Award

TfL 93763 Insurance Broking Services

TRANSPORT FOR LONDON

This public procurement record has 2 releases in its history.

AwardUpdate

02 Jan 2018 at 14:19

Award Notice
Tender

18 Sep 2017 at 09:13

Tender Notice
Summary of the contracting process

Transport for London (TfL) has initiated a tender for "TfL 93763 Insurance Broking Services", aiming to contract an organisation for insurance brokerage and consultancy services. This procurement process falls within the services industry category and is being conducted in London, United Kingdom. The tender is currently in the award stage, with key deadlines including the end of the tender period on 16 October 2017 and the contract period set to commence on 1 January 2018, running for an initial term of four years, with an option to extend for an additional two years. The procurement method utilised is an open procedure.

This tender presents a significant opportunity for businesses specialising in insurance brokerage and consultancy services to expand their portfolios, particularly those capable of meeting TfL's operational and financial coverage needs. Companies with experience in providing insurance solutions, especially those familiar with the regulatory environment and operational requirements of public sector organisations, would be well-suited to compete for this contract. With the total contract value set at £1,169,000, this opportunity could enhance the successful bidder's standing in the market and foster long-term partnerships within the public sector.

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Notice Information

Notice Title

TfL 93763 Insurance Broking Services

Notice Description

Transport for London (TfL) is seeking an organisation to enter into a contract for the provision of InsuranceBroking Services. TfL purchases a range of insurances in order to provide coverage for its operational, financial & contractualliabilities and requirements. It undertakes this through the activity and work of its Group Insurance team assistedby its General Insurance Brokers. TfL has a contract in place for General Insurance Broking Services which is due to expire in 2018. Thistender request is a retender of this contract for Insurance Broking services to be in place for Jan 2018. TfL isconducting a competitive tender for this contract which will be let for an initial contract term of 4 years with anoption to extend for up to a further 2 years (1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e93c9407-e0bb-41a9-8378-3d0be0bfa11e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2ef1d132-c017-4aac-8f2b-ee121c150c4e
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,169,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20188 years ago
Submission Deadline
16 Oct 2017Expired
Future Notice Date
Not specified
Award Date
19 Dec 20178 years ago
Contract Period
19 Jan 2018 - 18 Jan 2022 4-5 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
TRANSPORT FOR LONDON
Contact Name
Yahya Hafesji
Contact Email
yahyahafesji@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 0BD
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice URLs

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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