Award

Insurance Brokers

UNIVERSITY OF PLYMOUTH

This public procurement record has 2 releases in its history.

Award

02 Jul 2020 at 09:54

Award Notice
Tender

27 Mar 2020 at 08:53

Tender Notice
Summary of the contracting process

The University of Plymouth is currently engaged in a public procurement process for the provision of Insurance mediation services. This tender, titled "Insurance Brokers," is categorised under Insurance services (CPV code 66510000) and is located in Plymouth, South West England. The procurement method follows an open procedure and has recently reached the award stage, with the official award date marked as May 21, 2020. The contract period is set to commence on June 1, 2020, and will last until June 1, 2023. The tender period closed on April 27, 2020.

This tender presents a significant opportunity for businesses specialising in insurance brokerage, particularly those that can provide comprehensive services covering areas such as marine, cyber, and travel insurance. Small and medium-sized enterprises (SMEs) are encouraged to apply, given that the contract is suitable for them. The selected broker will be responsible for providing strategic advice, managing claims, and conducting annual reviews, making this a valuable contract for firms with expertise in both insurance and client relationship management.

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Notice Information

Notice Title

Insurance Brokers

Notice Description

The University of Plymouth wishes in engage a broker to provide Insurance mediation services, in the areas of marine, cyber, Engineering, Art, Travel, crime and one-off covers. The broker will be required to be authorised by the FCA. The broker shall provide to the University a nominated Account manager and claims handler who can give advice and guidance when required on the policies arranged by them. The broker will be required to meet with the University's insurance officer as and when reasonably required to develop a strategy as the basis for negotiations with insurers for renewals and new policies. The successful broker will have an annual renewal meeting with the University to review it future insurance requirements, to advise on matters such as adequacy of indemnity limits, coverage etc. and update University officer of underwriting information where necessary. To produce a written report of all meetings and collate underwriting data concerning exposures. The broker should also be able to advise and help with negotiations on contentious claims. To access the documents for the tender you will need to register on Intend - https://in-tendhost.co.uk/plymouthuni/aspx/Home

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e1e3cd34-bc70-4547-ab0b-cb5f7ff65342
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d2c050e-53c0-491e-a1fe-0bdd7f8488aa
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£22,350 Under £100K
Lots Value
Not specified
Awards Value
£22,350 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jul 20205 years ago
Submission Deadline
27 Apr 2020Expired
Future Notice Date
Not specified
Award Date
20 May 20205 years ago
Contract Period
31 May 2020 - 1 Jun 2023 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
UNIVERSITY OF PLYMOUTH
Contact Name
Procurement Team
Contact Email
procurement@plymouth.ac.uk
Contact Phone
01752 582057

Buyer Location

Locality
PLYMOUTH
Postcode
PL4 8AA
Post Town
Plymouth
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK41 Plymouth
Delivery Location
TLK South West (England)
Local Authority
Plymouth
Electoral Ward
Drake
Westminster Constituency
Plymouth Sutton and Devonport

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J. GALLAGHER INSURANCE BROKERS

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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