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Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

Trinity House

This public procurement record has 2 releases in its history.

Award

20 Feb 2025 at 19:05

Award Notice
Tender

16 Oct 2024 at 14:05

Tender Notice
Summary of the contracting process

The Corporation of Trinity House, on behalf of itself and the other General Lighthouse Authorities (GLAs) of the United Kingdom and The Republic of Ireland, is in the process of procuring a contract for the brokerage, provision, and management of insurance requirements for the GLAs covering the period from 2025 to 2028, with possible extensions to 2030. This tender, with a budget of £7.9 million, falls under the industry category of Insurance Brokerage Services and is currently at the Tender stage. The procurement method used is an Open procedure, and proposals must be submitted by 15th November 2024. The services required include the management of the GLAs' protection, indemnity, and war risk insurance requirements, among others. The successful tenderer will manage the insurance requirements from 20th February 2025, with potential for contract extensions for an additional two years.

This tender represents a significant business opportunity for firms specialising in insurance brokerage services, particularly those with experience in the maritime sector. The contract offers a substantial value and a fixed price agreement for the initial three years, making it an attractive engagement for qualified firms. Small and medium-sized enterprises (SMEs) are encouraged to participate, as indicated by the contracting authority. To be competitive, businesses will need to demonstrate a thorough understanding of the GLAs' insurance needs, offer proactive advice on loss prevention, and manage claims efficiently. Companies with proven access to the required underwriting market for maritime and general liability policies will be well-suited to compete for this tender.

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Notice Information

Notice Title

Brokerage, Provision and Management of Insurance Requirements for the General Lighthouse Authorities (GLA's)

Notice Description

The Corporation of Trinity House on behalf of itself and the other General Lighthouse Authorities (GLAs) of the United Kingdom and The Republic of Ireland invites potential tenderers to submit a proposal for the brokerage, provision and management of insurance requirements for the GLAs between 2025 - 2028, with possible extensions to 2030. This will require the successful tenderer to place, and thereafter manage, the GLAs' protection and indemnity and war risk insurance requirements, as described in the General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances from 20th February 2025 and the other insurances as described in the register from 1st April 2025. The General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances will be included as an annex to the Invitation to Tender. It is anticipated that the tender will result in a fixed price brokerage contract for three years, with an option to extend the contract for a further period of 12 months and a subsequent 12 months thereafter, at the GLAs' sole discretion.

Lot Information

Lot 1

The Corporation of Trinity House on behalf of itself and the other General Lighthouse Authorities (GLAs) of the United Kingdom and The Republic of Ireland invites potential tenderers to submit a proposal for the brokerage, provision and management of insurance requirements for the GLAs between 2025 - 2028, with possible extensions to 2030. This will require the successful tenderer to place, and thereafter manage, the GLAs' protection and indemnity and war risk insurance requirements, as described in the General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances from 20th February 2025 and the other insurances as described in the register from 1st April 2025. The General Lighthouse Authorities' Register of Major Insurances and Trinity House Non-Marine Insurances will be included as an annex to the Invitation to Tender. It is anticipated that the tender will result in a fixed price brokerage contract for three years, with an option to extend the contract for a further period of 12 months and a subsequent 12 months thereafter, at the GLAs' sole discretion. Additional information: The full award criteria is available in the ITT, due to word count restrictions, it has been condensed above.

Options: Any variations in the insurance cover currently in place as detailed in the Register of Major Insurances (ANNEX 1 to the ITT), other than changes in deductibles should be stated in the tender proposal.

Renewal: 3 + 1 + 1

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04acd5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006474-2025
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£7,900,000 £1M-£10M
Lots Value
£7,900,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£6,144,762 £1M-£10M

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
15 Nov 2024Expired
Future Notice Date
Not specified
Award Date
22 Jan 20251 years ago
Contract Period
20 Feb 2025 - 31 Mar 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Trinity House
Additional Buyers

Corporation of Trinity House

Northern Lighthouse Board

THE COMMISSIONERS OF NORTHERN LIGHTHOUSES operating as the Northern Lighthouse Board

The Commissioners of Irish Lights

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DUN LAOGHAIRE
Postcode
EC3N 4DH
Postcode Area
Central 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
City of London
Electoral Ward
Tower
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Willis Limited

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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