Tender

ITT for Provision of Asset and Insurance Valuation Services

SANDWELL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The Sandwell Metropolitan Borough Council is initiating a tender for the provision of Asset and Insurance Valuation Services, with the anticipated commencement date set for 5th September 2016. This procurement falls under the financial and insurance services industry category and marks the transition into the contract period, which will last for an initial five years, potentially extendable for another year. The estimated value of this contract is £216,000, guided by historical expenditure data, and the tender period is open until 31st July 2016. Interested parties should utilise the In-tend e-Tendering System to submit their bids.

This tender presents a valuable opportunity for businesses specialising in asset and insurance valuation services, particularly those well-versed in public sector contracts. Firms equipped to deliver comprehensive financial and insurance services, including risk management and legal insurance, will find themselves aligned with the Council's requirements. Engaging in this contract can not only enhance a company’s profile in the public procurement market but also facilitate long-term growth through collaboration with local government entities and emergency services.

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Notice Information

Notice Title

ITT for Provision of Asset and Insurance Valuation Services

Notice Description

ITT for Provision of Asset and Insurance Valuation Services The Council wishes to invite interested parties ("Tenderers") to participate in a tender exercise to establish a single Contract for the Provision of Asset and Insurance Valuation Services. The suitably qualified and experienced provider of Asset and Insurance Valuation Services will be required to provide the services described below and in the Tender Specification. These services will be carried out on behalf of both Sandwell MBC and the West Midlands Fire Service. Sandwell Council is a Metropolitan Borough Council situated in the West Midlands and lies approximately six miles west of Birmingham. The Borough comprises the areas of Oldbury, Rowley Regis, Smethwick, Tipton, Wednesbury and West Bromwich. The West Midlands Fire Service operates throughout the West Midlands County covering the Metropolitan Districts of Sandwell, Dudley, Walsall and Solihull as well as the cities of Birmingham, Wolverhampton and Coventry. The Strategic Asset Management service of the Council, on behalf of Strategic Finance, Risk & Insurance Services and the West Midlands Fire Service will issue instructions for work, monitor and manage the contract following the appointment of a successful tenderer. The Council is seeking to procure an Asset Valuation and Insurance Valuation service together potentially with additional associated hourly rate based work incidental to the Council's main requirements to be provided under a single contract on behalf of Sandwell MBC and the West Midlands Fire Service. Term The Council proposes to enter into a Contract Agreement for an initial term of five (5) years with a possible extension of a further year, subject to satisfactory performance. The anticipated commencement date is 5th September 2016 Value The anticipated value of the Contract Agreement for Provision of Asset and Insurance Valuation Services is estimated is PS216,000 The value is based on historical spend data and is intended to be used as a guide only. It is given in good faith as a guide to assist you in submitting your Tender. It is not a guarantee of the level of business that will be generated and should not be interpreted as an undertaking to purchase any services to any particular value and does not form part of the Contract Agreement or any contract pursuant to it. The Council will be using the In-tend e-Tendering System for this Procurement exercise, please visit https://in-tendhost.co.uk/sandwellmbc to access the Sandwell MBC In-tend Supplier Portal. From here you will be able to register your company, express an interest in the opportunity, and gain immediate access to the ITT and other related documents. In Order To View the On-Line Questionnaire and Submit a Tender, you will be required to' Opt-In'. Please be mindful that if you are cut and pasting your question responses onto th... Additional information: https://in-tendhost.co.uk/sandwellmbc Is a Recurrent Procurement Type? : No https://in-tendhost.co.uk/sandwellmbc/aspx/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-da9e036c-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bf2a7840-9d3a-4cae-ab64-d20a4ebbe6e4
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

66000000 - Financial and insurance services

66510000 - Insurance services

66513000 - Legal insurance and all-risk insurance services

66517300 - Risk management insurance services

Notice Value(s)

Tender Value
£216,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
31 Jul 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Sep 2016 - 4 Sep 2021 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SANDWELL METROPOLITAN BOROUGH 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
WEST MIDLANDS
Postcode
B69 3DB
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG West Midlands (England)
Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

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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