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Provision of insurance services for Property Damage, Business Interruption & Money for West Suffolk Council

West Suffolk Council

This public procurement record has 1 release in its history.

Award

15 May 2025 at 13:56

Award Notice
Summary of the contracting process

The procurement process facilitated by West Suffolk Council involves the provision of insurance services for Property Damage, Business Interruption, and Money. It falls under the Financial and Insurance Services industry category and encompasses the UKH14 region. The procurement stage has reached completion, with the award dated 15 May 2025. Key phases include contract initiation on 1 April 2025, with an end date set for 31 March 2028, and a possible extension until 31 March 2030. The procurement was conducted through a limited method without prior publication of a call for competition, under the CCS DPS - Insurance Services 3 - Mini-competition framework.

This tender creates substantial opportunities for businesses specialising in insurance services to expand their market presence. Regional or large-scale insurance firms, like the awarded Travelers Insurance, are well-positioned to benefit. With a value of £718,336.20, the contract provides a stable income stream and potential for sustained engagement over several years, contingent upon performance and extension options. Businesses that can offer competitive pricing and high-quality service, given the award criteria of cost (55%) and quality (45%), stand to gain significantly from participating in similar procurement activities initiated by local authorities like West Suffolk Council.

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Notice Information

Notice Title

Provision of insurance services for Property Damage, Business Interruption & Money for West Suffolk Council

Notice Description

Provision of insurance services for Property Damage, Business Interruption & Money for West Suffolk Council. Insurance Tender under CCS DPS - Insurance Services 3 - Mini-competition.

Lot Information

Lot 1

West Suffolk Council Insurance Tender under CCS DPS - Insurance Services 3 - Mini-competition.

Options: The contract start date is 01 April 2025 and contract end date is 31 March 2028. The contract can be extended by 2 more years to 31 March 2030.

Procurement Information

West Suffolk Council Insurance Tender under CCS DPS - Insurance Services 3 - Mini-competition.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051482
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021761-2025
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£718,336 £500K-£1M

Notice Dates

Publication Date
15 May 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 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
West Suffolk 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
BURY ST EDMUNDS
Postcode
IP33 3YU
Postcode Area
Ipswich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH64 West Suffolk
Delivery Location
TLH14 Suffolk CC
Local Authority
West Suffolk
Electoral Ward
Minden
Westminster Constituency
Bury St Edmunds and Stowmarket

Supplier Information

Number of Suppliers
1
Supplier Name

Travelers Insurance

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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