Tender

Corporate Insurance

WOKINGHAM BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Dec 2024 at 13:29

Summary of the contracting process

Wokingham Borough Council is currently in the Tender stage of their procurement process for Corporate Insurance, which falls under the Financial and Insurance Services industry category. Key details include covering various types of insurance needs, such as Property / Material Damage, Combined Liability and Fidelity Guarantee, Motor Fleet, Engineering Inspection and Insurance, and Group Personal Accident and Travel Insurance. The procurement is open for electronic submissions until 5th February 2025, with the tenders being opened on the same day. The procurement method being used is an open procedure, and the overall contract duration is 1800 days, including an option for a 24-month extension.

This tender presents a significant opportunity for businesses specialising in insurance services to expand their portfolio by securing long-term contracts with a regional authority. Companies with expertise in various insurance areas, such as liability, engineering, and motor fleet insurance, are well-suited to compete. The comprehensive nature of this procurement means multiple lots can be bid on, providing flexibility and potentially high value for winning suppliers. Businesses adept at handling public sector contracts and those looking to strengthen their presence in the UK regional authority market will find this tender particularly advantageous.

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Notice Title

Corporate Insurance

Notice Description

Insurance cover for Wokingham Borough Council: LOT 1 - Property / Material Damage Risk Information LOT 1 - Property / Material Damage Risk Information - Current/Historic Deductibles LOT 2 - Combined Liability and Fidelity Guarantee / Crime Risk Information LOT 2 - Combined Liability Risk Information LOT 2 - Combined Liability Risk Information Current/Historic Deductibles LOT 2 - Fidelity Guarantee / Crime Risk Information LOT 3 - Motor Fleet Insurance (excluding Broker Services) LOT 3 - Motor Fleet Risk Information LOT 3 - Motor Fleet Historic Deductibles LOT 4 - Engineering Inspection and Insurance (excluding Broker Services) LOT 4 - Engineering Risk Information LOT 5 - Group Personal Accident and Travel Insurance (excluding Broker Services) LOT 5 - Group Personal Accident and Travel Insurance (excluding Broker Services)

Lot Information

Lot 5

Insurance cover for Wokingham Borough Council: LOT 1 - Property / Material Damage Risk Information LOT 1 - Property / Material Damage Risk Information - Current/Historic Deductibles LOT 2 - Combined Liability and Fidelity Guarantee / Crime Risk Information LOT 2 - Combined Liability Risk Information LOT 2 - Combined Liability Risk Information Current/Historic Deductibles LOT 2 - Fidelity Guarantee / Crime Risk Information LOT 3 - Motor Fleet Insurance (excluding Broker Services) LOT 3 - Motor Fleet Risk Information LOT 3 - Motor Fleet Historic Deductibles LOT 4 - Engineering Inspection and Insurance (excluding Broker Services) LOT 4 - Engineering Risk Information LOT 5 - Group Personal Accident and Travel Insurance (excluding Broker Services) LOT 5 - Group Personal Accident and Travel Insurance (excluding Broker Services)

Renewal: Option of 24-month extension

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c921
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040772-2024
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

66000000 - Financial and insurance services

66516000 - Liability insurance services

66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
5 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WOKINGHAM BOROUGH COUNCIL
Contact Name
Mr Adeniyi Awoyemi
Contact Email
adeniyi.awoyemi@wokingham.gov.uk
Contact Phone
+44 7521311153

Buyer Location

Locality
WOKINGHAM
Postcode
RG40 1BN
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified

Local Authority
Wokingham
Electoral Ward
Emmbrook
Westminster Constituency
Wokingham

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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