This public procurement record has 2 releases in its history.

TenderUpdate

14 Mar 2022 at 11:54

Tender

18 Feb 2022 at 13:09

Summary of the contracting process

The London Universities Purchasing Consortium (LUPC) is currently undertaking a tender for the provision of insurance services (excluding broking services). This procurement process falls under the open procedure as defined in the Public Contracts Regulations 2015 and is meant to serve approximately 35 participating institutions from various university purchasing consortia. The contract will begin on 1 August 2022 and will run for three years, with an option to extend for an additional two years. The current tender period concludes on 6 May 2022, following an extension; the service is classified under the insurance services category.

This tender presents a substantial opportunity for businesses specialising in insurance services, particularly those regulated by the Financial Conduct Authority. Companies with expertise in providing a wide range of insurance coverages such as property, liability, and specialist insurances would be well-suited to compete. The tender involves multiple lots, enabling companies to bid for specific areas of service according to their capabilities. Bidders should be prepared to demonstrate their financial stability, relevant experience, and compliance with regulatory requirements to succeed in this competitive procurement process.

How relevant is this notice?

Notice Title

LUPC Provision of Insurance Services (excluding Broking Services)

Notice Description

London Universities Purchasing Consortium (LUPC) is undertaking this tendering process in accordance with the Open Procedure requirements of PCR2015 for and on behalf of the Insurance Group (IG), a group of around 35 participating institutions, principally made up of members of LUPC (https://www.lupc.ac.uk/members/our-members) together with a number of SUPC institutions (http://www.supc.ac.uk/our-members/) and one NWUPC institution (https://www.nwupc.ac.uk/ourmembers). It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC (http://www.neupc.ac.uk/who-are-ourmembers). The appointed provider(s) will commence service 1 August 2022 and arrange the provision of a wide range of insurance services across 16 Lots (plus sub-Lots) on behalf of the IG. The initial length of this non-framework contract is three years with the option to extend two further years subject to satisfactory performance.

Lot Information

Property

Purchase of Material Damage, Business Interruption, Money, All Risks insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services). Additional information: Lot 1 also includes the provision to individually award on either a full or sub-Lot basis (Lots 1a, b and c), which are determined by the participating insurance group members.

Renewal: Each awarded contract is for an initial three years, with the option to extend for two further periods of one year each.

Computer

Purchase of Computer Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Contract Works

Purchase of Property Insurance Services (CAR) for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Combined Liability

Purchase of Employers Liability, Public Liability, Products Liability, Hirers Liability insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Excess Liability

Purchase of Excess Employers, Public and Products Liability Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Management Liability

Purchase of Directors & Officers, Officials Indemnity Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Professional Indemnity

Purchase of Professional Indemnity insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services). Additional information: Lot 7 also includes the provision to individually award on either a full or sub-Lot basis (Lots 7a and b), which are determined by the participating insurance group members.

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Crime

Purchase of Fidelity Guarantee, Crime insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Motor Fleet

Purchase of Motor Fleet insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Clinical Trials

Purchase of Clinical Trials Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Medical Malpractice

Purchase of Medical Malpractice Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Terrorism

Purchase of Terrorism Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Fine Art

Purchase of Fine Art All Risks Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Engineering Inspection and Insurance

Purchase of Engineering Insurance and Engineering Inspection Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Deterioration of Stock

Purchase of Deterioration of Stock Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Marine

Purchase of Marine Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).

Renewal: Contract is for three years, with the option to extend for two further periods of one year each.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0318cc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006842-2022
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

66512220 - Medical insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66514120 - Marine, aviation and other transport insurance services

66514150 - Vessel insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516300 - Vessel liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
£100,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Mar 20224 years ago
Submission Deadline
29 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Aug 2022 - 31 Jul 2027 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
London Universities Purchasing Consortium
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W1T 7NZ
Postcode Area
West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
TLJ South East (England)

Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

Open Contracting Data Standard (OCDS)

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