Award

QW Insurance broker and placement

QUALIFICATIONS WALES

This public procurement record has 1 release in its history.

Award

03 Jun 2025 at 15:03

S2W Notice - Website Contract Award Notice
Summary of the contracting process

Qualifications Wales, based in Newport, has completed the award phase for the procurement titled "QW Insurance broker and placement," under the industry category of services, particularly insurance services. This procurement, which falls under the ESPO framework, involved the selection of a supplier for insurance services through a direct award using a rate card, ensuring value for money. The contract was signed on 12 May 2025, indicating the completion of the procurement process's award stage. Notably, the insurance services contract was awarded to Aspen Insurance UK Ltd, located in London.

This procurement presents significant business growth opportunities, especially for companies specialising in insurance brokerage services. With the involvement in established frameworks like the ESPO and the use of the Dynamic Purchasing System (DPS), businesses already familiar with these processes would be particularly well-suited to compete in similar tenders. Such opportunities allow insurance companies to establish key partnerships with public sector organisations, enhancing their market presence and potentially leading to further contracts under different frameworks.

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Notice Information

Notice Title

QW Insurance broker and placement

Notice Description

Aon our current broker are a supplier on the 1160_23 Insurance Brokerage Framework which is open to QW. AON was selected as a direct award using the framework rate card to which demonstrates value for money when compared with the other brokers' rates.AON was instructed to use the 1198_24 Insurance Placement DPS to tender for an insurance provider on our behalf using the DPS awarded for this purpose under the ESPO framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-151827
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=151827
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
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

Notice Value(s)

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

Notice Dates

Publication Date
3 Jun 20258 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 May 20259 months 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
QUALIFICATIONS 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
NEWPORT
Postcode
NP10 8AR
Post Town
Newport
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
Not specified
Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN INSURANCE

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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