Modification of Insurance and Related Services 2019 - 2024 to June 25

{
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    "date": "2024-02-21T12:24:39Z",
    "ocid": "ocds-h6vhtk-043bc7",
    "description": "(SC Ref:755296)",
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        "id": "ocds-h6vhtk-043bc7",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Modification of Insurance and Related Services 2019 - 2024 to June 25",
        "classification": {
            "scheme": "CPV",
            "id": "66510000",
            "description": "Insurance services"
        },
        "mainProcurementCategory": "services",
        "lots": [
            {
                "id": "1",
                "description": "Key Housing Association (KHA) intends to extend the existing Insurance Provision contract due to end 1 June 24 to the 1 June 25 with Zurich Ltd who are the current insurance service Provider. 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. 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 over the last 6 months, 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 the first quarter of 2024. KHA intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2024 Q3 with a target effective date contract date of 1 June 2025.",
                "contractPeriod": {
                    "durationInDays": 360
                }
            }
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                ],
                "relatedLot": "1"
            }
        ],
        "techniques": {
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        }
    },
    "awards": [
        {
            "id": "005654-2024-Modification of Insurance and Related Services to June 25-1",
            "relatedLots": [
                "1"
            ],
            "title": "Modification of Insurance and Related Services 2019 - 2024 to June 25",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-7345",
                    "name": "Zurich Municipal"
                },
                {
                    "id": "GB-FTS-54428",
                    "name": "Zurich Municipal"
                }
            ]
        }
    ],
    "parties": [
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            "id": "GB-FTS-4918",
            "name": "Key Housing Association",
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                "streetAddress": "The Square, 70 Renton Street",
                "locality": "Glasgow",
                "region": "UKM",
                "postalCode": "G4 0HT",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Asa Brooks",
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                "email": "info@keyhousing.org",
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        {
            "id": "GB-FTS-7345",
            "name": "Zurich Municipal",
            "identifier": {
                "legalName": "Zurich Municipal"
            },
            "address": {
                "streetAddress": "The Eagle Building, 215 Bothwell Street",
                "locality": "Glasgow",
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                "postalCode": "G2 7ED",
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        {
            "id": "GB-FTS-54428",
            "name": "Zurich Municipal",
            "identifier": {
                "legalName": "Zurich Municipal"
            },
            "address": {
                "streetAddress": "St Vincent Plaza, 7th Floor, 319 St Vincent Street",
                "locality": "Glasgow",
                "region": "UKM",
                "postalCode": "G2 5LP",
                "countryName": "United Kingdom"
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            "roles": [
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            "name": "Glasgow Sheriff Court and Justice of the Peace Court",
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            "address": {
                "streetAddress": "1 Carlton Place",
                "locality": "Glasgow",
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                "countryName": "United Kingdom"
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    ],
    "buyer": {
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        "name": "Key Housing Association"
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        {
            "id": "005654-2024-Modification of Insurance and Related Services to June 25-1",
            "awardID": "005654-2024-Modification of Insurance and Related Services to June 25-1",
            "title": "Modification of Insurance and Related Services 2019 - 2024 to June 25",
            "status": "active",
            "value": {
                "amount": 1461544,
                "currency": "GBP"
            },
            "dateSigned": "2024-02-20T00:00:00Z",
            "period": {
                "durationInDays": 360
            },
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                    "id": "1",
                    "classification": {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
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                            "region": "UKM"
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            "amendments": [
                {
                    "id": "1",
                    "description": "Further to the previously advertised VEAT notice, Document ID: 755297 - Title: VEAT - Insurance Provision Contract - Modification and 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 Key Housing Association (KHA) could not have foreseen\". Key Housing Association (KHA) intends to extend the existing Insurance Provision contract due to end 1 June 24 to the 1 June 25 with Zurich Ltd who are the current insurance service Provider.",
                    "rationale": "Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: 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. 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 over the last 6 months, 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 the first quarter of 2024."
                }
            ]
        }
    ],
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