This public procurement record has 2 releases in its history.

Award

23 May 2024 at 14:05

Tender

25 Sep 2023 at 19:06

Summary of the contracting process

The procurement process for the provision of insurance and related services to Worthing Homes Limited has been successfully completed. The contracting authority, Worthing Homes Limited, awarded contracts for various lots including insurance services for property, motor vehicles, cyber risks, terrorism risks, and directors and officers' liability. The total value of the contracts awarded is GBP 1,148,000. The procurement method used was a selective competitive procedure with negotiation. The agreements have been signed with suppliers such as Marsh Limited and Weald Insurance Brokers.

This tender by Worthing Homes Limited opens up opportunities for insurance service providers to engage in long-term agreements for a period of 3 years, extendable by up to 2 further years, subject to satisfactory service and performance. Businesses specialising in insurance services, risk management, and professional liability would be well-suited to compete. The tender process involved multiple stages, and successful bidders had to demonstrate their relevant professional experience and financial ability to deliver the required services. The contract opportunities created by this tender aim to support the growth and development of insurance-related businesses.

How relevant is this notice?

Notice Title

Provision of Insurance and related services to Worthing Homes Limited

Notice Description

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Worthing Homes Limited

Lot Information

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Worthing Homes Limited

A programme of General (non-life) insurance and related services for Worthing Homes Limited. The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident, professional indemnity, fidelity guarantee/crime and employment practices liability. This list is to be decided at the sole discretion of Worthing Homes Limited. This Lot excludes: Motor (See Lot 2), Cyber (See Lot 3), Terrorism Pool Re (See Lot 4), Terrorism Non-Pool Re (See Lot 5), Directors and Officers Liability (See Lot 6) Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services for Motor vehicle risks (possibly including Motor Legal Expenses and Occasional Business Use)

Insurance and related services for motor vehicle risks (possibly including Motor legal expenses and Occasional business use extensions). Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Cyber risks for Worthing Homes Limited

Insurance and related services associated with Cyber risks for Worthing Homes Limited. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism Risks (Pool Re Basis) for Worthing Homes Limited

Insurance and related services associated with Terrorism risks (Pool Re Basis) for Worthing Homes Limited. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: Xhttps://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism (Non Pool Re Basis) Risks for Worthing Homes Limited

Insurance and related services associated with Terrorism (Non Pool Re Basis) Risks for Worthing Homes Limited. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Directors and Officers' Liability

Insurance and related services associated with Directors and Officers' Liability risks for Worthing Homes Limited. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/tenders/UK-UK-Worthing:-Insurance-services./PCF7S22TE3

Options: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Worthing Homes Limited will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance) and with the option to further extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040395
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016333-2024
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
Competitive procedure with negotiation
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

66510000 - Insurance services

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66517300 - Risk management insurance services

66518000 - Insurance brokerage and agency services

66518300 - Insurance claims adjustment services

Notice Value(s)

Tender Value
£930,000 £500K-£1M
Lots Value
£937,650 £500K-£1M
Awards Value
Not specified
Contracts Value
£1,171,000 £1M-£10M

Notice Dates

Publication Date
23 May 20242 years ago
Submission Deadline
27 Oct 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20242 years ago
Contract Period
1 Apr 2024 - 31 Mar 2025 6-12 months
Recurrence
Between 3 or 5 years from the date of this Notice

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
Worthing Homes Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WORTHING
Postcode
BN11 1ER
Postcode Area
Brighton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
Not specified

Local Authority
Worthing
Electoral Ward
Central
Westminster Constituency
Worthing West

Supplier Information

Number of Suppliers
3
Supplier Names

Marsh Limited

Weald Insurance Brokers

Weald Insurance Brokers Limited

Open Contracting Data Standard (OCDS)

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