Notice Information
Notice Title
Property Damage & Business Interruption
Notice Description
Property Damage & Business Interruption: Policy for material damage, business interruption, machinery breakdown and computer breakdown combined. This notice concerns a necessary portion of insurance cover for which a recent competitive tendering procedure, conducted via a framework agreement (YPO DPS Ref: 001198), did not yield a suitable result. The tenders received for this specific component of cover were demonstrably substantially above the prevailing market rate, preventing a complete award under the established framework. To have proceeded would have resulted in poor value for money being achieved. Neither was full retendering possible due to the imminent expiration of existing insurance provisions. Given the critical nature of this insurance cover for continued operations, and in accordance with Section 43 of the Procurement Act 2023 concerning switching to direct award when suitable tenders are not received, a direct award for this sub-threshold element of the cover is being made. This action is taken to ensure the University has 12 months of full, essential coverage, reflecting the extreme and unavoidable urgency of the situation, which could not have been reasonably foreseen or attributed to the contracting authority.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-05865d
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/048119-2025
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- UK6 - Contract Award Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Direct
- Procurement Method Details
- Below threshold - without competition
- Tender Suitability
- Not specified
- Awardee Scale
- Large
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
- £124,147 £100K-£500K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 12 Aug 20256 months ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 11 Aug 20256 months ago
- Contract Period
- 13 Aug 2025 - 31 Jul 2026 6-12 months
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- LIVERPOOL HOPE UNIVERSITY
- Contact Name
- Not specified
- Contact Email
- procurement@hope.ac.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LIVERPOOL
- Postcode
- L16 9JD
- Post Town
- Liverpool
- Country
- England
-
- Major Region (ITL 1)
- TLD North West (England)
- Basic Region (ITL 2)
- TLD7 Merseyside
- Small Region (ITL 3)
- TLD72 Liverpool
- Delivery Location
- Not specified
-
- Local Authority
- Liverpool
- Electoral Ward
- Childwall
- Westminster Constituency
- Liverpool Wavertree
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/048119-2025
12th August 2025 - Contract award notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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