Award

Peroc Insurance Services

PETROC

This public procurement record has 1 release in its history.

Award

22 Jun 2022 at 15:30

Summary of the contracting process

The procurement process involves Petroc, located at Old Sticklepath Hill, Barnstaple, England, which is seeking insurance services through an open tender titled "Peroc Insurance Services." The contract, valued at £96,000, follows a further competition process under the CPC framework agreement (reference CPC/GS/02/2020). The tender period officially ended on 12 May 2022, and the contract will commence on 1 August 2022 and run until 31 July 2025. The procurement has been awarded to FE Protect Ltd, whose contract award notice was published on 22 June 2022.

This tender presents an opportunity for businesses, especially small and medium-sized enterprises (SMEs) in the insurance sector, to expand their market reach. Companies that specialise in insurance services, particularly those capable of responding to the needs of educational institutions or public bodies, could find advantageous avenues for growth by monitoring and participating in similar procurement opportunities. As this award reflects an open procurement method, it encourages competition and innovation among potential suppliers.

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Notice Title

Peroc Insurance Services

Notice Description

Contract award notice following a further competition process under the CPC framework agreement reference CPC/GS/02/2020

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e813e0ec-8723-4af6-8c22-87dbe4a2b451
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a270c064-5a21-4737-ae7f-88214af0addc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
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
£96,000 Under £100K
Lots Value
Not specified
Awards Value
£270,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jun 20223 years ago
Submission Deadline
12 May 2022Expired
Future Notice Date
Not specified
Award Date
21 Jun 20223 years ago
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 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
PETROC
Contact Name
Graham Greatorex
Contact Email
graham.greatorex@petroc.ac.uk
Contact Phone
01271 338141

Buyer Location

Locality
BARNSTAPLE
Postcode
EX31 2BQ
Post Town
Exeter
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK43 Devon CC
Delivery Location
TLK South West (England)

Local Authority
North Devon
Electoral Ward
Roundswell
Westminster Constituency
North Devon

Supplier Information

Number of Suppliers
1
Supplier Name

FE PROTECT

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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