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Marine Energy Test Area (META) Provision of 3rd Party and Public Liability Insurance Cover

Pembrokeshire Coastal Forum CIC

This public procurement record has 2 releases in its history.

Award

09 Sep 2024 at 11:30

S2W Notice - Website Contract Award Notice
Tender

01 Feb 2024 at 11:19

S2W Notice - Website Invitation to Tender Notice
Summary of the contracting process

The Pembrokeshire Coastal Forum CiC has awarded a contract to Arthur J. Gallagher Insurance Brokers Limited for the provision of 3rd Party and Public Liability Insurance Cover for the Marine Energy Test Area (META) in Pembroke Dock. This award follows an open tender that began in February 2024, with the final contract signed in April 2024. The contract focuses on services in the insurance industry category, with specific classifications including marine, aviation, transport, and liability insurance services. The procurement stage has progressed to the "Award" phase as of 9th September 2024, with the contract currently active and covering an initial period of one year. Key dates included the tender end date on 28th March 2024 and the award date on 12th April 2024.

This tender provides significant business growth opportunities for insurance brokers specialising in marine and liability insurance. Companies well-suited to compete in this process typically include those experienced in providing comprehensive insurance coverage for high-risk environments and high-value policies, specifically those able to offer competitive premium and broker fees and adept at meeting stringent financial and risk mitigation requirements. The tender’s focus on cost evaluation underscores the importance of clear and competitive pricing structures, making it an ideal opportunity for businesses that can deliver cost-effective solutions while maintaining robust coverage.

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Notice Information

Notice Title

Marine Energy Test Area (META) Provision of 3rd Party and Public Liability Insurance Cover

Notice Description

PCF are looking for an insurance broker to find suitable Marine Liability Insurance of no less than PS5,000,000 to cover Third Party and Public Liability Risk associated with its position as test site operator for META https://www.meta.wales/PCF are looking initially for a 1 year policy. For the successful proposal PCF will pay broker fees, premium fees and taxes. The price for these separate elements must be made clear in the quote. Provided the policy proposed meets the needs of PCF the quote will be evaluated exclusively on cost.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-138581
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=138581
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

66510000 - Insurance services

66514120 - Marine, aviation and other transport insurance services

66514150 - Vessel insurance services

66516000 - Liability insurance services

66516300 - Vessel liability insurance services

66516500 - Professional liability insurance services

Notice Value(s)

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

Notice Dates

Publication Date
9 Sep 20242 years ago
Submission Deadline
28 Mar 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Pembrokeshire Coastal Forum CIC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PEMBROKE DOCK
Postcode
SA72 6TR
Postcode Area
Swansea
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL42 South West Wales
Delivery Location
Not specified
Local Authority
Pembrokeshire
Electoral Ward
Pembroke Dock: Central
Westminster Constituency
Mid and South Pembrokeshire

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J. Gallagher Insurance Brokers Ltd

Further Information

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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