Award

Provision of Insurance Broker Services

ACTION FOR CHILDREN

This public procurement record has 1 release in its history.

Award

25 Oct 2024 at 08:47

Summary of the contracting process

Action For Children has completed the procurement process for the provision of insurance broker services, classified under CPV codes 66518000 and 66518100. The awarded contract, valued at £180,000, was given to Griffiths & Armour on 20th August 2024. The procurement followed an open procedure, ensuring transparency and accessibility for potential bidders. The contract period commences on 1st October 2024 and terminates on 30th September 2029, encompassing a widespread geographical area including British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. This process has moved through the award stage as of the 25th October 2024.

This tender presents substantial opportunities for growth within insurance brokerage and agency services. Businesses specialising in these areas, especially those capable of providing extensive coverage across multiple regions, would find this contract particularly advantageous. Although the suitability criteria did not prioritise SMEs or VCSEs, large scale brokers like Griffiths & Armour, with the capacity to manage comprehensive insurance portfolios, are well-suited to compete in such tenders. Firms looking to expand their footprint into broader geographical markets and establish long-term partnerships with reputable organisations like Action For Children will find this procurement particularly beneficial.

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Notice Title

Provision of Insurance Broker Services

Notice Description

Provision of Insurance Broker Services as stated in ITT

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e1371bb1-63a4-4de2-866c-9179738b7738
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2e72486e-82b5-44ca-aee6-efb64f93f286
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

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£180,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Oct 20241 years ago
Submission Deadline
25 Jun 2024Expired
Future Notice Date
Not specified
Award Date
19 Aug 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2027 2-3 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
ACTION FOR CHILDREN
Contact Name
Procurement
Contact Email
procurement@actionforchildren.org.uk
Contact Phone
+44 01923361605

Buyer Location

Locality
WATFORD
Postcode
WD18 8AG
Post Town
Watford
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH27 South West Hertfordshire
Delivery Location
Not specified

Local Authority
Watford
Electoral Ward
Holywell
Westminster Constituency
Watford

Supplier Information

Number of Suppliers
1
Supplier Name

GRIFFITHS & ARMOUR

Open Contracting Data Standard (OCDS)

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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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