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Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Worcestershire County Council

This public procurement record has 1 release in its history.

Award

07 Oct 2021 at 13:28

Award Notice
Summary of the contracting process

Worcestershire County Council is conducting a tender process for insurance services, titled "Further competition under Insurance Placement DPS 978", with a focus on various types of insurance, including Material Damage, Motor, and Personal Accident. The procurement falls under the services category within the financial and insurance sector. The current stage is 'Award', with contracts signed on 10th September 2021. The total value of the awarded contracts is approximately £1.4 million, confirming the significant scale of this procurement which is set against the backdrop of the council's need for new long-term agreements ahead of the renewal deadline on 29th September 2021.

This tender presents considerable opportunities for businesses, particularly those in the insurance sector, as it seeks comprehensive coverage solutions suited for public sector clients. Companies that are able to deliver high-quality insurance services at competitive prices, particularly those operating at medium to large scales, should consider participating in future competitions under this framework. With an evaluation based on a 70/30 price to quality ratio, firms that excel in providing both value and service capability can enhance their visibility and secure contracts with local authority clients, fostering business growth in upcoming procurement cycles.

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Notice Information

Notice Title

Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Material Damage, Computers, Contract Works, Money, All Risks, Fidelity Guarantee, Motor, Personal Accident & Travel excluding broker services and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 29th September 2021. This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

Lot Information

Material Damages, business interruption and contracts all risk policies

Further competition under Insurance Placement DPS 978 for Worcestershire County Council 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) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Fidelity Guarantee

Further competition under Insurance Placement DPS 978 for Worcestershire County Council 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) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Motor insurance policies

Further competition under Insurance Placement DPS 978 for Worcestershire County Council 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) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Personal accident and Travel

Further competition under Insurance Placement DPS 978 for Worcestershire County Council 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) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e942
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025044-2021
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, SME

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
£1,417,985 £1M-£10M

Notice Dates

Publication Date
7 Oct 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Sep 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Worcestershire County Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WORCETSER
Postcode
WR5 2NP
Postcode Area
Worcester
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
Delivery Location
Not specified
Local Authority
Worcester
Electoral Ward
Nunnery
Westminster Constituency
Worcester

Supplier Information

Number of Suppliers
3
Supplier Names

Maven Public Sector

Volante International Ltd T/A Edison Motor

Zurich Municipal

Further Information

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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