Award

University of Abertay Dundee: Insurance Services excluding Broking Services

ABERTAY UNIVERSITY

This public procurement record has 1 release in its history.

Award

28 Jul 2021 at 15:15

Summary of the contracting process

The procurement process involves Abertay University, located in Dundee, which was seeking insurance services (excluding broking services) under a tender initiative. The process has been categorised under "services" in the insurance industry, originally scheduled to span from 1st August 2016 for three years, with a potential one-year extension based on annual review. The tender was an open procedure, but has since been cancelled, with the last update dated 28th July 2021. Various forms of insurance were required, including motor, liability, and property insurance services.

This opportunity presents a significant growth potential for FSA authorised insurers and discretionary mutuals, particularly those offering comprehensive insurance services. Businesses that specialise in accident, motor vehicle, general liability, and engineering insurance would be well-positioned to compete, although it is important to note that insurance brokers are not eligible to apply. Companies aiming to enhance their portfolio in the public sector insurance space should take heed of the details and requirements of such procurement initiatives.

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Notice Title

University of Abertay Dundee: Insurance Services excluding Broking Services

Notice Description

Insurance cover required by University of Abertay Dundee excluding Broking Services. The contract period will be for an initial 3 years from 1st August 2016 to 31st July 2019 with the option to extend by an additional 1 year subject to annual review. Provision of insurance cover for the following policies: -- Motor including legal assistance, material damage/business interruption, contract works, employers liability, public and products liability, professional indemnity, directors and officers liability, engineering insurance and inspection, computers, and personal accident/travel. This contract is not open to insurance brokers. The contract offer only applies to FSA authorised insurers and discretionary mutuals.

Lot Information

Lot 1

Long term agreements may be considered for each lot, otherwise the University's appointed broker will have the option to test the market on an annual basis for each policy not subject to a long term agreement.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02cd9c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017966-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66512100 - Accident insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Jul 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
ABERTAY UNIVERSITY
Contact Name
Not specified
Contact Email
procurement@abertay.ac.uk
Contact Phone
+44 1382308995

Buyer Location

Locality
DUNDEE
Postcode
DD1 1HG
Post Town
Dundee
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM03 Angus and Dundee City
Delivery Location
TLM71 Angus and Dundee City

Local Authority
Dundee City
Electoral Ward
Maryfield
Westminster Constituency
Dundee Central

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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