This public procurement record has 3 releases in its history.

Award

21 Jul 2023 at 14:22

TenderUpdate

25 Apr 2023 at 16:10

Tender

06 Apr 2023 at 10:46

Summary of the contracting process

The contracting process is being managed by YPO, a central purchasing body, for the procurement of insurance brokerage and associated services. The tender title is "YPO - 001160 - Insurance brokerage and associated services II", under the financial and insurance services category. The procurement stage is complete, with a total contract value of £8,000,000. The main procurement method is an open procedure. The deadline for the submission of tenders was initially 15th May 2023 but was extended to 17th May 2023.

This tender by YPO offers business growth opportunities for insurance brokerage providers seeking to access a Framework Agreement to supply services across multiple public sectors. Companies with expertise in insurance brokerage, procurement of insurance covers, and consultancy services are well-suited to compete. The contract period for the selected provider will be from 5th July 2023 to 4th July 2027, with potential for renewal. The tender focuses on quality, social value, and cost as key award criteria, providing a fair chance for businesses to demonstrate their capabilities and enhance their market presence.

How relevant is this notice?

Notice Title

YPO - 001160 - Insurance brokerage and associated services II

Notice Description

YPO are looking for Providers to be appointed onto a Framework Agreement for the supply of insurance brokerage service provision and associated services for use across the whole Public Sectors. This Framework is designed to meet the needs of YPO and Other Contracting Authorities by establishing an agreement where the end Customer will place the order with the Provider and the Provider delivered direct to the end Customer.

Lot Information

Lot 1

This Framework is for the supply of Insurance Brokerage provision and Associated Services to allow a Contracting Authority to appoint one chosen Insurance Broker as their representative on matters relating to insurance. This opportunity relates to the provision of insurance brokerage and associated services which includes but is not limited to: - the provision of advice and recommendation on a range of insurance covers - the design or assistance with the design of insurance programme; - the procurement or assistance in the procurement of the required insurance covers and the completion of the insurance placement; and - the provision of consultancy on a wide range of associated services

Renewal: There is a possibility that this Framework will be subject to renewal after 3.5 years from the commencement date

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03bd29
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021130-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
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

66000000 - Financial and insurance services

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£8,000,000 £1M-£10M

Notice Dates

Publication Date
21 Jul 20233 years ago
Submission Deadline
15 May 2023Expired
Future Notice Date
Not specified
Award Date
23 Jun 20233 years ago
Contract Period
5 Jul 2023 - 4 Jul 2027 4-5 years
Recurrence
There is a possibility that this Framework will be subject to renewal after 3.5 years from the commencement date

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
YPO
Additional Buyers

ESPO

NEPO

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ENDERBY, LEICESTER
Postcode
WF2 0XE
Postcode Area
Wakefield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE45 Wakefield
Delivery Location
Not specified

Local Authority
Wakefield
Electoral Ward
Wrenthorpe and Outwood West
Westminster Constituency
Wakefield and Rothwell

Supplier Information

Number of Suppliers
4
Supplier Names

Aon UK Limited

Arthur J. Gallagher Insurance Brokers Limited

Marsh Limited

Willis Limited

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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