Award

INSURANCE TENDER Property Insurance excluding Broker Services (Ealing Contract Ref CH222435)

LONDON BOROUGH OF EALING

This public procurement record has 3 releases in its history.

TenderUpdate

01 Sep 2023 at 07:48

Award

01 Sep 2023 at 07:32

Tender

25 May 2023 at 12:39

Summary of the contracting process

The London Borough of Ealing has recently conducted a procurement process for Property Insurance excluding Broker Services. The contract awarded to Zurich Municipal is for an initial term of 4 years, extendable for up to 2 more years. The process was carried out through an Open procedure, the estimated value being GBP 4.5 million. The buying organisation, London Borough of Ealing, based in Ealing, UK, managed this tender process. The industry category is services, and the procurement stage is now completed, with the contract being active as of 1st September 2023.

This tender for Property Insurance provides significant business opportunities, especially for insurance service providers. Businesses capable of handling Property Insurance policies, including Business Interruption, Contract Works, Money, and Specified All Risks, would be well-suited to compete. The tender, initiated by London Borough of Ealing, not only focuses on the initial term but also provides potential to extend the contract. The opportunity, posted on 25th May 2023, has a tender period ending on 26th June 2023, revealing a clear timeline for participation and engagement for interested businesses.

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Notice Title

INSURANCE TENDER Property Insurance excluding Broker Services (Ealing Contract Ref CH222435)

Notice Description

London Borough of Ealing has awarded a new contract for Property Insurance policy to Zurich Municipal. The contract shall be for an initial term of 4 years, with the option to extend for a further 2 years. The Long-Term Agreement shall contain a break clause in the event of any significant changes to the Contracting Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Contracting Authority.

Lot Information

Lot 1

London Borough of Ealing has awarded a new contract for Property Insurance policy to Zurich Municipal. The contract shall be for an initial term of 4 years, with the option to extend for a further 2 years. The Long-Term Agreement shall contain a break clause in the event of any significant changes to the Contracting Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Contracting Authority.

Renewal: It is intended that the contract shall be for an initial term of 4 years, with the option to extend for a further 2 years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03cf62
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025689-2023
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
£4,500,000 £1M-£10M
Lots Value
£4,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£59,334,641 £10M-£100M

Notice Dates

Publication Date
1 Sep 20232 years ago
Submission Deadline
26 Jun 2023Expired
Future Notice Date
Not specified
Award Date
31 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
LONDON BOROUGH OF EALING
Contact Name
Ms Abigail Acosta
Contact Email
acostaa@ealing.gov.uk
Contact Phone
+44 2088258000

Buyer Location

Locality
EALING
Postcode
W5 2HL
Post Town
West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI73 Ealing
Delivery Location
TLI London

Local Authority
Ealing
Electoral Ward
Ealing Broadway
Westminster Constituency
Ealing Central and Acton

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH INSURANCE COMPANY PIC (UK BRANCH) TRADING AS 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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