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Scottish Canals Insurance Services - Contract Extension

Scottish Canals

This public procurement record has 1 release in its history.

AwardUpdate

01 Apr 2022 at 08:43

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Summary of the contracting process

Scottish Canals is currently in the award stage of the procurement process for the "Scottish Canals Insurance Services - Contract Extension," aimed at extending an existing contract for various insurance services by 12 months. This contract, valued at £1,883,994, encompasses a range of policies including commercial combined insurance and professional indemnity. The contract was signed on 31st March 2022 and is located in Glasgow, UK, with a performance period lasting 360 days. The procurement was initiated as a tender under legal provisions intended for procurement processes.

This contract extension presents substantial opportunities for companies specialising in insurance services, particularly those capable of adapting to the evolving risk assessments necessitated by recent COVID-19 restrictions. Businesses focused on comprehensive insurance solutions, including management liability and property insurance, will be well-positioned to compete. Given that this is an extension rather than a new tender, suppliers already engaged with Scottish Canals will have a competitive advantage, yet new entrants with innovative insurance models may also find avenues for collaboration or participation in future procurement cycles.

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Notice Information

Notice Title

Scottish Canals Insurance Services - Contract Extension

Notice Description

Lot Information

Lot 1

Scottish Canals are looking to extend their current contract for group insurance insurance policies by 12 months: COMMERCIAL COMBINED COMBINED LIABILITIES MANAGEMENT LIABILITY PROFESSIONAL INDEMNITY MOTOR FLEET PROPERTY OWNERS PROPERTY OWNERS LIABILITY ENGINEERING INSPECTION MARINE / SHIP HULL EXCESS LIABILITY

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0328d2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008759-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,883,994 £1M-£10M

Notice Dates

Publication Date
1 Apr 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Canals
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G4 9SP
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Canal
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
4
Supplier Names

American International Group UK Limited

Inspection Network Limited

RSA Insurance Group Ltd

Travelers Insurance Company 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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