Award

Insurance Services (excluding Brokers)

UNIVERSITY OF SUNDERLAND

This public procurement record has 6 releases in its history.

Award

15 Aug 2023 at 16:51

TenderUpdate

10 May 2023 at 08:51

TenderUpdate

10 May 2023 at 08:49

TenderUpdate

27 Apr 2023 at 11:52

TenderUpdate

10 Mar 2023 at 07:13

Tender

09 Mar 2023 at 16:02

Summary of the contracting process

The University of Sunderland is procuring insurance services with a contract value estimated at GBP £1,500,000 to £2,000,000 over 5 years. The services will cover various types of insurances, and suppliers must express interest and sign a confidentiality agreement before receiving tender documents. The contract period is expected to be from August 2023 to July 2026, with possible extensions up to July 2028.

This tender provides an opportunity for FCA authorised insurance companies and discretionary mutuals to compete for providing insurance services to the University of Sunderland. The tender is currently at the award stage, with multiple active suppliers awarded contracts for different lots. Due to potential extensions, businesses suited for this tender should be prepared for a commitment over several years and demonstrate expertise in providing a range of insurance services.

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Notice Title

Insurance Services (excluding Brokers)

Notice Description

AwardedThe University of Sunderland and its subsidiaries are seeking value for money insurance services from August 2023 from FCA authorised insurance companies or discretionary mutuals. Policy cover is being sought for the following insurancesProperty damage Combined liabilityProfessional Negligence Motor FleetCrimeEngineering InspectionManagement LiabilityComputerPersonal Accident and TravelThe cover is expected to commence August 2023 to July 2026 (with up to 2 x 1 year extensions taking it to a possible July 2028). The overall contract value is estimated at GBP PS1,500,000 to PS2,000,000 over 5 years' note there are no guarantees on spend levels. We also reserve the right to spend an additional 75% of the original anticipated value, subject to changes to requirements across the University for the duration of the award.Suppliers who make an Expression of Interest will be asked to complete a confidentiality agreement prior to the tender documents being released

Lot Information

Property Damage including Material Damage, Business Interruption, Works in Progress, Money

Property Damage including Material Damage, Business Interruption, Works in Progress, Money

Combined Liability including Employment, Public and Products, Hirers, and Libel and Slander

Combined Liability including: Employment Liability. Public and Product Liability, Hirers Liability and Libel and Slander

Professional Negligence including Libel & Slander

Professional Negligence including Libel and Slander

Motor Fleet

Motor Fleet

Crime

Crime

Engineering Inspection

Engineering Inspection

Management Liability

Management Liability

Computer Insurance

Computer insurance

Personal Accident and Travel

Personal Accident and Travel

Renewal: Personal Accident and Travel Insurance

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b110
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023956-2023
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

66510000 - Insurance services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,500,000 £1M-£10M

Notice Dates

Publication Date
15 Aug 20232 years ago
Submission Deadline
27 Apr 2023Expired
Future Notice Date
Not specified
Award Date
31 Jul 20232 years ago
Contract Period
31 Jul 2023 - 31 Jul 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF SUNDERLAND
Additional Buyers

EUROPEAN UNION

Contact Name
Not specified
Contact Email
tenders@sunderland.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
SUNDERLAND
Postcode
SR1 3SD
Post Town
Sunderland
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC44 Sunderland
Delivery Location
TLC23 Sunderland, TLI42 Tower Hamlets

Local Authority
Sunderland
Electoral Ward
Millfield
Westminster Constituency
Sunderland Central

Supplier Information

Number of Suppliers
5
Supplier Names

AVIVA INSURANCE

BRITISH ENGINEERING SERVICES

CNA INSURANCE

RSA INSURANCE GROUP

ZURICH MUNICIPAL

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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