Tender

NU/1898 Property & Professional Indemnity Insurance

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Planning

24 Apr 2023 at 09:26

Planning Notice
Summary of the contracting process

Newcastle University has initiated a tender process for Property & Professional Indemnity Insurance, managed by Arthur J. Gallagher Insurance Brokers Ltd. The procurement stage is currently active, with a contract value of £3,228,236 GBP. The tender is for insurance services in the UK and falls under CPV codes related to insurance services. The contract period is set to start on 1st August 2023 and end on 31st July 2027, with potential renewal options.

This tender by Newcastle University provides an opportunity for insurance companies regulated by the Financial Conduct Authority to compete. Interested suppliers must comply with English law and jurisdiction. The tender process involves negotiations with insurers to meet the University's requirements. Businesses in the insurance services sector, particularly those experienced in property insurance, are well-suited to compete in this competitive procedure with negotiation, looking to secure a long-term agreement for insurance provision.

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Notice Information

Notice Title

NU/1898 Property & Professional Indemnity Insurance

Notice Description

Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements.

Lot Information

Lot 1

The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year. Additional information: In addition to contacting AJ Gallagher direct to express and interest in these contracts please also contact the University representative in parallel by emailing Leigh.Robinson@ncl.ac.uk

Renewal: It is anticipated that the requirement will be renewed before the expiry of any contract to ensure continuity of cover.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c376
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011617-2023
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
£3,228,236 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Apr 20232 years ago
Submission Deadline
26 May 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2023 - 31 Jul 2027 4-5 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
NEWCASTLE UNIVERSITY
Contact Name
Mrs Leigh Robinson
Contact Email
leigh.anderson@ncl.ac.uk
Contact Phone
+44 1912088618

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC22 Tyneside
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

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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