Tender

LiveWest - Provision of Insurance and Related Services

LIVEWEST HOMES LIMITED

This public procurement record has 1 release in its history.

Tender

14 Jun 2022 at 15:46

Summary of the contracting process

LiveWest Homes Limited has initiated a tender for the provision of insurance and related services, with the procurement classified under financial and insurance services. The procurement process is currently at the active stage, following an open procedure that began on 20 June 2022. Key deadlines include the contract's implementation starting on 15 December 2022, and the bid opening scheduled for 1 September 2022. The total value of the contract is set at £8,000,000, and the tender is located in the UK.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those able to provide comprehensive coverage for properties, crime policies, and cyber insurance. Companies that meet the minimum qualifications set by LiveWest will have the opportunity to compete for a contract initially lasting three years, with potential extensions, making it suitable for established firms in the insurance space seeking to expand their service offerings within the housing sector.

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Notice Title

LiveWest - Provision of Insurance and Related Services

Notice Description

LiveWest intend to run a tender to contract with a supplier of insurance and related services. * The nature of the contract is for the provision of Insurance and related services including claims handling services as required by LiveWest and its subsidiary Companies. * The contract will initially run for three years (or periods of insurance) commencing at midnight on 15 December 2022. LiveWest has the option to extend the contract at its sole discretion for a further period of up to two years. * For reasons of confidentiality only companies who can demonstrate the minimum requirements mentioned in point 5 will be invited to bid and be in receipt of the full tender package. * The content of the insurance provide will include: - Provision of comprehensive buildings insurance for rented and affordable home ownership properties, totalling ca. PS6bn insured sums - Provision of PS100m public liability insurance - Provision of minimum PS3m cyber insurance - Provision of crime policies to indemnify in case of fraud, theft, etc. - Provision of cover in case of terror attack to indemnify in case of total loss of stock

Lot Information

Lot 1

LiveWest intend to run a tender to contract with a supplier of insurance and related services. * The nature of the contract is for the provision of Insurance and related services including claims handling services as required by LiveWest and its subsidiary Companies. * The contract will initially run for three years (or periods of insurance) commencing at midnight on 15 December 2022. LiveWest has the option to extend the contract at its sole discretion for a further period of up to two years. * For reasons of confidentiality only companies who can demonstrate the minimum requirements mentioned in point 5 will be invited to bid and be in receipt of the full tender package. * The content of the insurance provide will include: - Provision of comprehensive buildings insurance for rented and affordable home ownership properties, totalling ca. PS6bn insured sums - Provision of PS100m public liability insurance - Provision of minimum PS3m cyber insurance - Provision of crime policies to indemnify in case of fraud, theft, etc. - Provision of cover in case of terror attack to indemnify in case of total loss of stock

Renewal: Two extension period of 12 months each

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034677
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016338-2022
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
£8,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20223 years ago
Submission Deadline
20 Jun 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
LIVEWEST HOMES LIMITED
Contact Name
Not specified
Contact Email
michael.maude@livewest.co.uk
Contact Phone
Not specified

Buyer Location

Locality
EXETER
Postcode
N/A
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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