Tender

Property insurances

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Planning

28 Feb 2022 at 22:45

Summary of the contracting process

The University of Bristol is currently in the tender stage of procuring property insurance services, with a total contract value of £7,500,000. This process is managed by Arthur J. Gallagher Insurance Brokers Ltd, who will negotiate with insurers based on the University’s risk profile. The tender period is set to close on 6 April 2022, with the expected contract to start on 1 August 2022 and run for a duration of up to three years, ending on 31 July 2025. The services are required in Bristol, UK, and involved parties must comply with specific financial regulations applicable to insurers.

This tender presents a significant opportunity for insurance companies registered with the Financial Conduct Authority, particularly those with expertise in property and fire insurance services. Firms that can provide flexible coverage solutions, whether through scheduled or layered arrangements, will be well-positioned to compete. Additionally, businesses capable of demonstrating regulatory compliance and past performance in similar contracts may enhance their chances of success in this competitive procurement process.

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Notice Title

Property insurances

Notice Description

Property insurances as required by the University of Bristol. The tender process is being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher insurance Brokers Ltd. This may be amended from time to time to meet changes in the University's requirements.

Lot Information

Lot 1

The University of Bristol is seeking to secure property insurances. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 3 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2022 or for a single years plus 2 extension options for a further year.

Renewal: It is anticipated that the requirement will be renewed before the expiry of any contract to ensure continuity of cover.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-031c0b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005487-2022
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£7,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Feb 20223 years ago
Submission Deadline
6 Apr 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 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
UNIVERSITY OF BRISTOL
Contact Name
Not specified
Contact Email
martyn.dean@bristol.ac.uk
Contact Phone
+44 01173940653

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK11 Bristol, City of

Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

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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