Award

Property Insurance 2025-2027

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

06 Feb 2025 at 14:58

Summary of the contracting process

Hampshire County Council has awarded a contract to Risk Management Partners (RMP) for property insurance services from 2025 to 2027, encompassing a specific selection of properties within the Council's estate. This contract, signed on 29th January 2025, is set to run for 24 months and is valued at £278,047.34. The policy, provided by American International Group UK Limited (AIG), covers perils such as fire, flood, and escape of water, while the broader estate remains self-insured for other risks. The procurement method used was a limited award procedure without prior publication of a call for competition, with the process classed under Regulation 32 of the Public Contract Regulations 2015 to align existing policies with new ones. Preparations for a broader re-procurement of the Council’s insurance services are expected to begin during 2025/26.

This tender represents a substantial opportunity for businesses specialising in insurance services, particularly those with capabilities in providing tailored property insurance policies. The contract's nature, aimed at consolidating and aligning multiple insurance policies, can leverage the expertise of insurance firms experienced in managing and integrating multiple insurance portfolios. Small and medium-sized enterprises (SMEs) with a robust background in insurance services could find this tender particularly beneficial, offering potential for growth through the provision of specialised insurance solutions within the public sector. Successful bidders would be positioned to establish a long-term relationship with Hampshire County Council and potentially compete for future re-procurement opportunities.

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Notice Title

Property Insurance 2025-2027

Notice Description

Hampshire County Council has awarded a contract to Risk Management Partners (RMP) to secure short-term insurance cover. This contract includes a Property Policy that covers a select number of properties within the Hampshire County Council estate, against perils such as fire, flood, and escape of water. The broader estate is self-insured for fire, lightning, and explosion risks. This is a 24 month interim contract award with the existing supplier, to bring the property insurance policy co-terminus with the Council's main insurance policies to allow for it to be re-procured together. Preparations for the re-procurement of the Council's insurance services is anticipated to commence during 2025/26.

Lot Information

Lot 1

Hampshire County Council has awarded a contract to Risk Management Partners (RMP) to secure short-term insurance cover. This contract includes a Property Policy that covers a select number of properties within the Hampshire County Council estate, against perils such as fire, flood, and escape of water. The broader estate is self-insured for fire, lightning, and explosion risks. Risk Management Partners (RMP) is the awarded supplier, the policy is with American International Group UK Limited (AIG) . Additional information: This is a 24 month interim contract award with the existing supplier to bring the property insurance policy co-terminus with the Council's main insurance policies in order to allow them to be re-procured together. Preparations for the re-procurement of the Council's insurance services are anticipated to commence during 2025/26.

Procurement Information

This is an award under Regulation 32 of the Public Contract Regulations 2015. This is a 24 month interim contract award with the existing supplier to bring the property insurance policy co-terminus with the Council's main insurance policies in order to allow them to be re-procured together. Preparations for the re-procurement of the Council's wider insurance requirements are anticipated to commence during 2025/26.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04dc48
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003994-2025
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
SME

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
£278,047 £100K-£500K

Notice Dates

Publication Date
6 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Jan 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

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY COUNCIL
Contact Name
Not specified
Contact Email
procurement.support@hants.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
WINCHESTER
Postcode
SO23 8ZB
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
TLJ3 Hampshire and Isle of Wight

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

RISK MANAGEMENT PARTNERS

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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