Tender

Provision of Terrorism Insurance

EAST RENFREWSHIRE COUNCIL

This public procurement record has 1 release in its history.

Tender

01 Mar 2018 at 00:00

Summary of the contracting process

The East Renfrewshire Council is inviting tenders for the "Provision of Terrorism Insurance," with a total contract value of £118,000 GBP over 48 months, followed by a possible extension of up to 12 months. This open procurement process is currently in the tender stage, with submissions due by 16 March 2018. The contract is classified under general public services and falls within the services industry category. Interested parties can submit their bids electronically via the specified portal, and must comply with various selection criteria, including financial standing and insurance requirements.

This tender offers a substantial opportunity for businesses within the insurance sector, particularly those specialising in terrorism risk coverage or general liability insurance. Companies with a robust financial standing and relevant insurance accreditations, such as membership in the Association of British Insurance or the Financial Conduct Authority, will find themselves well-placed to compete. Successful bidders will not only secure a contract with East Renfrewshire Council but will also contribute to community benefits aimed at enhancing local economic and social objectives.

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Notice Title

Provision of Terrorism Insurance

Notice Description

Provision of Terrorism Insurance for East Renfrewshire Council.

Lot Information

Lot 1

Provision of Terrorism Insurance

Renewal: The contract will run for a period of 48 months with a further option to extend for up to 12 months at the sole discretion of the Council.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000533212
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR311930
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
PCS Notice - Website Contract 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
£118,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Mar 20187 years ago
Submission Deadline
16 Mar 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
After the 48 months expiration date, we may take up the option to extend for up to a further 12 months. Thereafter this opportunity will be advertised again.

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
EAST RENFREWSHIRE COUNCIL
Contact Name
Not specified
Contact Email
mary.harvey-welsh@eastrenfrewshire.gov.uk
Contact Phone
+44 1415778591

Buyer Location

Locality
GIFFNOCK
Postcode
G46 6UG
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire

Local Authority
East Renfrewshire
Electoral Ward
Giffnock and Thornliebank
Westminster Constituency
East Renfrewshire

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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    "description": "Financial Standing To establish the financial standing of a potential Tenderer, the Council will take into account a risk report provided independently by Credit Safe. Within such reports, the risk of business failure is expressed as a score of 30 or below (high risk of business failure). In the event that a company is determined to have a risk failure rating of 30 and below i.e. that the company is considered to have a high risk of business failure, the submission will not be considered further. For the avoidance of doubt, the Council will request a report from Credit Safe following the closing date for the receipt of the Tenders to ensure that the most up to date information is used. Where you are not register on credit safe e.g. charitable organisations or new start companies/ Sole Traders with less than 3 years trading history, discretionary powers are available to the Director of Finance to consider abbreviated accounts along with bankers references etc. Tenderers should be aware that any outstanding County Court Judgements will have a detrimental effect on the rating held by Credit Safe and it is your responsibility to ensure that the information held by Credit Safe is accurate and up to date - failure to do so will result in rejection of your submission. Insurance Requirements ERC require the following insurance levels to be held; Employers Liability Insurance held. Minimum level of cover 5m GBP Public & Product Liability Insurance held. Minimum level of cover 5m GBP. Professional Indemnity Insurance - Minimum level of Cover 1m GBH Where an Applicant does not have adequate cover, and in order to remain in the exercise, confirmation must be received that the level of cover will be increased. It will be a condition of award of contract that the level of Insurance is increased to the minimum stated and maintained throughout the period of the contract. If you respond to this opportunity it will be taken that you have read and agree to all information contained within the Tender Information Pack. If at a later point you advise you cannot comply the Council reserves the right to remove you from the contract. Tender Pack can be found Suppliers General Attachment area PCS-Tender portal. The contract value for 48 month period is estimated at 118000 GBP however should the option to extend for up to a further 12 month period. The estimated contract value at 147500 GBP. The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 10318. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343 The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 10318. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343 Community benefits are included in this requirement. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2361 A summary of the expected community benefits has been provided as follows: Community benefits are included in this requirement. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2361 A summary of the expected community benefits has been provided as follows: A summary of the expected community benefits has been provided as follows: bidders responding to this opportunity will be required to confirm their compliance with the following in order for their bid to be considered further. Should you advise that you are unwilling to confirm compliance your bid will be removed from this exercise without further consultation. ERC is committed to maximising community benefits from contracts Under this contract the successful Contractor will be requested to support ERC economic, environmental and social regeneration objectives to achieve benefits for our identified beneficiary hierarchy. Based on the value and term of contract being offered the Council expects you to meet a minimum of 10 Community Benefits points. (SC Ref:533212)",
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