Award

Insurance Cover Careers Wales

CAREERS WALES

This public procurement record has 2 releases in its history.

Summary of the contracting process

The public procurement process is initiated by Careers Wales, located in Cardiff, for the tender titled "Insurance Cover Careers Wales." This procurement falls within the services industry, primarily focusing on financial and insurance services. The tender is currently in the Award stage, with a budget estimated at £140,000 for a two-year contract. Key dates include the end of the submission period on 11th March 2022 and the award period concluding on 28th March 2022. The procurement method used is open, allowing a broad range of suppliers to participate.

This tender presents significant opportunities for businesses in the insurance sector, particularly those specialising in insurance brokerage, cyber security insurance, and ethical employment practices. Companies that can demonstrate robust customer satisfaction strategies, effective claims handling, and sustainable practices will be well-positioned to compete. Given the focus on a two-year insurance cover, firms offering innovative insurance solutions that meet the specific needs of a public sector organisation like Careers Wales can leverage this contract to expand their service offerings and enhance their market presence.

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How relevant is this notice?

Notice Title

Insurance Cover Careers Wales

Notice Description

Our current insurance coverage is due to expire on 31st March 2022 and we are seeking to tender these services for a period of two years. This tender is below threshold with an estimated two year budget of PS140,000.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-118811
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=118811
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

66518200 - Insurance agency services

66700000 - Reinsurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 May 20223 years ago
Submission Deadline
11 Mar 2022Expired
Future Notice Date
Not specified
Award Date
20 Mar 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CAREERS WALES
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 2HH
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified

Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

PIB INSURANCE

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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        "eligibilityCriteria": "In your submission please state the following:Full details of cover provided for each policy including * the extent that the cover matches the requirements of the specification* Principle exclusions The tender will be scored based on the following criteria:Price: The premium fee 50% of the overall score. All premiums to be quoted exclusive of IPT / VAT. Please state individual costs for1. Commercial combined2. Combined business travel/sickness3. Terrorism4. Cyber securityQuality 50% (split as follows)* Measurement customer satisfaction 10 marks* Added Value 10 marks* Claims handling Methodology 10 marks* Cyber insurance 10 marks* Environment 5 marks* Ethical employment 5 marksQuality SectionHow do you ensure customer Satisfaction - 10%Demonstrate strategies and techniques that measure and maintain customer satisfaction. Added Value max 300 wordsDescribe how you can provide support and advice on risk management.Claims handling Methodology 10% - 300 wordsPlease describe your claims handling process from first notification through to final settlement. Details of claims case load per handler , Cyber Insurance 10% - max 300 wordsThere has been significant changes over the last two years - cyber risk and security is a key area that we are focusing our insurance needs on. Which insurance would you recommend purchasing highlighting the pitfalls associated with cyber insurance and how your policy proposal mitigates these pitfalls.Environment 5% - max 300 wordsCareers Wales Embrace Sustainable Development principles in all aspects of procurement to ensure that environmental, social and economic factors are considered within the framework of value for money' Suppliers are required to include a paragraph on how they incorporate carbon reducing emission practices within their organisation to achieve net zero.Ethical Employment 5% - max 300 wordsCCDG has adopted the Welsh Government's code of practice on ethical procurement in supply chains and in order to ensure high standards of service quality in this contract we expect contractors to take a similar approach in relation to ethical working practices. Please describe how you will commit to fair working practices within your company Submission DetailsIt should be noted that:1. Careers Wales will not be liable for or pay expenses or losses whatsoever whichmay be incurred by any tenderer in the preparation of a submission.2.. The contract will be awarded based on the following criteria:Overview of ScoringPrice 50%The lowest price for the total of the 4 cost elements required will be awarded the maximum score of 50 for price alone, with tenderers thereafter being allocated a relative score which will be 50 marks less the percentage difference from the lowest price. For example lowest price is PS40,000 the next lowest is PS50,000 the second lowest tender would score 50 - (10,000/40,000x100) = -12 score of 38.Quality 50%The following marks are allocated to each section:* Measurement customer satisfaction 10 marks* Added Value10 marks* Claims handling Methodology 10 marks* Cyber insurance 10 marks* Environment 5 marks* Ethical employment 5 marksThe scoring methodology1. Very Good or Fully Compliant Submission -which meets all requirements and is fully explained in comprehensive detail - between 90 to 100% of the marks available2. Good or Fully Compliant Submission -which meets all the requirements and is explained in reasonable detail between 70% and 80% of the marks available3. Satisfactory or Compliant Submission -which meets the essential requirements and is explained in adequate detail 50% to 60% of the marks available4. Weak or Partially Compliant (Minor issues) Submission where some areas falls short of requirements and is poorly explained 30% to 40% of the marks available5. Unacceptable or Non Compliant (Major issues) Submission which fails to meet requirements and is not explained 10% to 20% of the marks available",
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