This public procurement record has 1 release in its history.

Tender

04 Oct 2024 at 14:05

Summary of the contracting process

Settle Group, a public authority located in Hertfordshire, UK, is seeking tenders for the provision of various insurance and related services. This tender process is currently in the 'Tender' stage, with the closing date for submissions being 4th November 2024. The procurement aims to secure services across seven lots, including general insurance, motor fleet risks, engineering plant and inspection, cyber risks, and terrorism risks, among others. The overall contract is valued at approximately £3 million GBP, with contracts commencing on 1st April 2025 and potentially extending up to five years if renewal options are exercised. The process follows a competitive procedure with negotiation and will entail a Selection Questionnaire (SQ) stage before advancing selected bidders to the Invitation to Tender (ITT) stage by 8th November 2024.

This tender presents a significant opportunity for economic operators, especially small and medium enterprises, to expand their client base by providing comprehensive insurance solutions to a prominent public sector client. Businesses with experience in insurance services, particularly those capable of addressing the specific needs of property owners, developers, and social landlords, will find this tender particularly relevant. Furthermore, insurance brokers have the discretion to place required insurances with different insurers for each lot, enhancing their flexibility in service provision. This tender could be highly advantageous for companies with strong financial stability, as well as substantial experience in claims handling and risk management, to secure long-term agreements with Settle Group.

How relevant is this notice?

Notice Title

Provision of Insurance and related services to Settle Group

Notice Description

Provision of General (non-life) Insurance and related services to Settle Group

Lot Information

Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Settle Group

A programme of General (non-life) insurance and related services for Settle Group. 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 and employment practices liability. This list is to be decided at the sole discretion of Settle Group. This Lot excludes: Motor (See Lot 2), Engineering (See Lot 3), Cyber (See Lot 4), Terrorism Pool-Re (See Lot 5), Terrorism (Non-Pool Re) (See Lot 6) and Directors' and Officers' Liability (Lot 7) Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle Group will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services for Motor Fleet risks for Settle Group

Insurance and related services for Motor Fleet Risks for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle Group will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Engineering plant and Inspections for Settle Group

Insurance and related services associated with Engineering Insurance and Inspection for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle Group will consider entering into Long Term Agreements with the bidder and/or the bidder's proposed Risk carriers for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Cyber risks for Settle Group

Insurance and related services associated with Cyber risks for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism risks (Pool-Re) for Settle Group

Insurance and related services associated with Terrorism Pool-Re/Political Violence for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Terrorism risks (Non Pool-Re/Political Violence) for Settle Group

Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Insurance and related services associated with Directors' and Officers' Liability for Settle Group

Insurance and related services associated with Directors' and Officers' for Settle Group. Additional information: For more information about this opportunity, please visit: https://www.delta-esourcing.com/tenders/UK-UK-Hertfordshire:-Insurance-services./46GB4835V6

Options: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Renewal: Settle 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 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a5ef
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031898-2024
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services


CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66513000 - Legal insurance and all-risk insurance services

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle 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

66519200 - Engineering insurance services

71631000 - Technical inspection services

71631100 - Machinery-inspection services

71632200 - Non-destructive testing services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
£3,320,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20241 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2025 - 31 Mar 2028 3-4 years
Recurrence
Between 3 or 5 years from the date of this Notice

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
Settle 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
HERTFORDSHIRE
Postcode
SG6 1HA
Postcode Area
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified

Local Authority
North Hertfordshire
Electoral Ward
Letchworth Norton
Westminster Constituency
North East Hertfordshire

Open Contracting Data Standard (OCDS)

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