Award

DoF - Collaborative Arrangement for the Provision of Insurance Brokerage Services for NI Public Sector Fleet (ID 5138934)

DEPARTMENT OF FINANCE

This public procurement record has 2 releases in its history.

Award

10 Oct 2024 at 12:26

Tender

25 Jun 2024 at 12:50

Summary of the contracting process

The Department of Finance (DoF) has conducted an open procurement process for a collaborative arrangement to provide insurance brokerage services for the Northern Ireland Public Services Fleet. This procurement, categorised under insurance brokerage services (CPV code 66518100), is situated in Northern Ireland (region: UKN) and is classified under the services category. The procurement phase of the process has concluded, culminating in a contract award. Key dates include the tender period ending on 21st August 2024 and the contract signature on 4th October 2024. The contract, valued at GBP 43,570,000, was awarded to Abbey Bond Lovis Limited.

This tender offers significant opportunities for businesses specialising in insurance and related services to engage with the public sector. The extensive scope and value of the contract can provide substantial business growth for the winning supplier through sustained engagement with a key public sector client over an extended period. Companies with expertise in delivering high-quality, cost-effective insurance brokerage services, particularly SMEs with a proven track record, would find this tender particularly well-suited to their capabilities. The open procedure ensures a competitive process, increasing opportunities for diverse business participation.

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Notice Title

DoF - Collaborative Arrangement for the Provision of Insurance Brokerage Services for NI Public Sector Fleet (ID 5138934)

Notice Description

This contract is for the provision of Insurance Brokerage Services for the Northern Ireland Public Services Fleet.

Lot Information

Lot 1

This contract is for the provision of Insurance Brokerage Services for the Northern Ireland Public Services Fleet.

Renewal: Due for renewal upon contract expiry

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047279
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032607-2024
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£44,000,000 £10M-£100M
Lots Value
£44,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£43,570,000 £10M-£100M

Notice Dates

Publication Date
10 Oct 20241 years ago
Submission Deadline
21 Aug 2024Expired
Future Notice Date
Not specified
Award Date
3 Oct 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Upon expiry of the contract

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT OF FINANCE
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
Post Town
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

Supplier Information

Number of Suppliers
1
Supplier Name

ABBEY BOND LOVIS

Further Information

Open Contracting Data Standard (OCDS)

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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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