Award

Provision of motor insurance services to FRIC and its members

FIRE & RESCUE INDEMNITY COMPANY LIMITED

This public procurement record has 1 release in its history.

Award

05 Nov 2025 at 17:05

Summary of the contracting process

The procurement process, initiated by the Fire & Rescue Indemnity Company Limited (FRIC), focused on the provision of motor insurance services to its members. The contracting process culminated on 5th November 2025 with the awarding of the contract to QBE UK Limited. The direct award was deemed necessary due to urgent and unforeseeable circumstances, necessitating insurance services for the organisation's vehicles, categorised under "Pecuniary loss insurance services". The contract is set within the industry sector of services and has a geographic focus in London, UK. The agreement, valued at £1,275,500 excluding taxes, will span from 5th November 2025 to 31st October 2028, with potential renewals extending up to 31st October 2031.

This contract presents a significant business growth opportunity in the insurance sector, particularly for large organisations with capabilities to fulfil statutory insurance requirements swiftly. The direct award procedure, executed under urgency provisions of the Procurement Act 2023, underscores the need for service providers who can adapt to dynamic procurement demands and deliver comprehensive insurance coverage efficiently. Businesses with expertise in providing tailored insurance solutions and those with established networks in the public insurance domain would find themselves well-positioned to meet these procurement needs, potentially resulting in expansion through similar engagements in urgent procurement contexts.

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Notice Title

Provision of motor insurance services to FRIC and its members

Notice Description

Contract for provision of insurance services relating to statutory insurance and comprehensive cover for the red fleet and light fleet vehicles owned by, leased by or hired by Members of FRIC. The estimated contract value is PS1,275,500 excluding insurance premium tax. The services will be supplied by QBE UK Limited.

Procurement Information

The contract is being awarded to a supplier which is not an excluded supplier because a justification applies in accordance with section 41(1)(a) of the Procurement Act 2023. a. The justification for the direct award of the contract is provided under Schedule 5, paragraph 13 (Urgency). b. The services procured under this contract, the provision of motor vehicle insurance, are statutory requirements and cannot be delayed or deferred beyond the contract commencement date. c. Due to the urgent and unforeseeable need to place a contract of insurance the contract cannot be awarded on the basis of a competitive tendering procedure. d. Given the urgency, FRIC sought proposals from across the insurance market through its broker to obtain the most advantageous terms.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05db5d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071413-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK5 - Transparency Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66515411 - Pecuniary loss insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,275,500 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Nov 20253 months ago
Contract Period
5 Nov 2025 - 31 Oct 2028 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FIRE & RESCUE INDEMNITY COMPANY LIMITED
Contact Name
Simon Lambeth
Contact Email
info@fric.org.uk
Contact Phone
+447957336456

Buyer Location

Locality
LONDON
Postcode
EC3M 4ST
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Tower
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

QBE

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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