Tender

Insurance Programme

THE UNIVERSITY OF CUMBRIA

This public procurement record has 1 release in its history.

Tender

03 May 2024 at 13:37

Summary of the contracting process

The University of Cumbria is conducting an active tender process for its Insurance Programme, valued at £777,000 GBP. This procurement falls under the services category and includes multiple lots such as Property Combined, Computer, and Liability Insurance, among others. The contract period is from August 1, 2024, to July 31, 2027. The University is located in Carlisle, Cumbria, United Kingdom. The tender deadline for submissions is June 5, 2024, with the award period commencing on the same date.

This tender by The University of Cumbria for insurance services presents a significant business opportunity for insurance providers and related businesses. Companies specialising in insurance products, including Property, Liability, and Motor coverages, are well-suited to compete. The tender process is at the submission stage, with a focus on electronic and written submission methods. Successful bidders stand to gain a multi-year contract with possible renewal options, allowing for long-term business growth and stability in service provision.

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Notice Title

Insurance Programme

Notice Description

The University is tendering for its insurance programme provision. The University procures its insurance products based upon its assessment and balance of risk, taking into account its legal, moral and financial duties. Along with other University professionals, the Finance Team will report to the Vice Chancellor's Executive regarding internal and external exposures and trends, allowing informed decisions to be made. Since the last tender in 2019 the University have created and developed professional relationships with their insurer providers. This includes with direct insurers on Property, Liability and Motor classes with whom their appointed broker works on a tri-partite basis.

Lot Information

Property Combined

Property Combined insurance cover

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Computer

Computers

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Combined Liability

Combined Liability Insurance cover

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Motor Insurance

Motor Insurance

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Fidelity Guarantee

Fidelity Guarantee Insurance

Renewal: Extension of 1 plus 1 Years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Management Liability

Management Liability Insurance cover

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Professional Indemnity

Professional Liability Insurance

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

PA and Travel

PA and Travel Insurance

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Engineering Insurance

Engineering Insurance services

Renewal: Extension of 1 plus 1 years is possible on 31st of July 2027 at end of initial 3 years if service performance is satisfactory.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045743
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014371-2024
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66512000 - Accident and health insurance services

66514100 - Insurance related to Transport

66514110 - Motor vehicle insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
£777,000 £500K-£1M
Lots Value
£768,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 May 20241 years ago
Submission Deadline
5 Jun 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2024 - 31 Jul 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
THE UNIVERSITY OF CUMBRIA
Contact Name
Nicola Colton and Guy Stonier
Contact Email
procurementteam@cumbria.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
CARLISLE
Postcode
CA1 2HH
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
TLD North West (England)

Local Authority
Cumberland
Electoral Ward
Castle
Westminster Constituency
Carlisle

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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