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Insurance for Edinburgh Trams Ltd

The City of Edinburgh Council

This public procurement record has 2 releases in its history.

Award

10 May 2018 at 01:00

OJEU - F3 - Contract Award Notice
Tender

17 Jan 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The City of Edinburgh Council is seeking tenders for an insurance contract for Edinburgh Trams Ltd, with a tender titled "Insurance for Edinburgh Trams Ltd." This procurement falls under the services category and is located in Edinburgh, UK. The procurement method is an open procedure, and key dates include the submission deadline on 19th February 2018, with notifications commencing on that date as well. The award process is currently active, having been initiated on 17th April 2018, with contracts already signed.

This tender presents a significant opportunity for insurance providers looking to expand their business with local government contracts. Companies specialising in public liability, motor fleet liability, and related insurance services would be well-suited to compete, particularly those that meet the required financial thresholds and exhibit experience in delivering similar contracts. The successful bidder will have a chance to secure a long-term agreement lasting up to five years, including options for extension, thereby fostering sustainable growth within the local market.

How relevant is this notice?

Notice Information

Notice Title

Insurance for Edinburgh Trams Ltd

Notice Description

Edinburgh Trams Ltd (ETL) currently insures the primary layer with a 10,000,000 GBP limit of indemnity. The policy has a 10,000 GBP deductible in respect of third-party property damage and 100,000 GBP in respect of third-party injury to pedal cyclists moped and motorcycle riders (applied wef 31/5/16). Since the commencement of the current long-term agreement there has only been 6 third-party property sub-deductible claims. Following the application of the specific third-party injury deductible there has been seventeen sub-deductible claims all of which have been successfully repudiated.

Lot Information

Lot 1

Edinburgh Trams Ltd (ETL) is wholly owned by the City of Edinburgh Council and is operated as an arms-length company. It requires to protect it liabilities by means of a suitable insurance programme comprising Public and Products Liability and Motor Fleet Third Party Liability covers. ETL currently insures the primary layer with a 10,000,000 GBP limit of indemnity. The policy has a 10,000 GBP deductible in respect of third-party property damage and 100,000 GBP in respect of third-party injury to pedal cyclists moped and motorcycle riders (applied wef 31/5/16). Since the commencement of the current long-term agreement there has only been 6 third-party property sub-deductible claims. Following the application of the specific third-party injury deductible there has been seventeen sub-deductible claims all of which have been successfully repudiated. It is intended to agree a new long-term agreement with the successful tenderer(s) for a period of three years with two one-year discretionary extensions.. See tender documentation

Renewal: Optional extension(s) up to 24 months, undertaken at the sole discretion of the Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000525750
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY318971
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

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 May 20188 years ago
Submission Deadline
19 Feb 2018Expired
Future Notice Date
Not specified
Award Date
17 Apr 20188 years ago
Contract Period
Not specified - Not specified
Recurrence
28 months> depending on extension options.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The City of Edinburgh 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
EDINBURGH
Postcode
EH8 8BG
Postcode Area
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
TLM75 City of Edinburgh
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

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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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