Award

Insurance of Commercial and Industrial Properties excluding Broker Services or submissions via Broker

WOKINGHAM BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

21 Jun 2021 at 11:57

Award Notice
Tender

08 Feb 2021 at 12:44

Tender Notice
Summary of the contracting process

The Wokingham Borough Council has recently awarded a contract for the insurance of commercial and industrial properties, excluding broker services or submissions via brokers. This procurement, classified under property insurance services, was initiated through an open procedure. The tender period officially closed on 22nd March 2021, after which the contract commenced on 13th May 2021 and will remain in effect until 30th June 2024. The overall contract value amounts to £500,000, with the awarded contract total being £300,000.

This contract presents significant opportunities for businesses specialising in property insurance services, particularly those with the capacity to deliver large-scale insurance coverage. Companies offering risk management, property consulting, and claims handling services would be well-suited to participate in future tenders within this framework. Engaging with the Wokingham Borough Council could also facilitate long-term partnerships and contribute to the growth of service-oriented firms aimed at the public sector.

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Notice Information

Notice Title

Insurance of Commercial and Industrial Properties excluding Broker Services or submissions via Broker

Notice Description

Insurance of Commercial and Industrial Properties excluding Broker Services or submissions via Broker.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dd6d2ad3-2c4a-4c1b-bce3-169ef86e0e2f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e9091140-0c46-4607-b8f3-171b685a5bc7
Current Stage
Award
All Stages
Tender, 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

66515200 - Property insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jun 20214 years ago
Submission Deadline
22 Mar 2021Expired
Future Notice Date
Not specified
Award Date
20 Jun 20214 years ago
Contract Period
30 Jun 2021 - 30 Jun 2024 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
WOKINGHAM BOROUGH COUNCIL
Contact Name
Valentina Z Velcheva
Contact Email
valentina.velcheva@wokingham.gov.uk
Contact Phone
+44 7730320959

Buyer Location

Locality
WOKINGHAM
Postcode
RG40 1BN
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Wokingham
Electoral Ward
Emmbrook
Westminster Constituency
Wokingham

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR FORSIKRING

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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