Award

Further Competition under Insurance Placement DPS 978 for Derby Homes Ltd and their appointed Insurance Broker - Marsh

DERBY HOMES LTD

This public procurement record has 1 release in its history.

Award

17 Mar 2022 at 11:43

Summary of the contracting process

The procurement process involves Derby Homes Ltd, a public housing body located in Derby, UK, seeking insurance services through a tender process. The title of the tender is "Further Competition under Insurance Placement DPS 978." This process is currently in the award stage, having been awarded on 8th March 2022, with an active contract value of £550,000. The insurance portfolio is set for renewal on 1st April 2022, necessitating competitive procurement in accordance with the Public Contracts Regulations 2015, using a selective procurement method via the YPO Insurance Placement Dynamic Purchasing System (DPS).

This tender represents a significant opportunity for businesses in the insurance services sector, particularly those specialising in property and financial insurance. Companies that excel in providing quality insurance products and services will be well-positioned to compete for this contract. Small and medium-sized enterprises (SMEs) may find unique advantages in bidding for such public contracts, which offer a robust platform for business growth amidst the increasing demand for comprehensive insurance solutions in the public sector.

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Notice Title

Further Competition under Insurance Placement DPS 978 for Derby Homes Ltd and their appointed Insurance Broker - Marsh

Notice Description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Property Owners Combined (inc Terrorism) and Computers (inc Terrorism) and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1st April 2022. This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

Lot Information

Lot 1

Further Competition under Insurance Placement DPS for Derby Homes Ltd and their appointed Insurance Broker - Marsh

Options: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03231a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007296-2022
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

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£550,000 £500K-£1M

Notice Dates

Publication Date
17 Mar 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DERBY HOMES LTD
Contact Name
Michael Kirk
Contact Email
michael.kirk@derbyhomes.org
Contact Phone
+44 01332888703

Buyer Location

Locality
DERBY
Postcode
DE24 8UZ
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
Not specified

Local Authority
Derby
Electoral Ward
Alvaston North
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AVID INSURANCE SERVICES

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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