This public procurement record has 2 releases in its history.

Award

05 Oct 2022 at 11:30

Tender

28 Jun 2022 at 15:22

Summary of the contracting process

The Milton Keynes Council is seeking services for Leaseholders Insurance, with an awarded contract to Aspen Insurance UK Limited. The procurement process is currently in the tender stage. The contract value is £2,136,160.25 GBP, and the contract was signed on 30th September 2022.

This opportunity for Leaseholders Insurance presents a chance for insurance companies experienced in providing cover for the public sector to compete. Applicants must be FCA registered and hold a rating of BBB+ or better. The tender involves a three-year initial agreement with a potential extension of up to two years. The submission deadline for bids is 29th July 2022.

How relevant is this notice?

Notice Title

22006 Milton Keynes Leaseholders Insurance 2022

Notice Description

Cambridgeshire Insurance wishes to invite tenders for the supply of services in respect of Milton Keynes Council Leaseholders Insurance as detailed within the tender documentation. Arthur J Gallagher has been selected to assist in the tender of Milton Keynes Council Leaseholder Insurance Programme. Please note that this does not stop other entities of Arthur J. Gallagher bidding from any of lots detailed in this notice. Please note that Insurance brokers are not permitted to bid for this procurement.

Lot Information

Lot 1

Leaseholders Insurance for Milton Keynes Council

Renewal: The Authority is looking for a initial long term agreement of three years with option to extend for up to two further years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034b92
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027949-2022
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£2,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,136,160 £1M-£10M

Notice Dates

Publication Date
5 Oct 20223 years ago
Submission Deadline
29 Jul 2022Expired
Future Notice Date
Not specified
Award Date
30 Sep 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
The potential of up 5 years time depending on market conditions, authorities operating model at the time as to whether Insurance is required and whether contract extensions are taken.

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
Milton Keynes Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MILTON KEYNES
Postcode
MK9 3EJ
Postcode Area
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
TLJ12 Milton Keynes

Local Authority
Milton Keynes
Electoral Ward
Central Milton Keynes
Westminster Constituency
Milton Keynes Central

Supplier Information

Number of Suppliers
1
Supplier Name

Aspen Insurance UK Limited

Open Contracting Data Standard (OCDS)

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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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