SD
Postcode Area
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
TLC North East (England)
Local Authority
Sunderland
Electoral Ward
Millfield
Westminster Constituency
Sunderland Central

Supplier Information

Number of Suppliers
5
Supplier Names

Aviva Insurance Limited

British Engineering Services Limited

CNA

RSA Insurance Group plc

Zurich Insurance Plc

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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