Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

YPO - 1198 Insurance Placement DPS II

Yorkshire Purchasing Organisation

This public procurement record has 1 release in its history.

Tender

14 Mar 2024 at 16:07

Tender Notice
Summary of the contracting process

The current tender process, titled "YPO - 1198 Insurance Placement DPS II," is being led by YPO in collaboration with ESPO and NEPO. This initiative is aimed at establishing a Dynamic Purchasing System (DPS) for a comprehensive range of insurance services for the public sector within the United Kingdom. The procurement falls under the "Financial and insurance services" category, engaging various segments such as accident, health, liability, and credit insurance services, among others. The tender is in the active stage and forms part of a selective procurement method, described as a Restricted procedure (above threshold). The DPS is open from 1st May 2024 to 30th April 2034, allowing potential providers to submit bids anytime after the first round, with an initial deadline on 21st March 2024 at 14:00. The system, subject to annual reviews and KPI evaluations, offers a substantial potential contract value of GBP 3 billion.

This tender presents significant opportunities for business growth, particularly for service providers in the insurance industry. Businesses specialising in various insurance sectors, including accident and health, legal insurance, and claims adjustment, are well-suited to compete. With YPO's initiative targeting all public sector organisations, SMEs can leverage this opportunity as the tender is accommodating to smaller enterprises, although it excludes VCSE requirements. Companies with a strong track record in delivering diverse insurance solutions and adept in meeting public sector needs will find this DPS an advantageous platform for expansion and increased market presence in the UK public sector landscape.

How relevant is this notice?

Notice Information

Notice Title

YPO - 1198 Insurance Placement DPS II

Notice Description

YPO in collaboration with ESPO and NEPO are looking for Providers to be appointed onto a Dynamic Purchasing System (DPS) for the provision of Insurance Placement and associated services for the wider public sector. The DPS is designed to meet the needs of all public sector organisations. The DPS will cover the period from 1st of May 2024 to 30th of April 2029 with an option to further extend for an additional 5 years. The decision to extend the DPS Establishment Agreement period will be taken by the end of January 2029 and will be dependent on satisfactory completion of all aspects of the DPS Establishment Agreement to date, the current market conditions for this category and YPO's contracting structures. The maximum contract period will therefore be 10 years, from 1st of May 2024 to 30th of April 2034 (subject to an annual review, and KPI performance). Additional information: The first deadline for submissions (21/03/2024 at 14:00 pm) is only applicable to the initial establishment/first round of the DPS. Following the initial establishment, the DPS will remain open for any Suppliers to submit a bid at any point until the closing date of the DPS

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8bfa52f-f911-4af0-8866-fa03cc39a02f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b834281d-8d1a-4a28-bdf0-cbf366867b5c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66512000 - Accident and health insurance services

66513000 - Legal insurance and all-risk insurance services

66514000 - Freight insurance and Insurance services relating to transport

66515000 - Damage or loss insurance services

66516000 - Liability insurance services

66517000 - Credit and surety insurance services

66518200 - Insurance agency services

66518300 - Insurance claims adjustment services

66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services

Notice Value(s)

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

Notice Dates

Publication Date
14 Mar 20242 years ago
Submission Deadline
30 Apr 20348 years to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 May 2034 - 2 May 2034 30 days
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Yorkshire Purchasing Organisation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WAKEFIELD
Postcode
WF2 0XE
Postcode Area
Wakefield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE45 Wakefield
Delivery Location
Not specified
Local Authority
Wakefield
Electoral Ward
Wrenthorpe and Outwood West
Westminster Constituency
Wakefield and Rothwell

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...