Award

CT2173 Insurance for Edinburgh Trams Ltd (ETL)

THE CITY OF EDINBURGH COUNCIL

This public procurement record has 2 releases in its history.

Award

22 May 2017 at 00:00

Tender

03 Mar 2017 at 00:00

Summary of the contracting process

The City of Edinburgh Council is conducting a tender (CT2143) for a property damage and business interruption insurance policy for Edinburgh Trams Ltd, located in Edinburgh, Scotland. This procurement process, which is currently in the active stage, employs an open procurement method with submissions accepted until 3 April 2017, at 17:00. The estimated value of the contract is approximately £925,000, with the contract period scheduled to commence on 31 May 2017, potentially extending up to 30 May 2020, subject to satisfactory performance.

This tender presents significant opportunities for firms specialising in insurance and related services, particularly those experienced in servicing public transportation bodies. Businesses that demonstrate technical proficiency in risk management and possess a strong track record in delivering community benefits may find themselves particularly competitive. The contract requires bidders to contribute to community initiatives, which can further enhance brand reputation and establish valuable local partnerships.

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Notice Title

CT2173 Insurance for Edinburgh Trams Ltd (ETL)

Notice Description

The City of Edinburgh Council has a requirement for a property damage and business interruption policy for Edinburgh Trams Ltd.

Lot Information

Lot 1

The City of Edinburgh Council intends to put a contact in place for a contract for Edinburgh Trams Ltd's (ETL) Property Damage/Business Interruption insurance. Edinburgh Trams Ltd is the designated operator of the tramway in Edinburgh. ETL is wholly owned by the City of Edinburgh Council (CEC) and is operated as an arms-length company. It is part of the Transport for Edinburgh group and has a 15 year Operating Agreement with CEC. Construction of the tramway system began in 2008 and was completed in late 2013. Fare paying revenue services commenced on 31st May 2014. Since then the company has operated a highly successful frequent tram service operating 7 days a week from 5am till midnight from Edinburgh Airport to York Place via Haymarket and Princes Street. Services operate every 8-10 minutes Monday to Saturday and every 12-15 minutes on a Sunday. The first tram departs at 0529 from York Place and 0615 from Edinburgh Airport. The last full route service from York Place is at 2308 and 2245 from Edinburgh Airport. The route from Edinburgh Airport to York Place is 14km (8.5 mile) long. The Council intends to award a contract for delivery of the service for an initial period from 31 May 2017 to 30 May 2020. Subject to satisfactory performance , potential future requirements and the agreement of the successful Contractor, the Council may wish to extend delivery of the contract for an additional period of up to two years.

Renewal: Subject to satisfactory performance , potential future requirements and the agreement of the successful Contractor, the Council may wish to extend delivery of the contract for an additional period of up to two years.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000485402
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY283895
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66515200 - Property insurance services

Notice Value(s)

Tender Value
£925,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 May 20178 years ago
Submission Deadline
3 Apr 2017Expired
Future Notice Date
Not specified
Award Date
19 May 20178 years ago
Contract Period
31 May 2017 - 30 May 2020 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE CITY OF EDINBURGH COUNCIL
Contact Name
Pauline Sutherland
Contact Email
pauline.sutherland@edinburgh.gov.uk
Contact Phone
+44 1314693543

Buyer Location

Locality
EDINBURGH
Postcode
EH8 8BG
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
UKM25 Edinburgh, City of

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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