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Insurance Contracts 2018

Shetland Islands Council

This public procurement record has 2 releases in its history.

Award

17 Jul 2018 at 01:00

PCS Notice - Website Contract Award Notice
Tender

14 Dec 2017 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The procurement process titled "Insurance Contracts 2018" was conducted by Shetland Islands Council, based in Lerwick, UK. This tender, initiated under a selective procurement method, sought insurance services including General Property Insurance, Vessels Hull & Machinery Insurance, and Protection & Indemnity Insurance. The tender period concluded on 8th January 2018, and the awards were finalised on 28th March 2018, with contracts now active. The contracts are stipulated to undergo a review under Scots law and are subject to the jurisdiction of the Scottish courts.

This tender presents significant opportunities for insurance providers, especially those capable of managing high-value claims exceeding £5 million. Firms with experience in public sector contracts or specialised in local authority insurance may thrive in this competitive environment. Additionally, companies that can demonstrate compliance with Financial Conduct Authority requirements will be well-positioned to participate in future tenders, further strengthening their market presence.

How relevant is this notice?

Notice Information

Notice Title

Insurance Contracts 2018

Notice Description

Shetland Islands Council requires Insurance for 1 - General Property, 2 - Vessels Hull & Machinery and 3 - Protection & Indemnity.

Lot Information

General Property Insurance

Insurance for Local Authority buildings including offices, schools, depots etc.

Vessels Hull and Machinery Insurance

Insurance for Inter Island Ferries, Tugs and Other Vessels.

Protection and Indemnity Insurance

Protection and Indemnity Insurance for the vessels owned and operated by the Local Authority.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000522045
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL325424
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

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

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£160,000 £100K-£500K

Notice Dates

Publication Date
17 Jul 20188 years ago
Submission Deadline
8 Jan 2018Expired
Future Notice Date
Not specified
Award Date
28 Mar 20188 years ago
Contract Period
1 Apr 2018 - 31 Mar 2019 6-12 months
Recurrence
December 2018

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Shetland Islands Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LERWICK
Postcode
ZE1 0HB
Postcode Area
Lerwick
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM66 Shetland Islands
Local Authority
Shetland Islands
Electoral Ward
Lerwick North and Bressay
Westminster Constituency
Orkney and Shetland

Supplier Information

Number of Suppliers
2
Supplier Names

QBE Insurance (Europe) Ltd

XL Insurance Company SE

Further Information

Notice Documents

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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