Insurance Services

{
    "tag": [
        "compiled"
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    "id": "ocds-h6vhtk-040f05-2023-10-25T16:55:31+01:00",
    "date": "2023-10-25T16:55:31+01:00",
    "ocid": "ocds-h6vhtk-040f05",
    "description": "(SC Ref:747187)",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-040f05",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Insurance Services",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "mainProcurementCategory": "services",
        "lots": [
            {
                "id": "1",
                "description": "Insurance Services",
                "contractPeriod": {
                    "durationInDays": 720
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKM75"
                    }
                ],
                "relatedLot": "1"
            }
        ]
    },
    "awards": [
        {
            "id": "031530-2023-001-1",
            "relatedLots": [
                "1"
            ],
            "title": "Insurance Services",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-94169",
                    "name": "Marsh Ltd"
                }
            ]
        }
    ],
    "parties": [
        {
            "id": "GB-FTS-4951",
            "name": "Prospect Community Housing Ltd",
            "identifier": {
                "legalName": "Prospect Community Housing Ltd"
            },
            "address": {
                "streetAddress": "6 Westburn Avenue, Wester Hailes",
                "locality": "Edinburgh",
                "region": "UKM75",
                "postalCode": "EH14 2TH",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Brendan Fowler",
                "telephone": "+44 1314585480",
                "email": "brendan.fowler@prospectch.org.uk",
                "faxNumber": "+44 1314532868"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.prospectch.org.uk/",
                "buyerProfile": "https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA11963"
            }
        },
        {
            "id": "GB-FTS-94169",
            "name": "Marsh Ltd",
            "identifier": {
                "legalName": "Marsh Ltd"
            },
            "address": {
                "streetAddress": "Ground Floor West, 300 TVP2, Thames Valley Park Drive",
                "locality": "Reading",
                "region": "UKJ",
                "postalCode": "RG6 1PT",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 1344381676"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme"
            }
        },
        {
            "id": "GB-FTS-675",
            "name": "Edinburgh Sheriff Court and Justice of the Peace Court",
            "identifier": {
                "legalName": "Edinburgh Sheriff Court and Justice of the Peace Court"
            },
            "address": {
                "streetAddress": "27 Chambers Street",
                "locality": "Edinburgh",
                "postalCode": "EH1 1LB",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-4951",
        "name": "Prospect Community Housing Ltd"
    },
    "contracts": [
        {
            "id": "031530-2023-001-1",
            "awardID": "031530-2023-001-1",
            "title": "Insurance Services",
            "status": "active",
            "value": {
                "amount": 629867,
                "currency": "GBP"
            },
            "dateSigned": "2023-10-24T00:00:00+01:00",
            "period": {
                "durationInDays": 720
            },
            "items": [
                {
                    "id": "1",
                    "classification": {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    },
                    "deliveryAddresses": [
                        {
                            "region": "UKM75"
                        }
                    ],
                    "relatedLot": "1"
                }
            ],
            "amendments": [
                {
                    "id": "1",
                    "description": "This Modification Notice relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term \"by circumstances Prospect Community Housing (PCH) could not have foreseen\". The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during 2023. PCH intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2026 Q1 with a target effective date contract date of 1st October 2026.",
                    "rationale": "Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances: This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL's relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements."
                }
            ]
        }
    ],
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