Award

LPS CORP - Lancashire Renewables Property Insurance - Tender not awarded

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

03 Jul 2019 at 14:41

Award Notice
Tender

02 May 2019 at 11:30

Tender Notice
Summary of the contracting process

The procurement process involves Lancashire County Council seeking bids for the provision of an annual Property insurance policy for Lancashire Renewables sites. The tender, titled "LPS CORP - Lancashire Renewables Property Insurance," falls under the insurance services category and is located in the North West region of the United Kingdom. The procurement stage is complete, with the contract spanning from 1st July 2019 to 30th June 2022, although the tender was not awarded as of the last update on 3rd July 2019. The total contract value is set at £3.5 million, with a minimum value of £1.1 million, using an open procurement method for above-threshold contracts. The tender period closed on 31st May 2019.

This tender presents an excellent opportunity for insurance providers that meet the specified requirements, particularly those capable of managing large contracts in the public sector. Businesses that specialise in insurance services, especially those targeting governmental contracts, would be well-suited to compete, though it is important to note that only registered insurance companies can participate, as brokers are excluded from bidding. This opportunity could significantly assist eligible firms in expanding their market presence in the public sector insurance arena.

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Notice Information

Notice Title

LPS CORP - Lancashire Renewables Property Insurance - Tender not awarded

Notice Description

This tender is for the provision of an annual Property insurance policy for the Lancashire Renewables sites. Cover will be for a period of 12 months with the option to provide cover for subsequent 12 month periods on a price renewal basis for a maximum total contract duration of 36 months. JLT Speciality Ltd has the sole appointment as insurance brokers to the Authority for the LR portfolio to prepare the ITT document for any LR insurance policies required. Brokers dealing with insurance are not invited to submit bids. Any bids from insurance brokers or organisations the Authority deem to be brokers will be disqualified from the Tender.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f30e935d-94d8-482c-aa51-2db4cb7bffbb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/69dd1f7f-7baf-4998-adce-077a552b7f8a
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
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
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20196 years ago
Submission Deadline
31 May 2019Expired
Future Notice Date
Not specified
Award Date
29 Jun 20196 years ago
Contract Period
30 Jun 2019 - 30 Jun 2022 3-4 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
LANCASHIRE 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
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)
Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

TENDER NOT AWARDED

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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