Tender

Management of Captive Insurance

NUCLEAR DECOMMISSIONING AUTHORITY

This public procurement record has 1 release in its history.

Tender

20 Mar 2023 at 12:10

Tender Notice
Summary of the contracting process

The Nuclear Decommissioning Authority is seeking a captive insurance manager for Rutherford Indemnity Limited in Guernsey. The contract, valued at £1,250,000, has an initial duration of 36 months with possible extensions. The procurement method is an open procedure with electronic and written submission. The tender period ends on 24th April 2023, and bid validity expires on 1st September 2023.

This tender offers opportunities for insurance service providers interested in managing captive insurance companies. Businesses in the financial services sector, particularly those experienced in insurance services, would be well-suited to compete for this contract. The location is in the UK, specifically in Cumbria. The Nuclear Decommissioning Authority is the buying organisation for this procurement process.

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Notice Information

Notice Title

Management of Captive Insurance

Notice Description

Procurement is for the appointment of a captive manager to oversee the day-to-day running of the Guernsey-based NDA captive insurance company, Rutherford Indemnity Limited ("Rutherford").

Lot Information

Lot 1

Procurement is for the appointment of a captive manager to oversee the day-to-day running of the Guernsey-based NDA captive insurance company, Rutherford Indemnity Limited ("Rutherford"). Additional information: Duration is 36 months with the option to extend for a further 12 +12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b43b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007982-2023
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,250,000 £1M-£10M
Lots Value
£1,250,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 20232 years ago
Submission Deadline
24 Apr 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jul 2023 - 29 Jun 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Maddie Jones
Contact Email
madeline.jones@nda.gov.uk
Contact Phone
Not specified

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

Further Information

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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