Award

W612 - Fine Art Insurance Contract Extension

DERBY CITY COUNCIL

This public procurement record has 1 release in its history.

Award

02 Sep 2025 at 14:47

Summary of the contracting process

Derby City Council, a public authority within the sub-central government, has successfully completed a procurement process titled "W612 - Fine Art Insurance Contract Extension." This process concerns the insurance services industry and covers the UKF11 region in the United Kingdom. The procurement stage is marked as complete, with the contract being awarded to AXA INSURANCE UK PLC on 31st March 2025, and it officially started on 1st April 2025, set to conclude on 31st March 2026. The procurement method used was direct, below threshold without competition, indicating a direct negotiation approach was preferred for the contract extension which aligns the policy dates with other insurance policies.

This tender presents a notable opportunity for businesses involved in delivering or brokering insurance services, particularly those well-versed in managing public sector contracts. Although this specific contract did not involve open competition, understanding the operational alignment and contract timings could provide insurance firms with insights into public authority procurement processes, thus aiding them in future bid strategies. Large-scale insurance providers, similar to AXA INSURANCE UK PLC, with experience in handling service contracts within the public authority framework, are well-suited to capitalise on such opportunities.

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Notice Title

W612 - Fine Art Insurance Contract Extension

Notice Description

This Waiver is for the contract extension for our Fine Art Insurance policy. This will bring the policy in line with the renewal date of our other insurance policies and allow us to complete this years tender process collectively.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059274
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/053255-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
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
Not specified
Contracts Value
£50,964 Under £100K

Notice Dates

Publication Date
2 Sep 20255 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DERBY CITY 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
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
Not specified

Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AXA INSURANCE

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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