Tender

Provision of Insurance Services in respect of Leasehold Properties and Equity Share / Mortgaged Properties (excluding the provision of insurance broking services)

SOUTHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Oct 2021 at 19:10

Summary of the contracting process

The Southampton City Council is currently seeking tenders for the provision of insurance services related to leasehold properties and equity share/mortgaged properties, with a total estimated value of £1.7 million. The procurement process is at the active tender stage, with submissions open from 18th October 2021 until 17th November 2021. Interested parties must submit clarification requests by 8th November 2021 and ensure that coverage commences on 1st April 2022. The tender is managed by Marsh, the Council's retained insurance broker and risk advisor, and entails an open procurement method.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those offering coverage for damage to buildings, loss of rent, and property owners' liability. Companies with expertise in contractor's all-risk insurance services and other related insurance solutions will be well-positioned to compete. Additionally, businesses capable of adhering to the submission terms and deadlines outlined by Southampton City Council can leverage this opportunity to expand their service offerings in the public sector.

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Notice Title

Provision of Insurance Services in respect of Leasehold Properties and Equity Share / Mortgaged Properties (excluding the provision of insurance broking services)

Notice Description

Damage to Buildings, Loss of Rent and Property Owners Liability insurance cover to protect the Southampton City Council's (the Council) and Leaseholders' interest in properties owned by the Council

Lot Information

Lot 1

Damage to Buildings, Loss of Rent and Property Owners Liability insurance cover to protect the Southampton City Council's (the Council) and Leaseholders interest in properties owned by the Council. Additional information: Cover must be in place from/commence on 1st April 2022. The tender is due to be in the market from 18.10.21 to 17.11.21. final date for clarification requests will be 08.11.2021. The tender is being managed by Marsh, the Contracting Authority's retained Insurance Broker and Risk Advisor

Renewal: Possible 24 months extension

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02ed02
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026005-2021
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66513200 - Contractor's all-risk insurance services

66515000 - Damage or loss insurance services

66516400 - General liability insurance services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
£1,700,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20214 years ago
Submission Deadline
17 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
SOUTHAMPTON CITY COUNCIL
Contact Name
Procurement Team
Contact Email
procurement@southampton.gov.uk
Contact Phone
+44 2380832931

Buyer Location

Locality
SOUTHAMPTON
Postcode
SO14 7LY
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
TLJ32 Southampton

Local Authority
Southampton
Electoral Ward
Bargate
Westminster Constituency
Southampton Itchen

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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