Award

Property Portfolio Insurance

WELSH GOVERNMENT

This public procurement record has 1 release in its history.

Award

06 May 2022 at 13:59

Summary of the contracting process

The Welsh Government is seeking providers for "Property Portfolio Insurance", classified under insurance services within the broader services category. This procurement process, which is currently at the Award stage, involved a limited procurement method with a mini-competition through the Yorkshire Purchasing Organisation's dynamic purchasing system. The contract has been awarded to Maven Public Sector, with a total value of £866,000, and was signed on 24 March 2022. The relevant delivery address for this procurement is located in the UKL region.

This tender presents significant opportunities for businesses in the insurance sector, particularly those specialising in property insurance services. Companies with experience in public sector insurance or large-scale risk management are well-positioned to respond to similar future tenders. Given the Welsh Government's preference for dynamic purchasing systems, it is advisable for interested suppliers to engage in such frameworks to enhance their chances of success in upcoming competitions.

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Notice Title

Property Portfolio Insurance

Notice Description

Contract Award Notice for Insurance services for Welsh Government property.

Lot Information

Lot 1

Contract award for insurance services for Welsh Government property conducted as a mini-competition through the Yorkshire Purchasing Organisation Insurance Placement dynamic purchasing system (DPS) - 978.

Procurement Information

Mini-competition conducted through the Yorkshire Purchasing Organisation Insurance Placement dynamic purchasing system (DPS) - 978.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0334f8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011867-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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
£866,000 £500K-£1M

Notice Dates

Publication Date
6 May 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WELSH GOVERNMENT
Contact Name
Not specified
Contact Email
cpsprocurementadvice@gov.wales
Contact Phone
+44 3000257095

Buyer Location

Locality
CARDIFF
Postcode
CF10 3NQ
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
TLL Wales

Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

MAVEN PUBLIC SECTOR

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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