Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Further Competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker - Marsh

Mansfield District Council

This public procurement record has 1 release in its history.

Award

13 Apr 2021 at 15:22

Award Notice
Summary of the contracting process

Mansfield District Council is seeking insurance services through a tender process for the renewal of their insurance portfolio, which includes Material Damage, Casualty, Crime, and Motor cover, scheduled to take effect on 1st April 2021. The tender, initiated under the title "Further Competition under Insurance Placement DPS 978," is classified in the CPV category of 66510000 for Insurance services. The process is currently in the award stage, with the contracting authority having previously completed the bidding process with an active status for now. The procurement method followed is a selective procedure within a restricted framework.

This tender presents lucrative opportunities for businesses in the insurance sector, particularly those specialising in property, casualty, and motor insurance. Companies with a strong track record in providing these services, especially larger firms capable of demonstrating high-quality offerings alongside competitive pricing, would be well-suited to engage in this procurement process. Given the potential contract duration of three years, with extensions possible, successful bidders could secure significant and sustained revenue streams from an established local authority.

How relevant is this notice?

Notice Information

Notice Title

Further Competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Material Damage, Casualty, Crime and Motor in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1st April 2021.

Lot Information

Property

Further Competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker - Marsh

Options: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years plus 2 years (24 + 24 months), subject to satisfactory performance as reviewed on a year by year basis.

Casualty

Further Competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker - Marsh

Options: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years plus 2 years (24 + 24 months), subject to satisfactory performance as reviewed on a year by year basis.

Motor

Further Competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker - Marsh

Options: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years plus 2 years (24 + 24 months), subject to satisfactory performance as reviewed on a year by year basis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a5a0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007727-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£390,000 £100K-£500K

Notice Dates

Publication Date
13 Apr 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Mar 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Mansfield District Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANSFIELD
Postcode
NG19 7BH
Postcode Area
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF15 North Nottinghamshire
Delivery Location
Not specified
Local Authority
Mansfield
Electoral Ward
West Bank
Westminster Constituency
Mansfield

Supplier Information

Number of Suppliers
2
Supplier Names

Risk Management Partners

Travelers Insurance Company

Further Information

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...