Planning

C1189 - Insurance Brokerage Services

NORTHERN IRELAND WATER LIMITED

This public procurement record has 1 release in its history.

Planning

07 Feb 2023 at 14:53

Summary of the contracting process

The Northern Ireland Water Limited is planning a procurement process for Insurance Brokerage Services under the title "C1189 - Insurance Brokerage Services" in the services category. The procurement involves providing various insurance covers and risk management services over a 3-year contract with possible extensions. The main procurement method is anticipated to be Negotiated with prior call for competition, with Quality 65% and Price 35% split. The communication of future notices is scheduled for 3rd April 2023.

This tender by Northern Ireland Water Limited presents business growth opportunities for insurance brokerage firms capable of providing a wide range of insurance covers and risk management services. Businesses with expertise in insurance services, risk identification, and control, along with a track record of managing tender exercises and providing innovative insurance solutions, would be well-suited to compete in this procurement process. The focus on quality and potential for contract extensions make this tender suitable for businesses looking for a long-term partnership in the insurance sector.

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Notice Title

C1189 - Insurance Brokerage Services

Notice Description

Provision of insurance brokerage services and potentially risk management services to include risk identification, analysis and control. Bidders participating in this tender must be capable of providing brokerage services for the NI Water Group for all of the below insurance covers and providing advice on the quality and effectiveness of our: * Employers Liability (including excess layers) * Public Liability (including excess layers) * Commercial Property and Business Interruption * Environmental Impairment Liability * Motor Fleet * Computer and Portable Equipment and Data risks * Directors and Officers (including Employment Practices Liability) * Professional Indemnity * Pension Trustee Liability * Terrorism * Crime * Cyber * Parametric insurances * Solar farm * Travel and Personal Accident There may be other ad hoc requirements as and when they arise, for example, through changes to our risk profile which necessitates new insurance cover. It is anticipated that, at a minimum, bidders will be expected to undertake the following (list not exhaustive): * Be proactive in the design, implementation, maintenance and servicing of NI Water's insurance programme and total cost of insurance risks; * Manage a tender exercise on NI Water's behalf in accordance with the Utilities Contract Regulations 2016; * Provide an effective insurance programme to meet NIW's business risks; * Plan and schedule a programme of works to deliver the required service over the length of the contract; * Work with NI Water to increase its profile in the insurance market; * Support NI Water in resolving queries with insurance companies; * Provide claims advice and assistance with large losses; * Provide insurance risk services which may be relevant to NI Water including advice on best practice within the industry and legislative changes/requirements and forward risk management; * Innovate in respect of improvements to programme structures or methods of working; * Propose alternative risk financing options as appropriate to government owned company; * Provide 24 hour access in an emergency; * Provide insurance advice on contractual matters; * Provide support, assistance and advice in relation to complex insurance claim settlements; and * Support and contribute towards NI Water's risk management through workshops and awareness sessions. Duration is anticipated to be a 3 year Contract with the option to extend for 1+1 years.

Lot Information

Lot 1

It is anticipated that the Negotiated with prior call for competition procedure will be used for this procurement. It will be based on the Most Economically Advantageous Tender (MEAT). The price quality split is anticipated to be: - Quality 65% (including Social Values) - Price 35% This may be subject to change.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03a38e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003738-2023
Current Stage
Planning
All Stages
Planning

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

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

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

Notice Dates

Publication Date
7 Feb 20233 years ago
Submission Deadline
Not specified
Future Notice Date
2 Apr 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
NORTHERN IRELAND WATER LIMITED
Contact Name
Not specified
Contact Email
sourcing@niwater.com
Contact Phone
Not specified

Buyer Location

Locality
BELFAST
Postcode
BT14 6TE
Post Town
Northern Ireland
Country
Northern Ireland

Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland

Local Authority
Belfast
Electoral Ward
Chichester Park
Westminster Constituency
Belfast North

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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