Award

Further Competition under Insurance Placement DPS 978 for Qualification Wales and their appointed Insurance Broker - Aon

QUALIFICATION WALES

This public procurement record has 1 release in its history.

Award

10 May 2021 at 13:01

Summary of the contracting process

The procurement process involves Qualification Wales, seeking insurance services under the "Further Competition under Insurance Placement DPS 978" framework. The procurement is categorised under services, specifically focusing on insurance, with the initial contract period of three years commencing on 18th May 2021 and an option to extend for an additional two years. The award criteria prioritise price (60%) and quality (40%). Currently, the process is in the Award stage, having had one bid submitted, with an active contract valued at £30,321.20 signed on 6th May 2021.

This tender presents a significant opportunity for businesses in the insurance sector, particularly those specialising in property and liability coverage. Given the competitive criteria, companies that can demonstrate quality service at a competitive price would be well-positioned to thrive in this procurement process. Additionally, larger insurance firms or those with experience in public sector contracts will find this opportunity well-suited to their capabilities, potentially fostering business growth and expanding their market reach.

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Notice Title

Further Competition under Insurance Placement DPS 978 for Qualification Wales and their appointed Insurance Broker - Aon

Notice Description

The Contracting Authority are tendering for insurance services (excluding broking services) under further competition under the YPO Framework - in accordance with the terms of that agreement.

Lot Information

Property

Further Competition under Insurance Placement DPS 978 for Qualification Wales and their appointed Insurance Broker - Aon

Options: Quotations are required based on an initial contract period of three years from 18th May 2021 with the option for the Contracting Authority to extend the contract by up to an additional 2 years in periods of one year.

Liability

Further Competition under Insurance Placement DPS 978 for Qualification Wales and their appointed Insurance Broker - Aon

Options: Quotations are required based on an initial contract period of three years from 18th May 2021 with the option for the Contracting Authority to extend the contract by up to an additional 2 years in periods of one year.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02aef7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010118-2021
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
£30,321 Under £100K

Notice Dates

Publication Date
10 May 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 May 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
QUALIFICATION WALES
Contact Name
Sarah Sharp
Contact Email
sarah.sharp@aon.co.uk
Contact Phone
+44 07384248693

Buyer Location

Locality
NEWPORT
Postcode
NP10 8AR
Post Town
Newport
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
Not specified

Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN INSURANCE

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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