Award

Bishop's Stortford Town Council Insurance April 2025 - March 2028

BISHOP'S STORTFORD TOWN COUNCIL

This public procurement record has 2 releases in its history.

Award

07 Apr 2025 at 10:48

UK7 - Contract Details Notice
Tender

05 Mar 2025 at 13:06

UK4 - Tender Notice
Summary of the contracting process

Bishop's Stortford Town Council recently completed the procurement process for a comprehensive insurance package covering the period from April 2025 to March 2028. The procurement was classified under the financial and insurance services industry category. The insurance contract, valued at £51,451.29, was awarded to Zurich Insurance Company Ltd. The key dates for this procurement included the tender period ending on 24th March 2025, and the contract commencing on 1st April 2025. The procurement process followed an open competition method targeting services below the threshold.

This tender presents significant opportunities for businesses operating within the insurance industry, particularly those specialising in providing comprehensive coverage for public authorities. The nature of the insurance package and the substantial contract value offer robust growth and revenue potential for the winning bidder. Well-established insurance providers with expertise in public sector contracts and a track record of delivering comprehensive insurance solutions would find this opportunity particularly well-suited to their capabilities. Smaller insurance firms aiming to expand their footprint in the public sector might also benefit from participating in such tenders in the future.

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Notice Information

Notice Title

Bishop's Stortford Town Council Insurance April 2025 - March 2028

Notice Description

Comprehensive package of Insurance for Bishop's Stortford Town Council for the period April 2025 - March 2028 (3 years).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04e9c8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013345-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
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

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
£45,000 Under £100K
Awards Value
Not specified
Contracts Value
£51,451 Under £100K

Notice Dates

Publication Date
7 Apr 202510 months ago
Submission Deadline
24 Mar 2025Expired
Future Notice Date
Not specified
Award Date
27 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BISHOP'S STORTFORD TOWN COUNCIL
Contact Name
Not specified
Contact Email
tenders@bishopsstortfordtc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BISHOP'S STORTFORD
Postcode
CM23 2ND
Post Town
Chelmsford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
TLH23 Hertfordshire CC
Local Authority
East Hertfordshire
Electoral Ward
Bishop's Stortford Central
Westminster Constituency
Hertford and Stortford

Supplier Information

Number of Suppliers
1
Supplier Name

ZURICH INSURANCE

Further Information

Notice Documents

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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