Award

Provision of Insurance Brokerage Services

BELFAST CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

08 Nov 2021 at 22:45

Tender

02 Sep 2021 at 21:45

Summary of the contracting process

Belfast City Council is currently in the award stage of the procurement process for the "Provision of Insurance Brokerage Services," classified under the services industry (CPV 66510000). The contract, valued at £90,000, aims to secure a broker to negotiate and arrange tailored, cost-effective insurance for the council's specific needs. This contract was signed on 29th October 2021 and relates to annual premiums of approximately £1.3 million, with provisions for a potential renewal extending up to October 2023.

This tender presents opportunities for businesses in the insurance brokerage sector, especially those that can offer comprehensive service solutions tailored to local authorities. Companies with expertise in negotiating insurances and managing large policy premiums would be particularly well-suited to compete. With the focus on quality and price evaluation, businesses that can demonstrate a solid track record and the ability to deliver valuable insurance services are encouraged to engage with this opportunity.

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Notice Title

Provision of Insurance Brokerage Services

Notice Description

Belfast City Council is awarding a contract for the services of an insurance broker to negotiate and arrange comprehensive and cost effective insurances which are tailored to the special needs of a local authority.

Lot Information

Lot 1

Belfast City Council is awarding a contract for the services of an insurance broker to negotiate and arrange comprehensive and cost effective insurances which are tailored to the special needs of a local authority. The successful contractor will be eligible for a commission equivalent to 3.5% of the annual insurance policy premiums, which are approximately PS1.3M p.a.

Renewal: The contract shall be for the period from 1 November 2021 until 31 October 2022, with the option of renewal for a further year until 31 October 2023, at the discretion of the Council.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02dca2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028005-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£90,000 Under £100K

Notice Dates

Publication Date
8 Nov 20214 years ago
Submission Deadline
4 Oct 2021Expired
Future Notice Date
Not specified
Award Date
28 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
BELFAST CITY COUNCIL
Contact Name
Not specified
Contact Email
crothersr@belfastcity.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BELFAST
Postcode
BT2 8DJ
Post Town
Northern Ireland
Country
Northern Ireland

Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN06 Belfast

Local Authority
Belfast
Electoral Ward
Central
Westminster Constituency
Belfast South and Mid Down

Supplier Information

Number of Suppliers
1
Supplier Name

ABBEY BOND LOVIS LTD (PREVIOUSLY WILLIS TOWERS WATSON IRELAND

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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