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PURCH2073 PROVISION OF FINE ART INSURANCE

University of Glasgow

This public procurement record has 1 release in its history.

Tender

06 May 2022 at 12:13

Tender Notice
Summary of the contracting process

The University of Glasgow is currently seeking tenders for the provision of Fine Art Insurance (Tender ID: PURCH2073) within the insurance services industry. This procurement process is at the Tender stage, with submissions due by 17 June 2022. The contract will be based in Glasgow and is expected to last for an initial period of 1800 days, with possibilities for renewal over an additional three years, potentially extending by 24 months. Interested suppliers are required to submit their responses electronically through the Public Contracts Scotland platform, as paper submissions will be rejected.

This tender presents significant opportunities for businesses in the insurance sector, particularly those that specialise in fine art coverage and have experience in dealing with valuable collections. Companies with robust indemnity insurance capabilities and strong financial turnover will be well-suited to compete, especially those that align with the University's commitment to community benefits in procurement. Engaging in this contract not only supports the University’s valuable art collection but also reinforces the importance of quality service and assurance in the field of insurance.

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Notice Information

Notice Title

PURCH2073 PROVISION OF FINE ART INSURANCE

Notice Description

PURCH2073 PROVISION OF FINE ART INSURANCE Tender documents available from Public Contracts Scotland. Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the 'Contact Us' option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx

Lot Information

Lot 1

PURCH2073 PROVISION OF FINE ART INSURANCE The University of Glasgow is a large, prestigious, research-focussed university with a significant collection of Fine Art. The Collection comprises several thousand permanent items, and items on long term loan, with a total declared value of GBP 514,581,806. A partial revaluation exercise of the collections is currently underway, to be completed in June 2022, which may result in a change to the Total Declared Value and/or the First Loss Limit. Please refer to PUCH2073 - SCHEDULE 2 SECTION 1 - SPECIFICATION for full details.

Renewal: Period of 3 years with the option to extend for 2 x 12 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0334d1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011828-2022
Current Stage
Tender
All Stages
Tender

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
Not specified

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
Not specified

Notice Dates

Publication Date
6 May 20224 years ago
Submission Deadline
17 Jun 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
This service will be re-tendered in 5 years.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Glasgow
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
G12 8QQ
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
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

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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