Award

Insurance Tender Excluding Broker Services

LONDON BOROUGH OF BROMLEY

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The London Borough of Bromley has completed an open tender process for an Insurance Tender Excluding Broker Services, which aims to source providers for various insurance services, including Property, Business Interruption, and Terrorism insurance. The contract is set for an initial duration of 1 year and 9 months, with an option to extend for another year, valued at approximately £492,000. The tender had a submission deadline of 13th June 2016. The procurement is classified under the goods category, specifically focusing on insurance services, and the contract will be performed in the South East region of the United Kingdom.

This tender presents significant opportunities for businesses in the insurance sector, particularly those providing comprehensive insurance services or specialising in niche areas like property and business interruption insurance. Companies that can demonstrate expertise and capacity to manage large insurance contracts would be well-suited to compete. The contract’s split into six lots may also open avenues for smaller insurance providers to participate in the bidding process, thereby enhancing their visibility and client portfolio in the public sector.

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Notice Information

Notice Title

Insurance Tender Excluding Broker Services

Notice Description

The London Borough of Bromley is seeking Insurance Service providers to cover Property Comprising Material Damage, Business Interruption and Contract Works, Fidelity Guarantee, Motor Fleet, Engineering Inspection, Group Personal Accident & School Journey and Terrorism - First Loss Insurance Tender excluding Broker Services. The contract will be split into six lots. The contract will run for an initial period of 1 year and 9 months with the option to extend for a further year at the Council's discretion. Annual contract value is PS309,400. Please note this figure is indicative only.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fdac0f13-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/177f9e2b-2c4f-4040-962a-e3508f25e56d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
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
£492,000 £100K-£500K
Lots Value
Not specified
Awards Value
£492,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
13 Jun 2016Expired
Future Notice Date
Not specified
Award Date
12 Jun 20169 years ago
Contract Period
31 Jul 2016 - 30 Apr 2018 1-2 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
LONDON BOROUGH OF BROMLEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BROMLEY
Postcode
BR1 3UH
Post Town
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLJ South East (England)
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
3
Supplier Names

CHUBB INSURANCE

THISTLE INSURANCE SERVICES

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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