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Mersey Gateway Insurance Provision

Halton Borough Council

This public procurement record has 2 releases in its history.

Award

22 Oct 2021 at 11:05

Award Notice
Award

11 Oct 2021 at 15:25

Award Notice
Summary of the contracting process

The procurement process pertains to the "Mersey Gateway Insurance Provision" conducted by Halton Borough Council, which is located in the UK. This procurement, classified under the insurance services category, is now complete following a limited tendering approach without prior call for competition. The tender was officially initiated on 22nd October 2021, with the insurance policies covering significant sums, including a total material damage insured value of £600,001,000 and business interruption cover of £201,895,000. The procurement was notably focused on insurance services for the Mersey Gateway Bridge, completed in October 2017, linking Runcorn and Widnes.

This tender presents significant opportunities for large insurance firms that specialise in comprehensive risk assessment and coverage solutions, particularly in sectors involving infrastructure and transport. With various policy lots available, including those for material damage, business interruption, and liability placement, successful bidders like Aviva Insurance Ltd, which secured multiple contracts, demonstrate the potential for substantial market growth in offering tailored insurance products. Businesses that possess the expertise in managing high-value insurance placements would be well-suited to engage in future contracts similar to this procurement.

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Notice Information

Notice Title

Mersey Gateway Insurance Provision

Notice Description

The Mersey Gateway is a new road crossing for the River Mersey and Manchester Ship Canal that was opened in October 2017. It provides a crossing that links the towns of Runcorn and Widnes in the Borough of Halton. Total Material Damage Sum Insured: 600,001,000.00 GBP Total Business Interruption Sum Insured: 201,895,000.00 GBP (representing a 42 month indemnity period.) Total Annual Revenue Value: 55,912,000.00 GBP

Lot Information

Material Damage & Business Interuption

Material Damage & Business Interruption Insurance Value plus Insurance Premium Tax @ 12% Policy from 12/10/21 - 11/10/22

Terrorism Placement

Terrorism Placement Value plus Insurance Premium Tax @ 12% Term - 12/10/21 - 11/10/22

Primary Third Party Liability (10 million GBP) Placement

Primary Third Party Liability (10 million gbp) Placement Value plus Insurance Premium Tax @ 12% Term - 12/10/21 - 11/10/22

1st Excess Layer Third Party Liability (40 million GBP in excess of 10 million GBP) Placement

1st Excess Layer Third Party Liability (40 million gbp in excess of 10 million gbp) Placement Value plus Insurance Premium Tax @ 12% Term - 12/10/21 - 11/10/22

2nd Excess Layer Third Party Liability (40 million GBP in excess of 10 million GBP) Placement

2nd Excess Layer Third Party Liability (40 million gbp in excess of 10 million gbp) Placement Value plus Insurance Premium Tax @ 12% Value - 12/10/21 - 11/10/22

Procurement Information

In accordance with (32)(2)(a)of the public regulations 2015: no suitable tenders were submitted in response to an open procedure conducted by the contracting authority previously - this remains the same requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02ea88
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026492-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a 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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£535,273 £500K-£1M

Notice Dates

Publication Date
22 Oct 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 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
Halton Borough 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
WIDNES
Postcode
WA8 7DZ
Postcode Area
Warrington
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD71 East Merseyside
Delivery Location
TLD71 East Merseyside
Local Authority
Halton
Electoral Ward
Central & West Bank
Westminster Constituency
Widnes and Halewood

Supplier Information

Number of Suppliers
3
Supplier Names

Aviva Insurance Ltd

Chubb European Group SE

QBE European Operations

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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