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CT1280 - Insurance Services

The City of Edinburgh Council

This public procurement record has 2 releases in its history.

Award

12 Dec 2024 at 08:44

Award Notice
Tender

17 Sep 2024 at 16:44

Tender Notice
Summary of the contracting process

The City of Edinburgh Council is seeking to award a contract for CT1280 – Insurance Services, which includes insurance coverage for contractors' plant (both owned and hired), fine arts (covering all art exhibits and travelling galleries), and travel (encompassing school journeys, business travel, and supported carers). This process involves an open procurement method and is currently at the award stage. The contract is designed to run from 1 November 2024 until 31 October 2027, with an option to extend by a further two years and nearly two additional years. Notable dates include the tender submission deadline on 18 October 2024. All services will be provided within the City of Edinburgh (region UKM75) and fall under the CPV category 66510000 for insurance services.

This tender represents a significant opportunity for businesses in the insurance sector, particularly those specialising in contractor plant, fine arts, and travel insurance. Companies with experience in providing high-quality insurance services that meet specific public sector requirements would find this tender appealing. Given the contract's substantial value (£608,156) and the framework duration with potential extensions, it offers a substantial growth opportunity. Businesses with strong financial standing, as outlined by a minimum annual turnover of £300,000 and a financial rating of "A" or higher, will be well-suited to compete. The involvement of the City of Edinburgh Council ensures a stable and reputable partnership, further increasing the tender's attractiveness for eligible firms.

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Notice Information

Notice Title

CT1280 - Insurance Services

Notice Description

The City of Edinburgh Council (the Council) is seeking a contract for the provision of insurance services. The Council requires insurance cover for the following: Contractors Plant (own plant and hired plant) Fine Arts (all risks cover on art exhibits) Travel (School Journeys, Business Travel and supported carers)

Lot Information

Fine Arts

The City of Edinburgh Council requires insurance cover for Fine Arts. This is to cover the following: All risks cover on art exhibits. All risks cover on art exhibitions and travelling gallery.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Contractors Plant (own plant and hired plant)

The City of Edinburgh Council requires insurance to cover Contractors Plant. This includes cover for the Council's own plant and hired plant.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Travel

The City of Edinburgh Council requires insurance cover for Travel. This includes School Journeys, Business Travel and Supported Carers.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049ba8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040025-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
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

66000000 - Financial and insurance services

66510000 - Insurance services

66514100 - Insurance related to Transport

Notice Value(s)

Tender Value
£608,156 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£243,632 £100K-£500K

Notice Dates

Publication Date
12 Dec 20241 years ago
Submission Deadline
18 Oct 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2024 - 31 Oct 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The City of Edinburgh Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH8 8BG
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

Risk Management Partners

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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