Award

LCDL PROPERTY INSURANCE EXCLUDING BUILDING 3.2

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

07 Jun 2022 at 13:37

Tender

16 Mar 2022 at 13:10

Summary of the contracting process

Lancashire County Council is conducting a public procurement process for an insurance service titled "LCDL PROPERTY INSURANCE EXCLUDING BUILDING 3.2." This open procedure, classified under the CPV code for insurance services, is aimed at providing a Property Owners policy for 31 commercial premises located on two industrial estates. The tender submission period ended on 20th April 2022, with bids requiring a validity of 120 days. The total value of the insurance service is estimated at £780,000, and the awarded contract currently has an active status, signed on 12th May 2022, with a duration of up to five years and the potential for renewal.

This procurement process presents significant growth opportunities for businesses, particularly those in the insurance sector with experience in commercial property policies. Smaller firms and larger insurance providers alike may find competitive advantages through this tender as it seeks comprehensive coverage options, including loss of rent and property owners' liability. Companies interested in expanding their portfolio should consider engaging with Lancashire County Council to explore future procurement avenues, as there is potential for re-procurement after the initial contract period, dependent on the contracting authority's discretion.

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Notice Title

LCDL PROPERTY INSURANCE EXCLUDING BUILDING 3.2

Notice Description

To provide quotations for Property Owners policy covering 31 commercial premises located on two industrial estates. Cover to include loss of rent and property owners liability.

Lot Information

Lot 1

To provide quotations for Property Owners policy covering 31 commercial premises located on two industrial estates. Cover to include loss of rent and property owners liability.

Renewal: The insurance policy is to be in place for 5 years, following which there may not be an opportunity for re-procurement. The Tender Documents outlines any relevant break clauses or periods within the awarded term where a re-procurement could occur. Any re-procurement will be at the discretion of the contracting authority and will be completed compliantly.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03229e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015645-2022
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£780,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£510,000 £500K-£1M

Notice Dates

Publication Date
7 Jun 20223 years ago
Submission Deadline
20 Apr 2022Expired
Future Notice Date
Not specified
Award Date
11 May 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
The Policy is available for up to 5 years, following which there is potential for the services to be continually required therefore there is potential (but not guarantee) for the policy to be re-procured. Any re-procurement is at the discretion of the contracting authority and will be completed compliantly.

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
LANCASHIRE COUNTY 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
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England), TLD3 Greater Manchester

Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

AVIVA INSURANCE

Open Contracting Data Standard (OCDS)

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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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