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PURCH2392 Contract Agreement For The Provision Of Employers Liability, Public Liability & Professional Indemnity Insurances

University of Glasgow

This public procurement record has 2 releases in its history.

Award

17 Feb 2025 at 08:47

Award Notice
Tender

21 Mar 2024 at 14:46

Tender Notice
Summary of the contracting process

The University of Glasgow has finalised the procurement process for the PURCH2392 Contract Agreement, focusing on the provision of Employers' Liability, Public Liability, and Professional Indemnity Insurances. This procurement falls under the financial and insurance services category and targets suppliers in Glasgow (region UKM82). The contract, divided into two lots, includes comprehensive insurance services such as Employers' Liability, Public/Products Liability, and Professional Indemnity. This procurement process used an open procedure and reached the award stage, with significant dates including the signing of the contracts on 9 January 2025, and an initial announcement date of 17 February 2025. The tender period for the process closed on 30 April 2024.

This tender offers robust opportunities for businesses specializing in insurance services to engage in a long-term contract with a reputed educational institution. The contract's duration extends for three years, with potential extensions, emphasising chances for consistent business growth. It suits large-scale insurance providers capable of delivering comprehensive liability coverage, including financial stability evidenced by strong turnover records. The awarded supplier, RSA, demonstrates a benchmark for the standard and scale expected. The inclusion of multiple lots ensures avenues for various specialists in insurance to provide tailored services, enhancing market diversification and network expansion. Being recognised by a prestigious university, successful bidders can leverage this partnership to enhance their market reputation and credibility.

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Notice Information

Notice Title

PURCH2392 Contract Agreement For The Provision Of Employers Liability, Public Liability & Professional Indemnity Insurances

Notice Description

Award of PURCH2392 Provision of a Contract Agreement For The Provision Of Employers Liability, Public Liability and Professional Indemnity Insurances

Lot Information

Employer's Liability and Public/Products Liability

Award of PURCH2392 Provision of a Contract Agreement For The Provision Of Employers Liability, Public Liability and Professional Indemnity Insurances. Lot 1 - Schedule 2A - Employer's Liability and Public/Products Liability.

Renewal: Option to extend 2 x 12 months

Professional Indemnity

Award of PURCH2392 Provision of a Contract Agreement For The Provision Of Employers Liability, Public Liability and Professional Indemnity Insurances. Lot 2 - Schedule 2B - Professional Indemnity.

Renewal: Option to extend 2 x 12 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044b47
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005277-2025
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,085,150 £1M-£10M

Notice Dates

Publication Date
17 Feb 20251 years ago
Submission Deadline
30 Apr 2024Expired
Future Notice Date
Not specified
Award Date
9 Jan 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Glasgow
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

RSA

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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