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Procurement of OCIP Insurance (excluding Broker and Administration Services)

NORTHERN IRELAND WATER LIMITED

This public procurement record has 1 release in its history.

Tender

10 Jan 2025 at 16:26

Tender Notice
Summary of the contracting process

Northern Ireland Water Limited is inviting tenders for the procurement of OCIP Insurance (excluding Broker and Administration Services) under CPV classification 65100000, relating to water distribution and related services. The procurement is in the tender stage, with the submission deadline set for 14th February 2025 at 17:00. The contract period commences on 1st April 2025 and ends on 31st March 2028, with an option for renewal up to three additional years. The project is located in Belfast, United Kingdom, providing insurance for Construction All Risks with a coverage limit of GBP 20,000,000 per project and GBP 40,000,000 in aggregate for any one flood event, alongside other liabilities.

This tender provides significant opportunities for insurance companies with expertise in construction risk management to expand their business portfolio. Ideal bidders should have a proven track record in providing similar insurance services, authorised by the UK FCA or equivalent, and possess a credit rating of at least A- from S&P or equivalent. The open procedure method allows various insurers to present competitive bids, which will be evaluated based on quality of cover, risk and claims management, social value, and price. Successful bidders can expect a multi-year engagement with potential extensions, facilitating stable business growth and solid partnership with Northern Ireland Water Limited.

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Notice Information

Notice Title

Procurement of OCIP Insurance (excluding Broker and Administration Services)

Notice Description

Insurance for OCIP programme

Lot Information

Lot 1

OCIP Insurance for Construction All Risks with a limit of GBP 20,000,000 per project but GBP 40,000,000 in the aggregate in respect of any one Flood event. Third Party Labilities and Non- Negligent Liability to GBP 2.5m each

Options: Multi year options will be considered

Renewal: Preferred option is for up to three years. Other options will be considered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04cf3e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000920-2025
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

65 - Public utilities

CPV Codes

65100000 - Water distribution and related services

Notice Value(s)

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

Notice Dates

Publication Date
10 Jan 20251 years ago
Submission Deadline
14 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTHERN IRELAND WATER LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT14 6TE
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN0 Northern Ireland
Local Authority
Belfast
Electoral Ward
Chichester Park
Westminster Constituency
Belfast North

Further Information

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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