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Award for Provision of Various Commercial Insurance Policies for Gas Network Operator - 2024

Phoenix Energy Group Ltd

This public procurement record has 2 releases in its history.

Award

23 Aug 2024 at 11:24

Award Notice
Tender

13 Mar 2024 at 14:02

Tender Notice
Summary of the contracting process

Phoenix Energy Group Ltd has awarded contracts for the provision of various commercial insurance policies as part of a public procurement process aimed at covering its business operations. The procurement falls under the "Insurance services" category (CPV: 66510000), and the location of the contracts' delivery is Northern Ireland (UKN). Key dates include the signing of contracts on 15 July 2024, with the entire process culminating on 23 August 2024. The procurement method used was a selective, negotiated procedure with a prior call for competition, conducted under the legal framework of the Utilities Contracts Regulations 2016 (as amended), providing a minimum 10-day standstill period for review.

This tender creates substantial opportunities for companies engaged in providing various types of insurance services, such as combined liability, excess public and products liability, motor fleet, property, engineering & inspection, business interruption, and others. Ideal contenders for this procurement process include insurers specialising in complex, multi-faceted coverages suitable for a gas network operator's diverse operational needs. Winning such contracts can significantly enhance a company's portfolio and market reputation in the insurance sector, particularly in Northern Ireland.

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Notice Information

Notice Title

Award for Provision of Various Commercial Insurance Policies for Gas Network Operator - 2024

Notice Description

The Utility requires a number of insurance policies to cover the various aspects of it's business operations.

Lot Information

Combined Liability

Combined Liability Insurance

Renewal: The initial term shall be 12 months albeit this may be extended subject to agreement.

Excess Public and Products Liability

Excess Public and Products liability Insurances - GBP 25m/ 10m and 35m/ 25m

Renewal: The initial term shall be for 12 months albeit this may be extended subject to agreement.

Excess Public and Products Liability

Excess Public and Products Liability Insurance

Renewal: The initial terms shall be 12 months albeit this may be extended subject to agreement.

Motor Fleet

Motor Fleet Insurance

Renewal: The initial term shall be 12 months albeit this may be subject to agreement.

Property Insurance

Property Insurance

Renewal: The initial terms shall be 12 months albeit this may be extended subject to agreement.

Engineering & Inspection Insurance

Engineering & Inspection Insurance

Renewal: The initial term shall be for 12 months albeit this may be extended subject to agreement.

Business Interruption Insurance

Business Interruption Insurance

Renewal: The initial term shall be 12 months albeit this may be extended subject to agreement.

Personal Accident & Travel

Travel Insurance

Renewal: The initial term shall be for 12 months albeit this may be extended subject to agreement.

Computer Insurance

Computer Insurance

Renewal: The initial term shall be 12 months albeit this may be extended through subsequent agreement.

Terrorism Insurance

Insurance against acts of terrorism

Renewal: The initial term shall be 12 months albeit this period may be extended through subsequent agreement.

Management Liability

Management Liability Insurance

Renewal: The initial term shall be 12 months albeit this period may be extended through subsequent agreement.

Excess Management Liability - 5m

Excess Management Liability - 5m GBP

Renewal: The initial term shall be 12 months albeit this may be extended through subsequent agreement.

Excess Management Liability 5m/ 10m

Excess Management Liability - 5m/ 10m

Renewal: The initial term shall be 12 months albeit this may be extended through subsequent agreement.

Excess Management Liability 5m/ 15m

Excess Management Liability 5m/ 15m

Renewal: The initial term shall be 12 months albeit this may be extended through subsequent agreement.

Insurance Against Crime

Insurance Against Crime

Renewal: The initial term shall be 12 months albeit this period may be extended through agreement.

Professional Indemnity Insurance

Professional Indemnity Insurance for Downstream Engineering area of the Group.

Renewal: The initial term shall be 12 months albeit this period may be extended through subsequent agreement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044827
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027012-2024
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
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66516400 - General liability insurance services

Notice Value(s)

Tender Value
£950,000 £500K-£1M
Lots Value
£945,250 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Aug 20242 years ago
Submission Deadline
12 Apr 2024Expired
Future Notice Date
Not specified
Award Date
15 Jul 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Phoenix Energy Group Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT3 9ED
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland
Local Authority
Belfast
Electoral Ward
Sydenham
Westminster Constituency
Belfast East

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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