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Insurance Provision

City of Lincoln

This public procurement record has 1 release in its history.

Planning

18 Nov 2021 at 11:07

Planning Notice
Summary of the contracting process

The City of Lincoln Council is planning a procurement process for insurance services, titled "Insurance Provision", which will encompass several specific coverage areas, including property, casualty, and cyber insurance. The procurement falls under the services category and is expected to take place in the UK, specifically in the Lincoln region. It is anticipated that a contract notice will be published in January 2022, with the contract period estimated to commence on April 16, 2022, lasting for three years, with a potential extension of two additional years. The total estimated value of the contract is £1 million, and the procurement will be conducted under the Open procedure. The council is reserving the right to amend the details concerning the specific lots prior to the release of the contract notice.

This tender offers substantial opportunities for growth for businesses involved in various insurance sectors, including those specialising in property, liability, and cyber insurance. Companies capable of providing comprehensive insurance services, particularly those willing to bid on individual lots or a combination of them, would be well-positioned to compete. Additionally, entities seeking to engage with the City of Lincoln Council and benefit from pre-engagement mechanisms can do so by contacting The Risk Factor before November 30, 2021, enhancing their chances of success in the upcoming procurement.

How relevant is this notice?

Notice Information

Notice Title

Insurance Provision

Notice Description

This is a Prior Information Notice (PIN) regarding the provision of insurance services for the City of Lincon Council (COL) and there is no requirement for insurance brokerage services. COL are looking to publish a contract notice early in the New Year (Jan 2022) to procure its suite of insurance requirements which include property and ancillary coverage, casualty Insurance coverage including financial lines, motor vehicle Insurance coverage, terrorism, cyber and engineering inspection services along with liability claims handling services. It is envisaged that the service provision will be advertised as separate Lots as included within this notice and bidders will be permitted to bid for individual &/or any combination of lots. It is further envisaged that the procurement will be carried out under the Open procedure. The contract period is estimated to run from 16.04.2022 for a period of 3 years with the option to extend, at COL's discretion, for a further 2 year period. The estimated value of the contract is PS1M* The council reserves the right to alter lot titles and further detail regarding the lots and the final versions will be set out clearly in the contract notice and the ITT documentation. Any bidders wishing to pre-engage with the contracting authority prior to release of the contract notice may do so by contacting support@theriskfactor.com and this will be arranged accordingly. The maximum time allotted will be 40 minutes per bidder and a maximum of 5 time-slots will be allocated on a first come first served basis. No further pre-engagement will be carried out after 30th November 2021. Notes from the pre-engagement meeting will be recorded and will be shared with all potential bidders as part of the ITT documentation. At this stage, as an initial indication, it is envisaged that bidders will be able to bid for individual &/or any combination of lots, however it should be noted that further detail relating to the specific breakdown of lots and services will be set out clearly in the contract notice, and Invitation To Tender documentation.

Lot Information

Property , Business Interruption, Works In Progress, All Risks & Computers(Excluding Listed Buildings)

Property , Business Interruption, Works In Progress, All Risks & Computers(Excluding Listed Buildings)

Leasehold Property including Property Owners Liability

Leasehold Property including Property Owners Liability

Employers & Public/Products Liability, Professional Indemnity, Officials Indemnity, Libel & Slander

Employers & Public/Products Liability, Professional Indemnity, Officials Indemnity, Libel & Slander

Motor Insurance including Motor Legal Expenses

Motor Insurance including Motor Legal Expenses

Property Insurance (Listed Buildings including Fine Art & Civic Regalia)

Property Insurance (Listed Buildings including Fine Art & Civic Regalia)

Cyber Insurance

Cyber Insurance

Crime Insurance

Crime Insurance

Terrorism Insurance

Terrorism Insurance

Engineering Inspections and Insurance

Engineering Inspections and Insurance

Claims Handling and Legal Services

Claims Handling and Legal Services

Business Travel Insurance

Business Travel Insurance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f7e0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028785-2021
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66512000 - Accident and health insurance services

66513000 - Legal insurance and all-risk insurance services

66513100 - Legal expenses insurance services

66514110 - Motor vehicle insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
£1,503,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

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

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
City of Lincoln
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LINCOLN
Postcode
LN1 1DD
Postcode Area
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF3 Lincolnshire
Local Authority
Lincoln
Electoral Ward
Carholme
Westminster Constituency
Lincoln

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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