Award

Production Insurance Scheme

THE BRITISH BROADCASTING CORPORATION (BBC)

This public procurement record has 1 release in its history.

Award

11 Feb 2022 at 12:29

Award Notice
Summary of the contracting process

The British Broadcasting Corporation (BBC) is seeking to enhance its production capabilities through its tender titled "Production Insurance Scheme." This procurement is in the services category, specifically related to insurance and pension services. The procurement process was conducted using an open procedure, with a contract value of £450,000. The tender period concluded on 11 January 2022, while the contract duration spans from 1 April 2022 to 31 March 2027, potentially allowing for extensions. The locations for service delivery include various territories, including the UK and other regions worldwide.

This contract represents a significant opportunity for businesses specialising in insurance services, particularly small and medium-sized enterprises (SMEs). Those capable of underwriting risks and managing claims, as required by the BBC, will find this tender particularly relevant. Companies with experience in providing tailored insurance solutions for media productions would be especially well-suited to compete, thereby leveraging this opportunity to engage with a prestigious client and grow their portfolio in a dynamic industry.

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Notice Information

Notice Title

Production Insurance Scheme

Notice Description

The BBC commissions both independent TV and radio producers and the BBC's own producers to provide high quality programmes. These productions require unique services. In managing the scheme, the Company will be expected to conduct many of the functions which an insurer of such risks performs from underwriting risks to authorising claims settlements as well as placing stand-alone cover for individual productions where necessary and complementary to the scope of the scheme. There will be an initial term of 3 (three) years with two further possible extensions of 12 (twelve) months on each occasion

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ffbfacde-c53e-458e-bd30-63c9c08338cc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01299bc5-535a-4bf2-8e91-54ceed628800
Current Stage
Award
All Stages
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
£450,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Feb 20224 years ago
Submission Deadline
11 Jan 2022Expired
Future Notice Date
Not specified
Award Date
8 Feb 20224 years ago
Contract Period
31 Mar 2022 - 31 Mar 2027 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
THE BRITISH BROADCASTING CORPORATION (BBC)
Contact Name
Kevin Waters
Contact Email
kevin.waters@bbc.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W1A 1AA
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
West End
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

QUARTZ INSURANCE BROKERS

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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