Award

Further Competition under Insurance Placement DPS 978 for London Borough of Sutton and their appointed Insurance Broker - Marsh

LONDON BOROUGH OF SUTTON

This public procurement record has 1 release in its history.

Award

21 Apr 2021 at 07:58

Summary of the contracting process

The London Borough of Sutton is conducting a further competition under the Insurance Placement Dynamic Purchasing System (DPS) for insurance services. This procurement process is crucial as it follows the upcoming expiration of an existing long-term agreement for Leasehold RTB Flats Insurance. The contract is set to be awarded under a selective procurement method, with a deadline for bids which has already passed, and the contract period commencing on 1 April 2021, lasting for two years with an option for renewal. The total value of the contract is £523,436, with the award of the contract currently active and Zurich Municipal confirmed as the supplier.

This tender presents significant opportunities for businesses interested in participating in public sector insurance services. Companies with expertise in insurance policy covering, claims handling, and providing added value through tailored services would be particularly well-suited to compete in future opportunities within this sector. As public authorities increasingly seek competitive bids to enhance service delivery, this contract can open avenues for growth and collaborations for businesses targeting local and regional authorities.

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Notice Title

Further Competition under Insurance Placement DPS 978 for London Borough of Sutton and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority is approaching the end of their existing Long Term Agreement with insurers for Leasehold RTB Flats Insurance. In line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1 April 2021. This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978.

Lot Information

Lot 1

Further Competition under Insurance Placement DPS 978 for London Borough of Sutton and their appointed Insurance Broker - Marsh

Options: The Contract Period will be for 2 years (24 months) from the date of award with an option for a further 24 months. Contract start date: 1 April 2021

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a853
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008418-2021
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
£523,436 £500K-£1M

Notice Dates

Publication Date
21 Apr 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 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
LONDON BOROUGH OF SUTTON
Contact Name
Neil Walker
Contact Email
neil.walker@sutton.gov.uk
Contact Phone
+44 02087705351

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
Not specified

Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
1
Supplier Name

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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