Award

C1189 - Insurance Brokerage Services

NI WATER AND ITS SUBSIDIARIES

This public procurement record has 2 releases in its history.

Award

18 Aug 2023 at 11:13

Tender

28 Apr 2023 at 16:10

Summary of the contracting process

The buying organization, NI Water and its subsidiaries, based in Belfast, UK, has recently awarded a contract for Insurance Brokerage Services to MARSH LTD. The procurement process, which was in the "Tender" stage, involved a selective negotiated procedure within the financial and insurance services industry category. The contract, titled "C1189 - Insurance Brokerage Services", with a value of £500,000 GBP, was signed on the 16th of August 2023.

This tender for Insurance Brokerage Services, initiated by NI Water, presents business growth opportunities especially for firms experienced in insurance and financial services. The competitive process, with a focus on quality and cost criteria, attracted bids primarily from large-scale suppliers. Businesses looking to provide insurance brokerage and risk management services would find this tender suited for their expertise and capabilities. The tender had an active status before being awarded.

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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.

Lot Information

Lot 1

Provision of insurance brokerage services and potentially risk management services to include risk identification, analysis and control. Additional information: The anticipated contract value ranges from PS250k GBP to PS500k GBP. . This range reflects the potential scale of the contract and takes into account such changes to the demand and scale which may result from future operational requirements..

Renewal: Essential requirement, retendered prior to Contract expiry.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c55a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024315-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
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

66500000 - Insurance and pension services

66518100 - Insurance brokerage services

Notice Value(s)

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

Notice Dates

Publication Date
18 Aug 20232 years ago
Submission Deadline
19 May 2023Expired
Future Notice Date
Not specified
Award Date
15 Aug 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NI WATER AND ITS SUBSIDIARIES
Contact Name
sourcingniwater.com
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

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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