Award

Operational Insurance Broker

CADENT GAS LIMITED

This public procurement record has 2 releases in its history.

Award

22 Oct 2024 at 10:53

Tender

08 May 2024 at 14:30

Summary of the contracting process

CADENT GAS LIMITED has completed a procurement process titled "Operational Insurance Broker" under the industry category of financial and insurance services (CPV code 66000000). The procurement was aimed at acquiring insurance brokerage services for operational policies, with the contract awarded to Aon UK Limited for a total amount of £50,000,000. The contract, signed on 30th September 2024, was part of a selective procurement methodology using a negotiated procedure with a prior call for competition. This procurement stage has been concluded as a contract award, with the procurement process status marked as complete.

This tender presents significant business growth opportunities particularly for firms in the insurance and financial services sector. Businesses capable of providing professional brokerage services for designing, placing, and servicing complex insurance programs may find this type of tender well-suited to their expertise. Companies with experience in handling large-scale operational insurance needs and aligning their services with the risk appetite of large corporations, like CADENT GAS LIMITED, are encouraged to participate in similar tenders in the future to leverage new business opportunities.

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Notice Title

Operational Insurance Broker

Notice Description

Cadent has a requirement for the provision of insurance brokerage services for operational policies.

Lot Information

Lot 1

Cadent has a requirement for the provision of insurance brokerage services for operational policies.

Options: 5 12 month extensions (60 months total, in 12 month increments)

Renewal: Options to renew for a further 60 months, in 12 month increments.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045806
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034116-2024
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£50,000,000 £10M-£100M

Notice Dates

Publication Date
22 Oct 20241 years ago
Submission Deadline
7 Jun 2024Expired
Future Notice Date
Not specified
Award Date
29 Sep 20241 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

Contracting Authority (Buyer)

Main Buyer
CADENT GAS LIMITED
Contact Name
Hannah Tomlinson
Contact Email
hannah.tomlinson@cadentgas.com
Contact Phone
+44 2476052639

Buyer Location

Locality
COVENTRY
Postcode
CV7 9JU
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
Not specified

Local Authority
Rugby
Electoral Ward
Revel and Binley Woods
Westminster Constituency
Rugby

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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