Award

Insurance Cover

SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE

This public procurement record has 2 releases in its history.

Award

01 Feb 2018 at 17:19

Award Notice
Tender

31 Oct 2017 at 09:41

Tender Notice
Summary of the contracting process

The South Yorkshire Passenger Transport Executive is seeking tenders for an insurance cover contract, which includes two lots: Lot 1 for Property Damage, Business Interruption, and Contract Works Insurance, and Lot 2 for Combined Liability Insurance. The tender was published on 31st October 2017, and the tender period concluded on 6th December 2017. The contract, valued at £194,567.20, is set to commence on 28th February 2018 and will run until 31st March 2021. The procurement method utilised was an open procedure above the threshold, and the relevant services fall under the CPV classification of insurance services, specifically within the Yorkshire and the Humber region.

This tender presents an opportunity for growth for businesses specialised in insurance services, particularly those capable of covering property damage and liability risks. Companies of various sizes are encouraged to consider this opportunity, but it may be especially advantageous for established insurers with the capacity to manage large policies. The availability of two distinct lots allows for strategic bidding, enabling firms to align their expertise with one or both offerings to maximise their chances of success.

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Notice Information

Notice Title

Insurance Cover

Notice Description

There are two Lots available and tenderers may apply for either one or both Lots. Lot 1: Provision of Property Damage, Business Interruption and Contract Works Insurance. Lot 2: Provision of Combined Liability Insurance. Additional information: Tender documentation can be accessed at www.sypte.co.uk/contracts The estimates provided in Section 1 are based on estimated annual premiums using historical information for the Lots.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e79a7ba2-806e-493c-9549-524565d29a70
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c9e1131-380c-48df-8250-934554288c69
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
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
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
£194,567 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20188 years ago
Submission Deadline
6 Dec 2017Expired
Future Notice Date
Not specified
Award Date
26 Jan 20188 years ago
Contract Period
28 Feb 2018 - 31 Mar 2021 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
SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE
Contact Name
Not specified
Contact Email
tendering@sypte.co.uk
Contact Phone
Not specified

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2BQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
2
Supplier Names

CHUBB EUROPEAN

QBE INSURANCE (EUROPE

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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