Award

Provision of Insurance Services

SANDWELL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

26 Oct 2021 at 14:23

Award Notice
Summary of the contracting process

The Sandwell Metropolitan Borough Council is currently at the award stage of the procurement process for the "Provision of Insurance Services". This tender, identified as SMBC 21076, falls under the financial and insurance services category and is located in the West Midlands, England. The contract begins on 1st October 2021 and runs for three years, with the possibility to extend for an additional two years. The procurement method used is a selective process, specifically a call-off from a dynamic purchasing system, and the estimated contract value is £3,381,000.

This tender presents significant opportunities for growth, particularly for established insurance firms and financial service providers capable of offering a comprehensive insurance portfolio covering Material Damage, Liability, and several other categories. Companies with experience in public sector contracts and those inclined towards innovative solutions will be well-suited to compete in this process, especially given the local authority's drive for high-quality service delivery to strengthen children's social care.

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Notice Information

Notice Title

Provision of Insurance Services

Notice Description

Provision of Insurances to SMBC and SCT Sandwell Metropolitan Borough Council was created in 1974 to administer the newly formed Metropolitan Borough of Sandwell, in the West Midlands county of England. The council offices are located at the Council House, Freeth Street, Oldbury Town Centre, which opened in 1989.[1] Sandwell is divided into 24 Wards and is represented by 72 ward councilors. Elections to the council take place in three out of every four years, with one-third of the seats being contested at each election. Since the Local Government Act 1985, Sandwell Council has effectively been a unitary authority, serving as the sole executive, deliberative, and legislative body responsible for local policy, setting council tax, and allocating budget in the district; although public transport, fire and police services, and the local government pension fund (West Midlands Pension Fund) are jointly run by the seven metropolitan boroughs of the West Midlands county. Sandwell Children's Trust Limited. Sandwell Children's Trust is a new, not-for-profit, operationally-independent organisation that has been established by the Council following the statutory direction of the Secretary of State as a company limited by guarantee for the purposes of delivering children's social care services in Sandwell. The Trust is wholly owned by the Council and is a "Teckal" compliant company (for the purposes of the public procurement rules). The Council has entered into a ten-year contract with the Trust for the delivery of children's social care services. Building on recent improvements, the Sandwell Children's Trust continues to put in place additional improvements in children's social care to reverse the fragility and weakness historically apparent in service delivery. The Trust is driving a sustainable model of delivery and improvement designed to bring good and outstanding services to the Borough - innovating where possible and using the freedoms of the Trust approach to develop a new and sharper focus to the difficult issues the community has faced. The Contracting Authority are approaching the end of their existing Long-Term Agreements with insurers for Material Damage, Contractor All Risks, Combined Liability, Fidelity Guarantee, Directors & Officers, Motor, School Journey, and Computer covers and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1st October 2021. The contract period is for 3 years + option to extend a further 2 years. The tender is a further competition under the YPO Insurance Placement Dynamic Purchasing System (DPS) Ref No: 000978

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f0298050-fcbb-4ae3-899a-5c55c1394a34
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1ea9d7d6-3880-4c35-b7b2-0a6142d1fd34
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic, Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,381,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
26 Oct 20214 years ago
Submission Deadline
21 Jun 2021Expired
Future Notice Date
Not specified
Award Date
20 Sep 20214 years ago
Contract Period
30 Sep 2021 - 30 Sep 2026 Over 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
SANDWELL METROPOLITAN BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
OLDBURY
Postcode
B69 3DE
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG West Midlands (England)
Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICIPAL

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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