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Insurance Buildings and Business Interruption and Assoc Policies

University Of Edinburgh

This public procurement record has 1 release in its history.

Award

06 Sep 2022 at 11:21

Award Notice
Summary of the contracting process

The University of Edinburgh has awarded a contract for Insurance Buildings and Business Interruption and Associated Policies to Arthur J Gallagher Ltd. The tender was conducted through a negotiated procedure due to extreme urgency resulting from the sudden withdrawal of the incumbent supplier from the HE sector. The contract involves layered cover from multiple insurers/underwriters, with lead insurers including AXA XL, Aviva, Berkshire Hathaway, CAN, and Liberty. The contract value is £7,200,000, with a contract signing date of 31st July 2022.

This tender process by the University of Edinburgh presents opportunities for insurance service providers and businesses in the insurance sector. The procurement stage was conducted via a limited award procedure without prior publication of a call for competition, tailored to suit the critical needs arising from unforeseeable events. Companies specialising in insurance services, particularly those offering diverse coverage from multiple providers, would be well-suited to compete for similar tenders, leveraging their expertise in complex risk management and negotiation skills to meet urgent client requirements effectively.

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Notice Information

Notice Title

Insurance Buildings and Business Interruption and Assoc Policies

Notice Description

Insurance Buildings and Business Interruption and Assoc Policies

Lot Information

Lot 1

Buildings and Business Interruption Insurance and Associated Policies Contract Works, Deterioration of Stock, Computer Equipment, Money

Options: Potential to extend, not exceeding any legal restrictions.

Procurement Information

Please see additional information section for full explanation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03661a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024911-2022
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
£7,200,000 £1M-£10M

Notice Dates

Publication Date
6 Sep 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University Of Edinburgh
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH1 1HT
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J Gallagher Ltd

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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