Tender

The provision of Captive Management Services for the NDA Group Captive company

NUCLEAR DECOMMISSIONING AUTHORITY

This public procurement record has 3 releases in its history.

TenderUpdate

12 Dec 2022 at 14:55

TenderUpdate

07 Dec 2022 at 17:22

Planning

07 Dec 2022 at 16:09

Summary of the contracting process

The Nuclear Decommissioning Authority is seeking to procure Captive Management Services for the NDA Group Captive company. The procurement falls under the services category with a focus on insurance services. This planned tender, with an estimated budget of £1,200,000, aims to appoint a single supplier for a 3-year contract with possible extensions. The NDA will host a supplier engagement event on 30th January 2023 for interested parties. The location of the procurement is in Cumbria, UK.

This opportunity presents a chance for businesses in the insurance and risk management sector to compete for a high-value contract with the Nuclear Decommissioning Authority. Companies offering insurance brokerage and agency services will find this tender particularly suited to their expertise. The structured format of the procurement process, including the planned supplier engagement event, offers a clear pathway for interested businesses to engage and potentially secure a lucrative contract.

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How relevant is this notice?

Notice Title

The provision of Captive Management Services for the NDA Group Captive company

Notice Description

NDA places over 20 different insurance and reinsurance policies on behalf of the NDA Group, some of which are or may be placed within the Captive,covering UK and overseas operational activities including rail and shipping. The Captive management services includes all activities for all policies, including but not limited to: placement, documentation, query resolution, assisting brokers with policy /technical wording review, risk management advice, strategic advice, contract clause review, technical advice, claims oversight and invoicing/payment. NDA reserves the right to allow its parent BEIS, and any other publicly owned organisations, access to utilise the contract if required.

Lot Information

Lot 1

The proposed duration of this Contract will be 3 years plus the option to extend by 1+1 years (5 years total). The procurement route will be by Find a Tender. NDA will appoint 1 supplier to provide all of the services required. Additional information: The NDA shall host a supplier engagement event on 30th January 2023 14:30 to 16:30 to register please respond to this notification using the portal confirming your interest, name, organisation, email address. This supplier event will be via a Microsoft teams conference. Maximum of 2 staff per supplier.

The estimated budget for this work will be to a maximum of PS1,200000 including any extensions

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-038b8e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035088-2022
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£850,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Dec 20223 years ago
Submission Deadline
Not specified
Future Notice Date
20 Mar 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CUMBRIA
Postcode
CA24 3HU
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified

Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

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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