Award

Insurance Services

CARTREFI CONWY CYFYNGEDIG

This public procurement record has 2 releases in its history.

Award

30 Jan 2025 at 17:00

Award

20 Dec 2024 at 14:00

Summary of the contracting process

Cartrefi Conwy Cyfyngedig has completed a contract for the provision of insurance services with Protector Insurance, effective from 31 December 2024. The contract, valued at £659,440.76, is for a duration of 12 months. The procurement categorised under insurance services was carried out using a limited procurement method under the Public Contracts Regulation 2015, specifically Regulation 32(2)(b)(ii), allowing for a negotiated procedure without prior publication due to the technical reasons and lack of reasonable substitute providers. This contract serves the region of North Wales, specifically Abergele, and confirms the completion phase of the procurement process.

This procurement offers business growth opportunities particularly for large-scale insurance providers and brokers who specialise in sectors with unique and stringent insurance requirements, such as housing and community amenities. Businesses with the capability and experience to handle complex claims histories and adapt to volatile market conditions would find this opportunity highly fitting. The success of Protector Insurance in securing this contract highlights the potential benefits for similar enterprises to engage in future tenders announced by Cartrefi Conwy Cyfyngedig.

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Notice Title

Insurance Services

Notice Description

This notice sets out that Cartrefi Conwy has awarded a contract to Protector for the provision of Insurance Services. The contract is for a period of 12 Months.

Lot Information

Lot 1

This notice sets out that Cartrefi Conwy have awarded a contract to Protector Insurance for the provision of Insurance Services. The contract is for a period of 12 months and has a total value of 660,000 GBP. Cartrefi Conwy considers that the award of the contract is permitted under Regulation 32(2)(b)(ii) of the Public Contracts Regulation 2015 (the PCR). Regulation 32(2)(b)(ii) of the PCR allows contracting authorities to award a public contract by a negotiated procedure without prior publication on the grounds that no other supplier is available for technical reasons and where no reasonable substitute exists. The contract is being awarded via an appointed insurance broker. Having researched the market and received expert advice, Cartrefi Conwy acknowledges that current market conditions remain volatile. Due to the current claims history and the project work being undertaken to address this, along with the required scope of insurance coverage, Cartrefi Conwy believes the incumbent provider is the only one reasonably available to meet these needs for the required period. Cartrefi Conwy plans to initiate a replacement process within the next 12 months.

Procurement Information

This notice sets out Cartrefi Conwy's award of a contract to Protector Insurance for the provision of Insurance Services. The contract is for a period of 12 months and has a total value of 660,000 GBP. Cartrefi Conwy considers that the award of the contract is permitted under Regulation 32(2)(b)(ii) of the Public Contracts Regulation 2015 (the PCR). Regulation 32(2)(b)(ii) of the PCR allows contracting authorities to award a public contract by a negotiated procedure without prior publication on the grounds that no other supplier is available for technical reasons and where no reasonable substitute exists. The contract is being awarded via an appointed insurance broker.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04ca34
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003182-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£659,440 £500K-£1M

Notice Dates

Publication Date
30 Jan 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Dec 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CARTREFI CONWY CYFYNGEDIG
Contact Name
Stacey Faughnan
Contact Email
stacey.faughnan@cartreficonwy.org
Contact Phone
+44 3001240040

Buyer Location

Locality
ABERGELE
Postcode
LL22 8LJ
Post Town
Llandudno
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL33 Conwy and Denbighshire
Delivery Location
TLL13 Conwy and Denbighshire

Local Authority
Conwy
Electoral Ward
Pen-sarn Pentre Mawr
Westminster Constituency
Clwyd North

Supplier Information

Number of Suppliers
1
Supplier Name

PROTECTOR INSURANCE

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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