Award

EBC MM Procurement of an Insurance Broker - AWARD

SE SHARED SERVICES

This public procurement record has 2 releases in its history.

AwardUpdate

11 Aug 2017 at 12:43

Award Notice
Award

11 Aug 2017 at 12:43

Award Notice
Summary of the contracting process

The procurement process initiated by SE Shared Services involves the appointment of an Insurance Broker for Elmbridge Borough Council, classified under financial and insurance services. The tender was awarded to Portmore Insurance Company Limited, with an active contract value of £6,000 set to commence on 1st October 2017 and concluding on 30th September 2019. The procurement method employed was an open procedure, with the tender period concluding on 5th June 2017. The authority's address is located in Esher, Surrey, specifically at KT10 9SD.

This tender presents a significant opportunity for businesses specialising in insurance services, particularly those capable of acting as intermediaries between local authorities and insurance markets. Companies that possess a thorough understanding of the regulatory environment and the particular activities of local councils would be well-positioned to compete. Given that small and medium-sized enterprises (SMEs) are encouraged, this initiative also opens avenues for innovative brokers to enter the market and leverage their expertise in compliance with various regulations, including the 2015 Insurance Act.

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Notice Information

Notice Title

EBC MM Procurement of an Insurance Broker - AWARD

Notice Description

Elmbridge Borough Council is seeking to appoint an Insurance Broker. The appointed broker is required to act as an intermediary between the Council and the insurance market negotiating premiums, policy coverage and insurance contract wordings on the Council's behalf. The appointed broker is required to have a thorough understanding of the Local Authority's activities, partnerships and the building control mutual and also advise the Council on insurance coverage including shortfalls in cover, whilst ensuring compliance with any relevant legislation and regulations including the 2015 Insurance Act etc., and advise on any new insurance products available in the market and those envisaged.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ef540bbd-d3c3-4707-ba21-9a20df4f8d62
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a1d8c621-90b0-45af-9ada-248567bbd589
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£6,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20178 years ago
Submission Deadline
5 Jun 2017Expired
Future Notice Date
Not specified
Award Date
14 Jun 20178 years ago
Contract Period
30 Sep 2017 - 30 Sep 2019 1-2 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
SE SHARED SERVICES
Contact Name
Rose Ngonyama (EBC)
Contact Email
rngonyama@elmbridge.gov.uk
Contact Phone
01372474130

Buyer Location

Locality
SURREY
Postcode
KT10 9SD
Post Town
Kingston upon Thames
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Elmbridge
Electoral Ward
Esher
Westminster Constituency
Esher and Walton

Supplier Information

Number of Suppliers
1
Supplier Name

PORTMORE INSURANCE

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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