Award

Staffordshire Pension Fund Insurance

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

30 Sep 2024 at 08:10

Award Notice
Tender

30 Jul 2024 at 15:30

Tender Notice
Summary of the contracting process

Staffordshire County Council has successfully completed the procurement process for the provision of Property Owners Combined and Terrorism insurance services for the Staffordshire Pension Fund, awarding the contract to Zurich Municipal. This contract, classified under the insurance services industry (CPV code: 66510000), is valued at £3,700,000. The procurement method used was an open procedure, with the tendering period ending on 29 August 2024. The contract period spans from 1 October 2024 to 30 September 2029, with services being delivered within the West Midlands region of the United Kingdom.

This insurance contract presents significant growth opportunities for large insurance firms looking to expand their services in the public sector. Although small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) were not specifically targeted, established insurance providers can leverage this long-term, high-value contract to solidify their presence in the market and potentially form strategic partnerships. The successful supplier, Zurich Municipal, exemplifies how large-scale insurers can meet the comprehensive requirements of public sector clients.

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Notice Information

Notice Title

Staffordshire Pension Fund Insurance

Notice Description

Contract for the provision of Property Owners Combined and Terrorism excluding Broker Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f06a99e6-420f-414c-9bae-e743a9feb6f7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fe8a243f-152e-483e-b5f5-faf8126ca8b1
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£3,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,700,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20241 years ago
Submission Deadline
29 Aug 2024Expired
Future Notice Date
Not specified
Award Date
29 Sep 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2029 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
STAFFORDSHIRE COUNTY 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
STAFFORD
Postcode
ST16 2DH
Post Town
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG West Midlands (England)
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

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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