Award

Insurance coverage and associated service (not broking services)

LONDON BOROUGH OF BARKING AND DAGENHAM

This public procurement record has 2 releases in its history.

Award

30 Apr 2023 at 15:08

Tender

01 Dec 2022 at 16:28

Summary of the contracting process

The London Borough of Barking and Dagenham has awarded contracts for insurance coverage and associated services. The procurement process has concluded, with contracts split into eight lots covering various types of insurance. The suppliers include Risk Management Partners Ltd and Zurich Insurance. The contracts were signed on April 1, 2023, with a total value exceeding £14 million.

This tender process by the London Borough of Barking and Dagenham presents business opportunities for insurance service providers. Companies offering a wide range of insurance services, including general property, casualty, motor fleet, and medical malpractice insurance, may find this tender suitable for business growth. With diverse insurance requirements across different lots, businesses with expertise in various insurance fields are well-suited to compete effectively.

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Notice Title

Insurance coverage and associated service (not broking services)

Notice Description

The Council (the Contracting Authority) tendered and awarded a contract for the provision of insurances coverage and associated services. The contracts are split into lots as follows: Lot 1 - General property including Computers, Contract Works, Business Interruption, Special (all) risks and Money. Lot 2 - Commercial & Industrial properties let to tenants. Lot 3 - Casualty insurance including Employers/Public/Products Liability, Officials Indemnity, Professional Negligence, Public Health, Hirers Liability and Fidelity Guarantee Lot 4 - Motor Fleet insurance Lot 5 - Personal Accident & Travel insurance Lot 6 - Engineering services (Inspection and Insurance) Lot 7 - Medical Malpractice Lot 8 - Fine Art

Lot Information

General property including Computers, Contract Works, Business Interruption, Special (all) risks and Money

Insurance services for General property including Computers, Contract Works, Business Interruption, Special (all) risks and Money

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Commercial & Industrial properties let to tenants

Insurance services for Commercial & Industrial properties let to tenants

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Casualty insurance including Employers/Public/Products Liability, Officials Indemnity, Professional Negligence, Public Health, Hirers Liability and Fidelity Guarantee

Insurance services for Casualty insurance including Employers/Public/Products Liability, Officials Indemnity, Professional Negligence, Public Health, Hirers Liability and Fidelity Guarantee

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Motor Fleet insurance

Insurance service for Motor Fleet insurance

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Personal Accident & Travel insurance

Insurance services for Personal Accident & Travel insurance

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Engineering services (Inspection and Insurance)

Insurance services for Engineering services (Inspection and Insurance)

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Medical Malpractice

Insurance services for Medical Malpractice

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Fine art

Insurance services for Fine art

Renewal: This contract may be extended by two further 12 month periods to a maximum contract term of 60 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0389fa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012415-2023
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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£10,500,000 £10M-£100M
Lots Value
£9,405,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£10,494,033 £10M-£100M

Notice Dates

Publication Date
30 Apr 20232 years ago
Submission Deadline
27 Jan 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20232 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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BARKING AND DAGENHAM
Contact Name
Not specified
Contact Email
procurement@lbbd.gov.uk
Contact Phone
+44 2082153000, +44 2087242816

Buyer Location

Locality
BARKING
Postcode
IG11 7LU
Post Town
Ilford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI52 Barking & Dagenham and Havering
Delivery Location
TLI52 Barking & Dagenham and Havering

Local Authority
Barking and Dagenham
Electoral Ward
Abbey
Westminster Constituency
Barking

Supplier Information

Number of Suppliers
2
Supplier Names

RISK MANAGEMENT PARTNERS

ZURICH INSURANCE

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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