Tender

LiveWest - Provision of Insurance and Related Services

LIVEWEST HOMES LIMITED

This public procurement record has 2 releases in its history.

Tender

27 Jul 2022 at 10:37

Tender Notice
Tender

26 Jul 2022 at 10:09

Tender Notice
Summary of the contracting process

LiveWest Homes Limited is seeking bids for the provision of insurance and related services through an open procurement process. The tender, titled "LiveWest - Provision of Insurance and Related Services," was published on 26 July 2022, with the tender period closing on 31 August 2022. The contract is expected to commence on 15 December 2022 and run until 31 March 2026, with the option for a two-year extension. Delivery is required within England, and the contract is valued at approximately £8 million, falling under the category of financial and insurance services.

This tender presents significant opportunities for businesses involved in insurance, risk management, and claims handling services. Companies that can demonstrate the requisite capabilities, particularly in comprehensive buildings insurance and public liability coverage, will be well-positioned to compete. As the successful bidder will be responsible for insuring assets worth around £6 billion, firms with experience in managing large-scale insurance needs, including cyber and crime policies, should consider this opportunity to expand their market presence and foster business growth in the public sector.

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Notice Information

Notice Title

LiveWest - Provision of Insurance and Related Services

Notice Description

LiveWest intend to run a tender to contract with a supplier of insurance and related services. * The nature of the contract is for the provision of Insurance and related services including claims handling services as required by LiveWest and its subsidiary Companies. * The contract will initially run for three years (or periods of insurance) commencing at midnight on 15 December 2022 until 31 March 2026. LiveWest has the option to extend the contract at its sole discretion for a further period of up to two years. * For reasons of confidentiality only companies who can demonstrate the minimum requirements mentioned in point 5 will be invited to bid and be in receipt of the full tender package. * The content of the insurance provide will include: - Provision of comprehensive buildings insurance for rented and affordable home ownership properties, totalling ca. PS6bn insured sums - Provision of PS100m public liability insurance - Provision of minimum PS3m cyber insurance - Provision of crime policies to indemnify in case of fraud, theft, etc. - Provision of cover in case of terror attack to indemnify in case of total loss of stock

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eac19903-a186-466b-81a8-bfe008bec5e9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c4fe20c-c9cf-4c77-bfad-9f24914193bd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20223 years ago
Submission Deadline
31 Aug 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Dec 2022 - 31 Mar 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LIVEWEST HOMES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EXETER
Postcode
EX5 2FZ
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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
East Devon
Electoral Ward
Broadclyst
Westminster Constituency
Exmouth and Exeter East

Further Information

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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