Award

Further Competition under Insurance Placement DPS 978 for Broads Authority and their appointed Insurance Broker - Marsh

BROADS AUTHORITY

This public procurement record has 1 release in its history.

Award

22 Jun 2021 at 14:16

Summary of the contracting process

The Broads Authority is conducting a tender for insurance services through a Further Competition under Insurance Placement DPS 978, focusing on various insurance categories such as property, liability, motor, crime, and personal accident. This procurement process is currently in the award stage following its completion on 22 June 2021, with a contract signing date set for 27 May 2021. The contract will be operational for a period of three years, with a provision to extend annually for two additional years, contingent on performance. The process employed is a selective method, in line with the relevant public procurement regulations.

This tender presents significant opportunities for businesses specialising in financial and insurance services, particularly those capable of providing innovative solutions and risk management strategies. Prospective bidders such as insurance providers and brokers that can demonstrate compliance with tender requirements while offering added value and competitive pricing will be well-positioned to succeed. Given the various categories outlined, companies with expertise in specific areas of insurance will find suitable avenues for participation in this procurement process.

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Notice Title

Further Competition under Insurance Placement DPS 978 for Broads Authority and their appointed Insurance Broker - Marsh

Notice Description

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

Lot Information

Property

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Liability

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Motor

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Crime

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Personal Accident

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Engineering

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Computers

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Marine

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Contractors All Risks

Further Competition under Insurance Placement DPS 978 for Broads Authority 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 (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02bef5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014210-2021
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
£121,159 £100K-£500K

Notice Dates

Publication Date
22 Jun 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 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
BROADS AUTHORITY
Contact Name
Emma Krelle
Contact Email
emma.krelle@broads-authority.gov.uk
Contact Phone
+44 01603756060

Buyer Location

Locality
NORWICH
Postcode
NE1 1RY
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified

Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
2
Supplier Names

RISK MANAGEMENT PARTNERS

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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            "dateSigned": "2021-05-27T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "value": 4
            },
            {
                "id": "2",
                "measure": "bids",
                "value": 4
            }
        ]
    },
    "links": [
        {
            "rel": "prev",
            "href": "https://ted.europa.eu/udl?uri=TED:NOTICE:259145-2019:TEXT:EN:HTML"
        }
    ],
    "language": "en"
}