This public procurement record has 2 releases in its history.

Award

17 Sep 2025 at 10:33

Tender

07 Feb 2025 at 12:45

Summary of the contracting process

Scottish Enterprise, a regional or local agency located in Glasgow, United Kingdom, recently completed a procurement process for their Insurance Broker Services. This contract, identified by the title "Insurance Broker Services (P25-0059)," involves insurance brokerage services, specifically within the services industry category. The process moved from tender to the award stage, with the award date being 16 September 2025. The main procurement method was an open procedure, and the contract, valued at £3,250,000, is set to commence on 1 June 2025, spanning until 31 May 2028, with extension options available. This procurement highlights opportunities related to insurance market insights and handling queries in alignment with Scottish Enterprise's needs.

This tender offers considerable opportunities for growth, especially for businesses specialising in insurance brokerage. Companies with expertise in providing professional insurance advice and managing related portfolios are ideally positioned to compete for this contract. This type of procurement can aid in business expansion by establishing long-term contracts with large organisations like Scottish Enterprise, providing consistent revenue streams. The procurement requirements emphasise a focus on sustainability, methodology innovation, and comprehensive experience, making it ideal for experienced brokerage firms with robust, innovative processes and a commitment to sustainable practices in handling insurance services across different domains.

How relevant is this notice?

Notice Title

Insurance Broker Services (P25-0059)

Notice Description

Scottish Enterprise is seeking to appoint a professional and expert insurance broker to act as our contracted Agent and oversee all insurance related activity on our behalf, with input and agreement from our nominated staff as needed. This will include: (i) Professional advice on insurance market and risks which are appropriate to our current and future business activities. (ii) Procuring and placing annual insurance policies on our behalf. (iii) Handling any claims, or insurance related queries (iv) Deal with all insurance related matters in connection with the SE Investment property portfolio. Full details of the requirements can be found within the Invitation to Tender (ITT). It is anticipated that the contract will commence on 1 June 2025 for an initial period of 3 years to 31 May 2028, with the potential to extend the contract by mutual agreement for a further 2 x 12-month periods up to a final contract end date of 31 May 2030. An existing contract with our current insurer is due to expire on 31 May 2025. The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees.

Lot Information

Lot 1

Scottish Enterprise is seeking to appoint a professional and expert insurance broker to act as our contracted Agent and oversee all insurance related activity on our behalf, with input and agreement from our nominated staff as needed. This will include: (i) Professional advice on insurance market and risks which are appropriate to our current and future business activities. (ii) Procuring and placing annual insurance policies on our behalf. (iii) Handling any claims, or insurance related queries (iv) Deal with all insurance related matters in connection with the SE Investment property portfolio. Full details of the requirements can be found within the Invitation to Tender (ITT). It is anticipated that the contract will commence on 1 June 2025 for an initial period of 3 years to 31 May 2028, with the potential to extend the contract by mutual agreement for a further 2 x 12-month periods up to a final contract end date of 31 May 2030. An existing contract with our current insurer is due to expire on 31 May 2025. The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees. Additional information: The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: 2 x 12-month extension options

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04dcbb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/057220-2025
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66512100 - Accident insurance services

66513100 - Legal expenses insurance services

66514000 - Freight insurance and Insurance services relating to transport

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£3,250,000 £1M-£10M
Lots Value
£3,250,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1

Notice Dates

Publication Date
17 Sep 202511 months ago
Submission Deadline
12 Mar 2025Expired
Future Notice Date
Not specified
Award Date
16 Sep 202511 months 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
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Marsh Limited

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...