Award

Provision of Insurance - Professional Indemnity (General)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

23 Mar 2022 at 13:59

Summary of the contracting process

Hampshire County Council is seeking to provide Professional Indemnity (General) Insurance, with a total contract value of £110,880. This procurement falls under the category of professional liability insurance services and is currently in the Award stage. The contract duration is set from 1st April 2022 to 31st March 2023, following a direct procurement method via a single tender action. Key dates include the tender period ending on 23rd March 2022.

This tender represents a significant opportunity for insurance firms, particularly those specialising in liability insurance and risk management services. Businesses that are well-suited to compete are those with experience in providing similar insurance products, especially large-scale suppliers that can demonstrate a strong track record in handling professional indemnity policies. Collaboration or alliances with Hampshire County Council can also enhance business prospects for those able to effectively address their specific insurance needs.

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Notice Title

Provision of Insurance - Professional Indemnity (General)

Notice Description

Professional Indemnity insurance is a specialised branch of liability insurance which is most commonly purchased as a stand-alone policy. Professional Indemnity insurance provides liability cover against third party claims for financial loss, damage or injury arising from a breach of professional duty, negligent acts, errors or omissions of Hampshire County Council in its professional capacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e44fb9ad-b93b-4fd2-b5f2-45c9e8034404
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e8476a35-be35-45df-a0f3-326e94829b36
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£110,880 £100K-£500K
Lots Value
Not specified
Awards Value
£110,880 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20223 years ago
Submission Deadline
23 Mar 2022Expired
Future Notice Date
Not specified
Award Date
23 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY COUNCIL
Contact Name
Sheona Holman
Contact Email
insurance.queries@hants.gov.uk
Contact Phone
01962 847327

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8UJ
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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