Tender

Barrow Borough Council - Insurance

BARROW IN FURNESS BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

12 Jun 2019 at 08:13

Summary of the contracting process

The Barrow in Furness Borough Council is initiating a tender for Insurance Services, specifically excluding broker services, from the insurance industry. This procurement, classified under CPV code 66510000 (Insurance services), is set within the North West region of the United Kingdom. The tender includes three distinct lots covering Property, Liability, and Personal Accident/Travel insurance, with the submission deadline on 8th July 2019. The contract, lasting for seven years starting 1st October 2019, is procured through an open procedure, allowing various suppliers to participate in the bidding process.

This opportunity presents significant growth potential for businesses in the insurance sector, particularly those with expertise in the specified areas of coverage. Firms capable of demonstrating compliance with regulatory standards and providing evidence of financial stability, such as an "A-" rating from Standard and Poor's, will be well-positioned to compete. Additionally, businesses that can showcase a solid track record in managing risks and meeting professional qualifications for their staff are encouraged to apply, thus fostering competitive advantage in this tendering process.

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Notice Title

Barrow Borough Council - Insurance

Notice Description

Barrow-in-Furness Borough Council is looking to contract with a supplier(s) to provide Insurance Services excluding Broker services. Negotiated Tender split into 3 separate lots: Lot 1. Property - Material Damage, Business Interruption, Contract Works, Money, Computers and Specified all Risks. Lot 2. Liability - EL, PL, OI (including land charges and public health), Fidelity Guarantee, and Motor Fleet. Lot 3. Personal Accident/Travel. Suppliers can bid for multiple lots, as the Tender information will show. We are keeping this in a single ITT workflow rather than breaking it up into separate lots, if you can make clear in the tender documents the Lot(s) you are tendering for. The tender is for a 7 year contract with no option to extend. Insurers will be authorised to write the classes of insurance listed within the EU Member States subject to English/Welsh Law and jurisdiction of the English/Welsh courts. Potential suppliers may be asked to produce a certificate issued by the appropriate insurance regulatory authority indicating the types of insurance the insurer is authorised to provide and must comply with Departments of Trade and Industry Regulations. Potential 5/6 suppliers may be asked to produce a copy of their annual reports and accounts for the last 3 years, name and address of bankers, details of last 3 years underwriting experience for the classes of business referred to in this notice. All insurers must provide evidence that they are at least "A-" rated by Standard and Poor's (or equivalent) and/or approved by JLT Market Security Committee, otherwise their submission will be automatically rejected. Details of membership of any professional body or association and education/Professional qualifications/ experience of all staff providing the services, and evidence of risk management capabilities. Please see the invitation to tender (ITT) for more details.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-da6da6d5-4f31-4975-b8f8-a9cd3ee411bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aae51893-9e3d-4efe-bd43-5812fafb2f70
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
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jun 20196 years ago
Submission Deadline
8 Jul 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2019 - 1 Oct 2026 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
BARROW IN FURNESS BOROUGH COUNCIL
Contact Name
Jamie Muir
Contact Email
jmuir@barrowbc.gov.uk
Contact Phone
+44 1229876410

Buyer Location

Locality
BARROW IN FURNESS
Postcode
LA14 2LD
Post Town
Lancaster
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD14 Westmorland and Furness
Delivery Location
TLD North West (England)

Local Authority
Westmorland and Furness
Electoral Ward
Old Barrow and Hindpool
Westminster Constituency
Barrow and Furness

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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