Procurement of OCIP Insurance (excluding Broker and Administration Services)

NORTHERN IRELAND WATER

There is 1 contract in this contracting process.

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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Tender

Procurement of OCIP Insurance (excluding Broker and Administration Services)

NORTHERN IRELAND WATER

Contract Timeline

Publication Date

10th January 2025 16:26:59 PM

Tender Deadline

14th February 2025 17:00:00 PM 26 days remaining
Contract Summary

Insurance for OCIP programme
Contract Details

Open Contracting ID

ocds-h6vhtk-04cf3e

Publication Source

Find a Tender Service

Procurement Stage

Tender

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

65100000

CPV Division(s)

65 - Public utilities
Awarding Authority

NORTHERN IRELAND WATER

Buyer Name

Les Dick

Buyer Email

leslie.s.dick@marsh.com

Buyer Phone

+44 7392122557

Buyer Address

Westland House, 40 Old Westland Road

BELFAST

BT14 6TE

United Kingdom

View contract on Find a Tender Service

Procurement of OCIP Insurance (excluding Broker and Administration Services)

NORTHERN IRELAND WATER

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority