Award

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

BEDFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

16 Apr 2021 at 12:43

Summary of the contracting process

The procurement process titled "Further Competition under Insurance Placement DPS 978" is conducted by Bedford Borough Council, located in Bedford, UK. This tender is categorised under the insurance services industry and is part of a selective procurement method as per the Public Contracts Regulations 2015. The procurement stage was in the award phase, with contracts being signed on 18 March 2021, and expected to commence on 1 April 2021. The contracts carry an initial duration of three years, with the potential for two additional one-year extensions.

This tender presents substantial opportunities for growth primarily for businesses in the insurance sector, particularly those skilled in providing insurance services for properties, commercial and industrial needs, and diverse insurance coverage areas including motor fleet and fidelity guarantees. Companies capable of delivering high-quality service at competitive prices will be well-positioned to compete, as the evaluation criteria prioritise quality (ranging from 30% to 40% depending on the lot) alongside pricing (60%). Additionally, large-scale suppliers, similar to those already awarded contracts—such as Zurich Municipal and Risk Management Partners—may face competition from smaller, agile firms looking to expand within the public procurement arena.

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Notice Title

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Notice Description

The procurement process will be conducted in accordance with the requirements of the Public Contracts Regulations 2015. Specifically, the Contracting Authority will be using YPO Insurance Placement DPS Framework Agreement.

Lot Information

Property

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Commercial & Industrial

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Leasehold/right to buy

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Fidelity Guarantee

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Combined liability and claims handling

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Motor Fleet

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Group personal accident and travel

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Engineering

Further Competition under Insurance Placement DPS 978 for Bedford Borough Council and their appointed Insurance Broker - A.J. Gallagher

Options: The Contracting Authority proposes to enter into one or more Contract(s) for an initial period of 3 years (with the option to extend for two further periods of one year) with the successful Tenderer(s) (Supplier).Contracts will start on 1 April 2021.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a6f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008070-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
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
£3,177,000 £1M-£10M

Notice Dates

Publication Date
16 Apr 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Mar 20214 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

Contracting Authority (Buyer)

Main Buyer
BEDFORD BOROUGH COUNCIL
Contact Name
Andy Heslop
Contact Email
andy.heslop@bedford.gov.uk
Contact Phone
+44 01234276176

Buyer Location

Locality
BEDFORD
Postcode
MK42 9AP
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
Not specified

Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
3
Supplier Names

RISK MANAGEMENT PARTNERS

TRAVELERS INSURANCE

ZURICH MUNICIPAL

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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