Award

Provision of Motor Insuance

CAPITALESOURCING

This public procurement record has 2 releases in its history.

Award

31 Mar 2020 at 15:41

Award Notice
Tender

08 Oct 2019 at 07:25

Tender Notice
Summary of the contracting process

The procurement process involves the Tri-Borough Tender for the Provision of Motor Insurance, initiated by capitalEsourcing on behalf of Westminster City Council, The Royal Borough of Kensington and Chelsea, and the London Borough of Hammersmith and Fulham. This tender is classified under the CPV code for motor vehicle insurance services and was published on 8th October 2019. The selected supplier will provide insurance coverage for vehicles owned or leased by the boroughs, with contracts commencing on 1st April 2020 and lasting until 29th March 2024. The tender is currently in the award stage, highlighting the competitive procedure with negotiation procurement method, with the deadline for submissions having closed on 7th November 2019.

This tender presents a significant opportunity for businesses specialising in insurance services, particularly those that operate on a competitive negotiation basis. Given the requirements for motor vehicle insurance provision for multiple boroughs, small and medium-sized enterprises (SMEs) with expertise in local government contracts may find this an attractive opportunity. Companies that can demonstrate capability in providing comprehensive insurance solutions and are willing to engage through the electronic procurement portal are well-suited to compete in this award.

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Notice Information

Notice Title

Provision of Motor Insuance

Notice Description

The provision of Motor Insurance for the Westminster City Council, The Royal Borough of Kensington and Chelsea and the London Borough of Hammersmith and Fulham. The Insurance will cover vehicle owned or leased by respective boroughs. The contracts are issued as sovereign contracts for each of the respective Authorities. Contracts will commence on the 1st April 2020 for four years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f1c99943-6547-447b-9993-d1db6e818560
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ff591d5b-fa85-4736-8038-d8ecda6bfb5c
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£137,100 £100K-£500K
Lots Value
Not specified
Awards Value
£137,100 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20205 years ago
Submission Deadline
20 Dec 2019Expired
Future Notice Date
Not specified
Award Date
2 Mar 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2024 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1E 6QP
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)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH MUNICPAL

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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