Award

SBC 0418 CCS Lot 1 Insurance Services RM3731 - Lot 4 Combined Liability Insurance

STEVENAGE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

22 Oct 2018 at 14:04

Summary of the contracting process

The public procurement process involves a tender for "SBC 0418 CCS Lot 1 Insurance Services RM3731 - Lot 4 Combined Liability Insurance" commissioned by Stevenage Borough Council, located in Stevenage, England. This procurement falls under the insurance services category (CPV code 66510000) and was awarded through a selective procurement method, specifically a call-off from a framework agreement. The tender period ended on 8th June 2018, while the contract commenced on 1st October 2018 and will conclude on 30th September 2021. The total contract value is £551,152.

This opportunity is well-suited for established insurance firms, particularly those with experience in providing liability insurance services to public organisations. Businesses that are able to position themselves as part of a framework agreement or have previously engaged in public sector contracts may find this an advantageous opportunity for growth, enabling them to expand their portfolio and enhance their reputation in the public sector. The successful supplier for this contract is Travelers Insurance Company Limited, suggesting that competitive bids could be focused on meeting similar service criteria.

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Notice Title

SBC 0418 CCS Lot 1 Insurance Services RM3731 - Lot 4 Combined Liability Insurance

Notice Description

SBC 0418 CCS Lot 1 Insurance Services RM3731 - Lot 4 Combined Liability Insurance

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e01c1f2a-54e8-4990-9af5-bda3df166aae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/edc44b57-d312-49be-aaaa-d953ef531e38
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£551,152 £500K-£1M
Lots Value
Not specified
Awards Value
£551,152 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
22 Oct 20187 years ago
Submission Deadline
8 Jun 2018Expired
Future Notice Date
Not specified
Award Date
1 Aug 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2021 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
STEVENAGE BOROUGH COUNCIL
Contact Name
Corporate Procurement
Contact Email
procurement@stevenage.gov.uk
Contact Phone
01438242242

Buyer Location

Locality
STEVENAGE
Postcode
SG1 1HN
Post Town
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified

Local Authority
Stevenage
Electoral Ward
Old Town
Westminster Constituency
Stevenage

Supplier Information

Number of Suppliers
1
Supplier Name

TRAVELERS INSURANCE

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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