Tender

Insurance Broker

YORKSHIRE WATER SERVICES LIMITED

This public procurement record has 1 release in its history.

Tender

21 Apr 2022 at 13:53

Summary of the contracting process

The procurement process is being led by Yorkshire Water Services Limited, which is seeking tenders for the provision of insurance brokerage services. The tender, titled "Insurance Broker," falls under the services category and is part of a selective procurement method with a negotiated procedure following a prior call for competition. The tender is active and set to close on 20 May 2022. The estimated value of the contract is £575,000, designed to cover an initial term of 36 months with an option to extend for a further 24 months. The delivery location is within the Yorkshire Region, and businesses wishing to participate must submit their expression of interest through an electronic submission process detailed on the Yorkshire Water website.

This tender presents a significant opportunity for businesses in the insurance and financial services sectors, particularly those specialising in brokerage and risk management. Companies capable of offering comprehensive insurance coverage and supporting various policies would be well-suited to compete. The involvement of Kelda Group, the parent company of Yorkshire Water, provides further avenues for expansion, as the awarded contract may lead to additional business relationships within the wider group. Firms interested in this opportunity should ensure they meet the selection criteria outlined in the procurement documents and prepare to navigate the submission process via SAP Ariba.

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Notice Title

Insurance Broker

Notice Description

The tender is being led by YWS, however, the contract will be signed with Kelda, which is YWS parent company and is acquiring insurance for the whole group. The Kelda group includes Yorkshire Water Services, Loop Customer Management and Keyland Developments, with Yorkshire Water Services being the main subsidiary. Kelda has a requirement to sign a contract for insurance broker services, which can provide insurance coverage for all of required policies. This notice is seeking expression of interest for providing insurance broker services to Kelda. Please note that all bidders' expression of interest must be in the form of a completed Selection Questionnaire through SAP Ariba. In order to receive onboarding onto SAP Ariba, please email at qasim.ashraf@yorkshirewater.com

Lot Information

Lot 1

Supply of insurance broker services

Renewal: The initial contract term will be for 36 months, Kelda reserves the option to extend for a further 24 months, based on satisfactory performance of the contract by the service provider. Further details will be sent out in the procurement documents. The estimated value is based on the full potential contract term including renewal (i.e. 36 months + 24 months)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032f31
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010387-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£575,000 £500K-£1M
Lots Value
£575,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Apr 20223 years ago
Submission Deadline
20 May 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
YORKSHIRE WATER SERVICES LIMITED
Contact Name
Qasim Ashraf
Contact Email
qasim.ashraf@yorkshirewater.co.uk
Contact Phone
+44 7929171548

Buyer Location

Locality
BRADFORD
Postcode
BD6 2SZ
Post Town
Bradford
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE41 Bradford
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Bradford
Electoral Ward
Royds
Westminster Constituency
Bradford South

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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