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Insurance Contract - Property

Shetland Islands Council

This public procurement record has 2 releases in its history.

Award

15 Apr 2019 at 01:00

OJEU - F3 - Contract Award Notice
Tender

07 Dec 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Shetland Islands Council is seeking tenders for the "Insurance Contract - Property," aimed at providing Property Insurance for local authority buildings, including offices, schools, and depots in the Shetland Isles. The procurement method is a selective tendering process, adhering to a restricted procedure. The submission deadline is 14th January 2019, with the contract period beginning on 1st April 2019 and lasting three years, with potential for a two-year extension. The tender value is set at £500,000, and applicants should present their proposals via the Public Contracts Scotland web portal.

This contract presents a significant opportunity for businesses in the insurance sector, particularly those specialising in property coverage tailored for local authority needs. Insurers with proven experience in managing high value claims exceeding £5 million and who hold necessary accreditations from the Financial Conduct Authority (FCA) will be well-positioned to compete. Additionally, this tender encourages firms with strong financial backgrounds and relevant local authority experience to apply, enhancing their portfolio while contributing to local governance.

How relevant is this notice?

Notice Information

Notice Title

Insurance Contract - Property

Notice Description

The Contracting Authority requires Property Insurance for Local Authority buildings, including offices, schools, depots etc. and Property Owners cover.

Lot Information

Lot 1

The Contracting Authority is following a Restricted Procedure.

Renewal: Option to extend for a further two years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000565212
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR351784
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 20197 years ago
Submission Deadline
14 Jan 2019Expired
Future Notice Date
Not specified
Award Date
15 Apr 20197 years ago
Contract Period
1 Apr 2019 - 31 Mar 2022 3-4 years
Recurrence
Three years

Notice Status

Tender Status
Unsuccessful
Lots Status
Unsuccessful
Awards Status
Unsuccessful
Contracts Status
Not Specified

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

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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