Award

Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

TRINITY HOUSE

This public procurement record has 1 release in its history.

Award

20 Feb 2025 at 18:25

Award Notice
Summary of the contracting process

The Corporation of Trinity House has concluded the public procurement process for the brokerage, provision, and management of insurance requirements for the General Lighthouse Authorities (GLAs) of the United Kingdom and the Republic of Ireland. This contract, titled "Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)", falls under the industry category of insurance brokerage services (CPV code: 66518100). The tender process commenced with an open procedure, and the award was made on 22nd January 2025. The contract, valued at £6,144,762.94, covers various geographic regions including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the UK. The contract period starts on 20th February 2025 and ends on 19th February 2030, with potential extensions up to 2032.

This tender presents significant opportunities for business growth, particularly for companies specialising in insurance brokerage services. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete, as the procurement process is open and designed to accommodate their participation. The successful tenderer, Willis Limited, will manage the GLAs' protection and indemnity and war risk insurance requirements, demonstrating a high demand for comprehensive insurance brokerage and management services. Businesses with expertise in these areas can find ample opportunities to provide value and secure long-term contracts with public sector clients.

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Notice Information

Notice Title

Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

Notice Description

The Corporation of Trinity House on behalf of itself and the other General Lighthouse Authorities (GLAs) of the United Kingdom and The Republic of Ireland invites potential tenderers to submit a proposal for the brokerage, provision and management of insurance requirements for the GLAs between 2025 - 2028, with possible extensions to 2030. This will require the successful tenderer to place, and thereafter manage, the GLAs' protection and indemnity and war risk insurance requirements, as described in the General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances from 20th February 2025 and the other insurances as described in the register from 1st April 2025. The General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances will be included as an annex to the Invitation to Tender. It is anticipated that the tender will result in a fixed price brokerage contract for three years, with an option to extend the contract for a further period of 12 months and a subsequent 12 months thereafter, at the GLAs' sole discretion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ffc295e6-edf1-476b-b8c9-0ac8b2ee8059
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e33fec95-6c63-4a2d-8d53-3334729cdf07
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
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£6,144,762 £1M-£10M
Lots Value
Not specified
Awards Value
£6,144,762 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
22 Jan 2025Expired
Future Notice Date
Not specified
Award Date
22 Jan 20251 years ago
Contract Period
20 Feb 2025 - 19 Feb 2030 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
TRINITY HOUSE
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
EC3N 4DH
Post Town
Central 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
City of London
Electoral Ward
Tower
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

WILLIS

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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