Award

Insurance Cover

JOBS & BUSINESS GLASGOW

This public procurement record has 3 releases in its history.

Award

23 Oct 2024 at 14:32

Award

23 Oct 2024 at 13:58

Tender

23 Jul 2024 at 15:12

Summary of the contracting process

Jobs & Business Glasgow (JBG) has completed its tender process for insurance cover, focused on ensuring that the organisation's assets and activities are adequately protected. The tender covered services in the insurance sector and included a selective procurement method through a competitive procedure with negotiation. The procurement process involved various lots, including Property Owners, Management Liability, Professional Indemnity, among others. The awards were finalised on 30th September 2024, and the awarded contracts are active. The procurement, valued at £32,195 for Property Owners, £8,237 for Management Liability, and £2,738 for Professional Indemnity, mainly targets the UKM82 region.

This tender presents significant growth opportunities for large insurance businesses and those regulated by the Financial Conduct Authority (FCA) to underwrite insurance in the UK. Firms that meet the required credit ratings and insurance standards have a competitive edge in securing these contracts. The selective procurement method, combined with the competitive procedure, ensures that only well-qualified bidders can participate, thus setting a high-quality standard for contracts. Businesses specialising in property, liability, and professional indemnity insurance will find this project particularly suited to their capabilities. This initiative by JBG not only secures their operations but also fosters partnerships with market-leading insurers.

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Notice Title

Insurance Cover

Notice Description

Jobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered.

Lot Information

Property Owners

As stated in the procurement documents. Additional information: Please see the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Combined Liability

As stated in the Procurement Documents. Additional information: As stated in the procurement documents.

Renewal: Option to extend for up to 12 months.

Management Liability

As stated in the Procurement Documents. Additional information: As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Engineering Inspection

As stated in the Procurement Documents. Additional information: As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Professional Indemnity

As stated in the Procurement Documents. Additional information: As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0483cf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034338-2024
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
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£72,546 Under £100K

Notice Dates

Publication Date
23 Oct 20241 years ago
Submission Deadline
23 Aug 2024Expired
Future Notice Date
Not specified
Award Date
29 Sep 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2025 6-12 months
Recurrence
Approximately 3-4 months before the end of this contract (including any applicable extension).

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
JOBS & BUSINESS GLASGOW
Contact Name
JBG Procurement Team
Contact Email
procurement@jbg.org.uk
Contact Phone
+44 3001232898

Buyer Location

Locality
GLASGOW
Postcode
G4 0UW
Post Town
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
Calton
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
4
Supplier Names

ARCH INSURANCE

AVIVA INSURANCE

AXA INSURANCE

ZURICH INSURANCE PLC TRADING AS ZURICH MUNICIPAL

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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            },
            {
                "id": "18",
                "measure": "foreignBidsFromEU",
                "relatedLot": "5",
                "value": 0
            },
            {
                "id": "9",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "1",
                "value": 4
            },
            {
                "id": "14",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "3",
                "value": 3
            },
            {
                "id": "19",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "5",
                "value": 3
            },
            {
                "id": "10",
                "measure": "electronicBids",
                "relatedLot": "1",
                "value": 4
            },
            {
                "id": "15",
                "measure": "electronicBids",
                "relatedLot": "3",
                "value": 3
            },
            {
                "id": "20",
                "measure": "electronicBids",
                "relatedLot": "5",
                "value": 3
            }
        ]
    }
}