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Insurance Broker

General Pharmaceutical Council

This public procurement record has 2 releases in its history.

Award

23 Apr 2025 at 16:33

Award Notice
Tender

29 Jan 2025 at 15:37

Tender Notice
Summary of the contracting process

The procurement process was initiated by the General Pharmaceutical Council, based in London, United Kingdom. The contract titled "Insurance Broker" falls under the industry category of "Insurance services" and was aimed at securing experienced brokers for managing insurance products. It was undertaken via an open procurement method, indicating a competitive and transparent process. The procurement moved through various stages including an active tender stage beginning on 29th January 2025, with the contract subsequently awarded on 9th April 2025. The award period commenced on 14th February 2025 and the process is classified as completed. The contract is valued at £625,000, with Arthur J. Gallagher Insurance Brokers Limited emerging as the successful supplier.

This tender presents expansive opportunities for businesses with expertise in insurance brokerage, particularly those well-versed in collaborating with regulatory bodies. Companies with a proven track record in insurance services and claims management would find this contract useful in growing their business portfolio. The procurement was urgent due to insurance renewal requirements, making it an ideal opportunity for businesses capable of responding promptly and demonstrating value through competitive pricing and comprehensive service offerings. The structure of the contract includes the possibility for extensions, fostering potential long-term engagement and continuous business growth.

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Notice Information

Notice Title

Insurance Broker

Notice Description

GPhC are seeking experienced brokers capable of working with a wide range of insurance companies to find the most suitable insurance products as set out in the mandatory requirements. The broker must have experience of working with regulators and be able to demonstrate experience of managing the client relationship before insurance quotes are obtained and for the lifecycle of the insurance process including any claims management.

Lot Information

Lot 1

GPhC are seeking experienced brokers capable of working with a wide range of insurance companies to find the most suitable insurance products as set out in the mandatory requirements. The broker must have experience of working with regulators and be able to demonstrate experience of managing the client relationship before insurance quotes are obtained and for the lifecycle of the insurance process including any claims management.

Options: The contract is for a maximum of 5 years. (Initial term is for 2 years +1+1+1 extension years) Insurance is renewed annually. The Client may terminate the agreement with 3 months' notice after the first year and before the renewal of any insurance products.

Renewal: The contract is for a maximum of 5 years. (Initial term is for 2 years +1+1+1 extension years) Insurance is renewed annually. The Client may terminate the agreement with 3 months' notice after the first year and before the renewal of any insurance products.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04d716
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016623-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£625,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 20251 years ago
Submission Deadline
14 Feb 2025Expired
Future Notice Date
Not specified
Award Date
9 Apr 20251 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
General Pharmaceutical Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4QJ
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J. Gallagher Insurance Brokers 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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