Award

NCG180401T - Terrorism Insurance

NCG CORPORATION

This public procurement record has 1 release in its history.

Award

29 Aug 2018 at 08:30

Award Notice
Summary of the contracting process

NCG Corporation is conducting a tender for "NCG180401T - Terrorism Insurance," within the financial and insurance services industry category. The procurement, classified under CPV codes for insurance services, is currently at the Award stage following an Open procedure. This tender has a contract value of £256,000 and covers a contract period from 1st August 2018 to 31st July 2020. Key dates include the tender period ending on 4th June 2018, which is significant for potential respondents considering their involvement.

This procurement presents a valuable opportunity for businesses specialising in insurance services, particularly those experienced in providing legal insurance and risk management solutions. Businesses that can demonstrate expertise in underwriting terrorism insurance will be well-positioned to compete in this tender. Given the scale of the requirement, larger firms or those with substantial experience in similar contracts may find this opportunity particularly beneficial for growth and expansion within the insurance market.

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Notice Information

Notice Title

NCG180401T - Terrorism Insurance

Notice Description

This procurement opportunity was conducted in accordance with the requirements of the Public Contracts Regulations 2015 and followed the Open procedure. NCG Corporation, as the contracting authority, is required to tender their requirement to insure this risk due to the anticipated premium over the next four years, due to the merger with Lewisham Southwark College in August 2017

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dbc92205-6744-4ca7-89c7-d8a09279e6fb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d6a62c89-fd76-4c01-abd9-f77f4220d492
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
Not specified
Awardee Scale
Large

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

66513000 - Legal insurance and all-risk insurance services

Notice Value(s)

Tender Value
£256,000 £100K-£500K
Lots Value
Not specified
Awards Value
£256,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Aug 20187 years ago
Submission Deadline
4 Jun 2018Expired
Future Notice Date
Not specified
Award Date
28 Jun 20187 years ago
Contract Period
31 Jul 2018 - 31 Jul 2020 2-3 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
NCG CORPORATION
Contact Name
Noel Proudfoot
Contact Email
noel.proudfoot@ncgrp.co.uk
Contact Phone
+44 1912004091

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 7SA
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

BRIT SYNDICATES

Further Information

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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