Tender

Provision of Comprehensive Insurance Brokerage Services in British Embassy UAE Network

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Tender

05 Sep 2024 at 08:02

Summary of the contracting process

The Foreign Commonwealth and Development Office (FCDO) in the United Kingdom has initiated an open tender for the provision of comprehensive insurance brokerage services for the British Embassy UAE Network, encompassing Abu Dhabi and Dubai. The procurement process is currently in the tender stage, with submissions closing on 10th October 2024. This contract, valued at £817,972.59 GBP, spans from 1st January 2025 to 31st December 2025, and includes options for extension up to three additional years. Businesses must submit their responses electronically or in written form via the BravoSolution portal. The project falls under the services category, specifically insurance brokerage services (CPV code 66518100).

This tender offers significant growth opportunities for businesses specializing in insurance brokerage services, particularly those with the capability to operate within the UAE. With a substantial contract value and potential extensions, firms can secure a long-term engagement that enhances their revenue stream and market footprint. Both established entities and businesses with the necessary legal credentials to manage insurance services in the UAE are well-suited to compete for this contract. The FCDO’s engagement, coupled with the prestige of serving a diplomatic network, further accentuates the potential benefits for successful bidders.

How relevant is this notice?

Notice Information

Notice Title

Provision of Comprehensive Insurance Brokerage Services in British Embassy UAE Network

Notice Description

Comprehensive Insurance Brokerage Services to British Embassy UAE Network.

Lot Information

Lot 1

Comprehensive Insurance Brokerage Services to British Embassy UAE Network.

Renewal: The contract is to be for a period of 1 year beginning on 01 January 2025 and will end on 31 December 2025 with 2-year options to extend (1+1+1) unless terminated by the Authority.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049834
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028361-2024
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

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
£817,972 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Sep 20241 years ago
Submission Deadline
10 Oct 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2025 - 31 Dec 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
menad.smf@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

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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