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Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Yorkshire Purchasing Organisation

This public procurement record has 1 release in its history.

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12 Oct 2021 at 13:26

Award Notice
Summary of the contracting process

The procurement process titled "Further competition under Insurance Placement DPS 978" has been initiated by the Yorkshire Purchasing Organisation on behalf of Worcestershire County Council. This process is designed to tender a comprehensive insurance portfolio, including policies for Material Damage, Motor, and Travel insurance, ahead of the current agreements expiring. The tender was formally completed on 23rd July 2021, with contracts commencing from 29th September 2021 and running until 28th September 2028. As part of the selective procurement method, it adheres to the Public Contracts Regulations 2015, and the total value of the contracts awarded is approximately £1,417,985.63 in GBP, aligning with services in the insurance sector.

This tender presents significant opportunities for businesses within the insurance services industry, particularly for those specialising in various insurance types, including motor, fidelity guarantee, and material damage policies. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, leveraging their expertise to meet the contractual requirements. The competitive nature of this procurement may benefit businesses looking to expand their portfolio and client base within the public sector, enabling them to establish long-term relationships with local authorities and councils.

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Notice Information

Notice Title

Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Material Damage, Computers, Contract Works, Money, All Risks, Fidelity Guarantee, Motor, Personal Accident & Travel excluding broker services and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 29th September 2021. This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d952f1f7-a1e5-441f-8352-d7a81bd8c08a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f375282b-8f61-4543-9047-7061b1d2daec
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,417,985 £1M-£10M
Lots Value
Not specified
Awards Value
£1,417,985 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Oct 20214 years ago
Submission Deadline
23 Jul 2021Expired
Future Notice Date
Not specified
Award Date
10 Sep 20214 years ago
Contract Period
29 Sep 2021 - 28 Sep 2028 Over 5 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
Yorkshire Purchasing Organisation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WORCESTER
Postcode
WR5 2NP
Postcode Area
Worcester
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
Delivery Location
Not specified
Local Authority
Worcester
Electoral Ward
Nunnery
Westminster Constituency
Worcester

Supplier Information

Number of Suppliers
3
Supplier Names

Maven Public Sector

Zurich Municipal

Volante International Ltd T/A Edison Motor

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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