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Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and their appointed Insurance Broker - Marsh

Bracknell Forest Borough Council

This public procurement record has 1 release in its history.

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03 Mar 2022 at 15:09

Award Notice
Summary of the contracting process

The Bracknell Forest Council has recently completed a tender process for insurance services with the title "Further Competition under Insurance Placement DPS 978". This procurement falls under the category of services and is specifically focused on procuring insurance cover for the Council's Leasehold and Homebuy Property portfolio. The contract was established through a selective procurement method, specifically a restricted procedure. The successful bid, awarded to Avid Insurance Services Ltd., is active and was formally signed on 4th February 2022 with a contract value of £58,100. This contract covers a period of seven years, commencing on 1st April 2022, which includes options for extensions over three additional years.

This tender presents a lucrative opportunity for businesses in the insurance sector, particularly those that specialise in providing coverage for property portfolios. Companies seeking to grow their business should consider participating in similar tenders, especially those with expertise in municipal or governmental insurance services. The competitive nature of this procurement process highlights the importance of quality and price in winning contracts, making it beneficial for both large firms and small to medium-sized enterprises (SMEs) to engage in such opportunities to expand their market presence in the public sector.

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Notice Information

Notice Title

Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority is running a further competition to procure insurance cover for its Leasehold and Homebuy Property portfolio via the YPO's Insurance Placement DPS, ref no 000978

Lot Information

Lot 1

Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and their appointed Insurance Broker - Marsh

Options: The contract will cover a period of seven years from 1 April 2022 covering an initial period of three years plus two optional extensions each of two years (i.e. 3 + 2 + 2).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-031d9f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005894-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
SME

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
£58,100 Under £100K

Notice Dates

Publication Date
3 Mar 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
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
Bracknell Forest 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
BRACKNELL
Postcode
RG12 1JD
Postcode Area
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ15 Berkshire East
Delivery Location
Not specified
Local Authority
Bracknell Forest
Electoral Ward
Town Centre & The Parks
Westminster Constituency
Bracknell

Supplier Information

Number of Suppliers
1
Supplier Name

Avid Insurance Services Ltd

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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