Award

Provision for Terrorism insurance for buildings, contents, business interruption and fine art

UNIVERSITY OF GLASGOW

This public procurement record has 1 release in its history.

Award

30 Aug 2017 at 00:00

OJEU - F3 - Contract Award Notice
Summary of the contracting process

The University of Glasgow has awarded a contract for the provision of terrorism insurance covering buildings, contents, business interruption, and fine art, under the reference PPE REF 2907. This procurement was classified under the services category, taking place in Glasgow. The award was executed using a limited procurement method without prior publication of a call for competition, with the contract signed on 26 July 2017. It is important to note that the existing insurance cover needed to be in place by 1 August 2017, following a change in the university's insurance broker.

This contract presents an excellent opportunity for businesses that specialise in providing insurance services, particularly those with expertise in terrorism risk management. Companies with a track record in the insurance sector, particularly those that have previously partnered with higher education institutions or have relevant experience with similar coverage types, would be well positioned to compete. Additionally, the University plans to issue a new tender for this service in 2018, offering further opportunities for interested bidders.

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Notice Information

Notice Title

Provision for Terrorism insurance for buildings, contents, business interruption and fine art

Notice Description

PPE REF 2907 Provision for Terrorism insurance for buildings, contents, business interruption and fine art. Procurement Policy Exception Form completed

Lot Information

Lot 1

PPE REF 2907 Provision for Terrorism insurance for buildings, contents, business interruption and fine art. There was a tender exercise for Terrorism insurance in 2015 which included terrorism cover for the above aspects. The cover was to be made available via a terrorism facility provided by the University's broker at the time (Aon) with Catlin as the lead insurer but they stopped participating in the Aon facility. This has meant that the only terrorism insurance they could provide was via the Government scheme (Pool Re} and would not be at the competitive rates that had been put forward as part of their original tender. The University subsequently changed broker (from Aon to AJ Gallagher) in October 2016 and so no longer have access to the terrorism facility provided by Aon. However, the new broker also has a terrorism facility and it is proposed that the University's uses this route to acquire the cover that needs to be in place on 1st August 2017. The lead insurer through the AJ Gallagher facility would be Chaucer. The intention would be to put the terrorism cover out to tender again next year (2018). Procurement Policy Exception Form completed.

Procurement Information

PPE REF 2907 Provision for Terrorism insurance for buildings, contents, business interruption and fine art. There was a tender exercise for Terrorism insurance in 2015 which included terrorism cover for the above aspects. The cover was to be made available via a terrorism facility provided by the University's broker at the time (Aon) with Catlin as the lead insurer but they stopped participating in the Aon facility. This has meant that the only terrorism insurance they could provide was via the Government scheme (Pool Re} and would not be at the competitive rates that had been put forward as part of their original tender. The University subsequently changed broker (from Aon to AJ Gallagher) in October 2016 and so no longer have access to the terrorism facility provided by Aon. However, the new broker also has a terrorism facility and it is proposed that the University's uses this route to acquire the cover that needs to be in place on 1st August 2017. The lead insurer through the AJ Gallagher facility would be Chaucer. The intention would be to put the terrorism cover out to tender again next year (2018).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000509927
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG293990
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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
30 Aug 20178 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 Jul 20178 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF GLASGOW
Contact Name
Not specified
Contact Email
hannah.bond@glasgow.ac.uk
Contact Phone
+44 1413305476

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Further Information

Notice Documents

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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