Provision of Insurance and related services to Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

This public procurement record has 2 releases in its history.

Award

21 Jan 2025 at 10:05

Tender

14 May 2024 at 10:05

Summary of the contracting process

The Sovereign Housing Association Limited, trading as Sovereign Network Group and Sovereign Network Homes, has awarded a contract for the provision of insurance and related services. The procurement falls under the services category, specifically Insurance services, and is being administered in Hampshire, United Kingdom. The procurement reached the awarding stage with key dates, including the signing of contracts on 4th November 2024, and subsequent phases commencing from 1st April 2025. The procurement process utilized a competitive procedure with negotiation, and a standstill period of 10 calendar days was observed post-notification of results as per the Public Contracts Regulations 2015.

This tender offers substantial opportunities for businesses specializing in various types of insurance services, such as property insurance, liability insurance, professional indemnity insurance, and risk management services. SMEs are encouraged to participate, with selection based solely on specified criteria. Potential suppliers include large-scale insurance brokers and insurers who are capable of meeting stringent financial and regulatory standards, ensuring comprehensive service coverage and long-term agreements. The contract, valued at £23.265 million, provides comprehensive insurance coverage that can facilitate business growth for companies adept at servicing large property owners and public sector organisations.

How relevant is this notice?

Notice Title

Provision of Insurance and related services to Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Notice Description

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Lot Information

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

A programme of General (non-life) insurance and related services for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group (Sovereign Network Homes to join the programme from 1 April 2025). The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident, professional indemnity, fidelity guarantee/crime and employment practices liability. This list is to be decided at the sole discretion of Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. This Lot excludes: Cyber (See Lot 2), Crime (See Lot 3), Terrorism Pool-Re (See Lot 4), Terrorism Non-Pool Re(See Lot 5), Professional Indemnity (See Lot 6), Alternative Risk Transfer (See Lot 7) Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Wembley:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost. It should be noted that Sovereign Housing Association Limited T/A Sovereign Network Group will be awarded from 5 November 2024, with Sovereign Network Homes T/A Sovereign Network Group being phased into the programme from 1 April 2025.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Crime / Fidelity Guarantee risks for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Insurance and related services associated with Crime / Fidelity Guarantee risks for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Hampshire:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism Risks (Pool Re Basis) for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Insurance and related services associated with Terrorism risks (Pool Re Basis) for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Hampshire:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism (Non Pool Re Basis) Risks for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Insurance and related services associated with Terrorism (Non Pool Re Basis) Risks for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. Additional information: For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Hampshire:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Professional Indemnity Insurance for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Insurance and related services associated with Professional Indemnity Insurance for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/tenders/UK-UK-Hampshire:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Alternative Risk Transfer for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group

Insurance and related services associated with Alternative Risk Transfer for Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/tenders/UK-UK-Hampshire:-Insurance-services./Y4AT9XYEAM

Options: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Renewal: Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group will consider entering into Long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 1 further year (or 1 periods of insurance), with the further option to extend the award period by up another 1 year (or 1 period of insurance), subject to satisfactory service, performance and cost.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045965
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001979-2025
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
Competitive procedure with negotiation
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

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66517300 - Risk management insurance services

66518000 - Insurance brokerage and agency services

66518300 - Insurance claims adjustment services

Notice Value(s)

Tender Value
£23,265,000 £10M-£100M
Lots Value
£23,265,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£56,460,000 £10M-£100M

Notice Dates

Publication Date
21 Jan 20251 years ago
Submission Deadline
13 Jun 2024Expired
Future Notice Date
Not specified
Award Date
4 Nov 20241 years ago
Contract Period
5 Nov 2024 - 4 Nov 2027 2-3 years
Recurrence
Between 3 or 5 years from the date of this Notice

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
Sovereign Housing Association Limited T/A Sovereign Network Group & Sovereign Network Homes T/A Sovereign Network Group
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HAMPSHIRE
Postcode
RG21 4FA
Postcode Area
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
Not specified

Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
4
Supplier Names

Arthur J. Gallagher Insurance Brokers Ltd

Jensten Insurance Brokers Ltd

Weald Ltd

Zurich

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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