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SPS 2689 - Provision of a complete package of insurances for Greenwich Service Plus Ltd

Royal Borough of Greenwich

This public procurement record has 1 release in its history.

Tender

03 Jul 2023 at 14:36

Tender Notice
Summary of the contracting process

The Royal Borough of Greenwich is seeking tenders for the provision of insurance services under the title "SPS 2689 - Provision of a complete package of insurances for Greenwich Service Plus Ltd". This procurement falls under the services category and is set to commence from 1st April 2024. The estimated total value of the contract is £219,708.66 GBP. The procurement method is an Open Procedure, with a contract period lasting 360 days. The tender deadline is 23rd August 2023 at 17:00, with the bid opening taking place at Royal Borough of Greenwich Offices in Woolwich. The buying organisation, Royal Borough of Greenwich, is accessible via their website for further information.

This tender presents an opportunity for insurers authorised to write classes of insurance under UK law to compete. Businesses offering insurance services who can comply with English/Welsh legal requirements should consider bidding. The procurement process includes quality and price criteria, with an emphasis on long-term agreements that can be extended. Bidders must ensure compliance with all stated requirements in the Invitation to Tender (ITT) pack. The incorporation of social value considerations in the contract adds an additional dimension to the business growth potential for interested parties.

How relevant is this notice?

Notice Information

Notice Title

SPS 2689 - Provision of a complete package of insurances for Greenwich Service Plus Ltd

Notice Description

Greenwich Service Plus Ltd is seeking tenders (s) for Insurance packages as a whole embracing all aspects of insurance (with claims handling) including Uninsured Loss Recovery and Legal Expenses. The Contract will commence from 1st April 2024 till 31st March 2025 as a minimum, however Greenwich Service Plus will consider entering into a long-term agreement with an option to extend and is open to considering potential long term agreements with insurers so initially please quote terms for 1 year, 3 years, 3+2 year and a 5-year period.

Lot Information

Lot 1

Greenwich Service Plus Ltd is seeking tender(s) for Insurance packages as a whole embracing all aspects of insurance (with claims handling) including Uninsured Loss Recovery and Legal Expenses. The Contract will commence from 1st April 2024 till 31st March 2025 as a minimum, however Greenwich Service Plus will consider entering into a long-term agreement with an option to extend and will be open to consider long term agreements with insurers so initially please quote terms for 1 year, 3 years, 3+2 year and a 5-year period. The procurement will take place under the Open Procedure as stipulated in the Public Contracts Regulations 2015. The estimated total value is PS219,708.66 including IPT & VAT - based on last year's annual renewal.

Options: Yes. as specified within the Invitation to Tender (ITT) pack

Renewal: The Contract will commence from 1st April 2024 till 31st March 2025 as a minimum, however Greenwich Service Plus will consider entering into a long-term agreement with an option to extend and will be open to consider long term agreements (with annual renewal) with insurers so initially please quote terms for 1 year, 3 years, 3+2 year and a 5-year period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03de4b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018850-2023
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
£219,708 £100K-£500K
Lots Value
£219,708 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20233 years ago
Submission Deadline
23 Aug 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
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
Royal Borough of Greenwich
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE18 6HQ
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLI51 Bexley and Greenwich
Local Authority
Greenwich
Electoral Ward
Woolwich Arsenal
Westminster Constituency
Greenwich and Woolwich

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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