Award

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Apr 2024 at 14:26

Award Notice
Summary of the contracting process

The Hampshire County Council has awarded a contract for the provision of Liability Insurance Excess Layer 4 valued at £39,200 to Marsh Limited. The contract period runs from 1st April 2024 to 31st March 2025. The procurement method used was a direct single tender action. The procurement stage is complete, with the tender period ending on 27th March 2023. The contract is classified under Liability insurance services, and the location of the project is in Winchester, England.

This opportunity provides insurance services for liability coverage exceeding £50 million. It is well suited for large insurance companies like Marsh Limited. Businesses offering insurance services in the public sector should consider applying due to the specific indemnity requirements outlined by Hampshire County Council. The project location in Winchester, England, offers a strategic advantage to suppliers wishing to provide insurance coverage in the area, particularly in the services category of the industry.

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Notice Information

Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 4 (PS50m over PS125m)

Notice Description

Casualty Excess Layer Insurance is a commercial Insurance Policy purchased to increase Hampshire County Council's limits of liability over the primary insurance cover of PS50million, to provide appropriate indemnity for the County Council's risks. This insurance is on a Combined Liability basis and consists of Public and Products Liability, and Pollution Liability and provides insurance against third party claims for injury, damage to property and financial loss arising from activities as a County Council. This includes claims against the County Council arising from the use of the Highways.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e706ec6f-7b84-44e9-9bf4-6b0cab3b7f9f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cccb13d5-1ff4-47ea-9f3e-5f0854787f5f
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

66516000 - Liability insurance services

Notice Value(s)

Tender Value
£39,200 Under £100K
Lots Value
Not specified
Awards Value
£39,200 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20241 years ago
Submission Deadline
27 Mar 2023Expired
Future Notice Date
Not specified
Award Date
28 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 6-12 months
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
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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