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Insurance Services

Bield Housing & Care

This public procurement record has 1 release in its history.

AwardUpdate

31 Mar 2021 at 16:24

Award Notice
Summary of the contracting process

The procurement process is for Insurance Services initiated by Bield Housing & Care, located in Edinburgh, UK. This tender falls under the services category and was previously actively awarded to Thistle Insurance Services Ltd and Marsh Limited. The current procurement stage involves a contract modification which extends the original procurement period for another 12 months, originally set to expire on 31 March 2021. The current contract, initially valued at approximately GBP 2.3 million, was signed on 10 February 2016, and will undergo retendering starting in July 2021.

This opportunity presents significant business growth potential for insurance brokers and service providers, particularly those specialised in insurance services. Companies that excel in risk assessment and client management would be well-suited to compete for this tender. The direct negotiation due to unforeseen circumstances indicates a need for flexible and responsive service providers, making this a strategic opportunity for businesses looking to expand their offerings within the UK insurance market.

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Notice Information

Notice Title

Insurance Services

Notice Description

Lot Information

Lot 1

This contract was originally procured in 2016 for a 36-month period with a 24-month extension option, originally due to expire on 31 March 2021. It covers the brokerage and provision of Insurance Services for Bield Housing & Care, and was originally of an average yearly value of GBP460,086.54. This modification would add another 12 months to the period of the contract. Due to the impossibility of running a procurement exercise, this extension was directly negotiated with the incumbent provider.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a1a4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006707-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,627,247 £1M-£10M

Notice Dates

Publication Date
31 Mar 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Feb 201610 years ago
Contract Period
1 Apr 2016 - 31 Mar 2021 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Bield Housing & Care
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH7 4QF
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland
Local Authority
City of Edinburgh
Electoral Ward
Leith Walk
Westminster Constituency
Edinburgh North and Leith

Supplier Information

Number of Suppliers
2
Supplier Names

Marsh Limited

Thistle Insurance Services Ltd

Further Information

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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