Award

Insurance Broker Services

THAMES WATER UTILITIES LIMITED

This public procurement record has 2 releases in its history.

Award

15 Nov 2021 at 12:36

Tender

22 Jun 2021 at 14:45

Summary of the contracting process

Thames Water Utilities Limited has completed the procurement process for Insurance Broker Services, aimed at supporting all corporate insurance activities across their operations. The procurement was initiated under a selective method with a negotiated procedure, concluding on October 25, 2021. The contract value is estimated at £7,300,000 for an initial duration of four years, with the possibility of annual extensions up to a maximum of eight years. The services will cover corporate insurance broker activities, claims handling, and data warehousing throughout the Thames Water region, which includes areas in the UKI and UKJ regions.

This tender presents significant opportunities for businesses in the insurance services sector, particularly those specialising in corporate insurance brokerage, claims management, and data analysis. Companies that can demonstrate a strong cultural fit, a proven track record in delivering outstanding service, and the ability to provide competitive pricing will be well-positioned to compete for this contract. As Thames Water seeks a single supplier to fulfil its diverse needs, firms with the capacity to handle comprehensive insurance and claims services will benefit from this substantial contract opportunity.

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Notice Title

Insurance Broker Services

Notice Description

The Insurance Broker Services project underpins all corporate insurance activity across the whole of Thames Water. Thames Water is intending to appoint a single supplier to cover all of our core requirements under a single lot: a) Corporate insurance broker services b) Claims handling c) Data warehousing and reporting services

Lot Information

Lot 1

The Insurance Broker Services project underpins all corporate insurance activity across the whole of Thames Water. Thames Water is intending to appoint a single supplier to cover all of our core requirements under a single lot: a) Corporate insurance broker services b) Claims handling c) Data warehousing and reporting services The supplier will be responsible for broking our entire insurance programme, they will manage all of our Public Liability claims through a dedicated team, they will operate and manage our claims management system, and they will provide a structured method for collecting, storing and reporting on all of our claims data to generate critical insight. We are looking for a supplier capable of providing a service for the length of the agreement who can meet the following business objectives; cultural fit, an outstanding service provision, and provide value for money.

Options: Any agreement awarded would be for an initial duration of 4 years with options to extend annually up to a maximum overall term of 8 years.

Renewal: Any agreement awarded would be for an initial duration of 4 years with options to extend annually up to a maximum overall term of 8 years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02bef8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028456-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£7,300,000 £1M-£10M
Lots Value
£7,300,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20214 years ago
Submission Deadline
6 Jul 2021Expired
Future Notice Date
Not specified
Award Date
24 Oct 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
THAMES WATER UTILITIES LIMITED
Contact Name
Thames Water
Contact Email
procurement.support.centre@thameswater.co.uk
Contact Phone
Not specified

Buyer Location

Locality
READING
Postcode
RG1 8DB
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLI London, TLJ South East (England)

Local Authority
Reading
Electoral Ward
Thames
Westminster Constituency
Reading Central

Supplier Information

Number of Suppliers
1
Supplier Name

WILLIS

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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