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Insurance Tender

London Borough of Hackney

This public procurement record has 2 releases in its history.

Award

14 Apr 2023 at 08:41

Award Notice
Tender

11 Nov 2022 at 11:03

Tender Notice
Summary of the contracting process

The London Borough of Hackney has completed the 'Insurance Tender' procurement process. The tender was for comprehensive insurance arrangements split into 6 lots, including property, casualty, motor fleet, engineering, personal accident, and terrorism insurance. The contract has been awarded to various suppliers with a total value of £16,616,511. The procurement method used was an open procedure, and the contractual term is expected to commence from 1st April 2023 for an initial period of 3 years.

This public procurement opportunity with the London Borough of Hackney presents a lucrative chance for insurance service providers to engage in long-term contracts. Companies specializing in insurance services, particularly those offering property, casualty, or engineering-related coverages, are well-suited to compete. The contract comprises various lots, catering to different aspects of insurance, providing a diverse range of opportunities for interested businesses to participate and showcase their expertise.

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Notice Information

Notice Title

Insurance Tender

Notice Description

The London Borough of Hackney is seeking tender submissions from suitably experienced organisations to comprehensive insurance arrangements to be in place with effect from 1 April 2023 for a period of three (3) years with an option to extend the term for a further two (2) years. The tender is divided into 6 Lots: Property Casualty (Liability) & Fidelity Guarantee Motor Fleet Engineering Inspection & Insurance Personal Accident/Business Travel Terrorism

Lot Information

Property

Lot 1: Property insurance services

Casualty (Liability) & Fidelity Guarantee

Lot 2: Casualty (Liability) & Fidelity Guarantee insurance services

Motor Fleet

Lot 3: Motor Fleet insurance services

Engineering Inspection & Insurance

Lot 4: Engineering Inspection & Insurance services

Personal Accident/Business Travel

Lot 5: Personal Accident/Business Travel insurance

Terrorism

Lot 6: Terrorism insurance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03837a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010726-2023
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

66515000 - Damage or loss insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£21,529,011 £10M-£100M

Notice Dates

Publication Date
14 Apr 20233 years ago
Submission Deadline
19 Dec 2022Expired
Future Notice Date
Not specified
Award Date
3 Apr 20233 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
London Borough of Hackney
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI41 Hackney and Newham
Local Authority
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

Supplier Information

Number of Suppliers
6
Supplier Names

Arthur J. Gallagher Insurance Brokers Limited

British Engineering Services Limited

Protector Forsikring ASA

Protector Insurance

Risk Management Partners Ltd

Zurich Insurance plc (UK Branch) trading as Zurich Municipal

Further Information

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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