Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Insurance Services

Staffordshire County Council

This public procurement record has 1 release in its history.

AwardUpdate

29 Apr 2025 at 08:51

Award Notice
Summary of the contracting process

The recent procurement process undertaken by Staffordshire County Council focused on acquiring insurance services, specifically Property Insurance, with the official procurement identifier IA2007. Situated in the region of UKG2, Staffordshire, this tender falls under the services category in the insurance industry, according to CPV classification 66510000. The procurement is at the contract update stage, with the award having been made to Zurich Municipal. The contract was signed on 28th April 2025 and will run from 1st May 2025 to 30th April 2026, with a contract value of £1,141,247.92. Notably, this contract includes a 12-month extension and an additional spend of £350,000 due to previously unforeseen circumstances affecting the insured sums and requirement for revised terms with the insurer.

This tender offers substantial business opportunities, particularly for large-scale insurance firms equipped to manage complex, long-term property insurance needs. The decision by Staffordshire County Council to extend and amend the financial terms highlights the potential for additional revenue and contract stability, especially for businesses that can provide thorough cost assessments and adaptation to fast-evolving insurance demands. Firms able to enhance their service offerings through compliance with legal and competitive requirements in this sector will find them well-suited to participate and benefit from future opportunities in public procurement within the insurance services domain.

How relevant is this notice?

Notice Information

Notice Title

Insurance Services

Notice Description

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0508c6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017464-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,141,247 £1M-£10M

Notice Dates

Publication Date
29 Apr 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Apr 20251 years ago
Contract Period
1 May 2025 - 30 Apr 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Staffordshire County 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
STAFFORD
Postcode
ST16 2DH
Postcode Area
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG2 Shropshire and Staffordshire
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Municipal

Further Information

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...