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Provision of Insurance Services

APUC Limited

This public procurement record has 2 releases in its history.

Award

08 Nov 2019 at 00:00

OJEU - F3 - Contract Award Notice
Tender

14 Dec 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

APUC Limited is leading the procurement process for the "Provision of Insurance Services" framework agreement aimed at providing comprehensive insurance coverage for universities and colleges in Scotland. This open procedure tender, classified under the services category, is currently in the Award stage. The contract, valued at £7.5 million, was signed on 2nd May 2019, with a framework period starting on 1st August 2019 and concluding on 31st July 2022. Interested parties should note that the deadline for submissions was 15th February 2019. The buyer is located in Stirling, UK, and the procurement is relevant to the education sector.

This tender presents significant opportunities for businesses specialising in insurance services, particularly those providing a wide range of cover such as property damage, liability, and professional indemnity, to name a few. Suppliers equipped with the necessary regulatory approvals from the UK Prudential Regulation Authority or Financial Conduct Authority are well-suited to compete. Additionally, the contract encourages participation from both large scale providers like Zurich Municipal and small to medium enterprises (SMEs) such as CCRS Brokers Ltd and FE Protect Scotland, offering a robust platform for suppliers looking to expand their footprint in the public sector insurance market.

How relevant is this notice?

Notice Information

Notice Title

Provision of Insurance Services

Notice Description

The purpose of this Framework Agreement is to deliver an efficient route to market for the Institutions, by minimising the resource required to complete a compliant tendering exercise for the supply of insurance. This Framework Agreement will form the basis for Institutions to conduct further competition to select Contractors who can best provide the most economically advantageous tender for an Institution's specific requirement.

Lot Information

Lot 1

Universities and Colleges in Scotland wish to contract for Insurance Services. Categories of insurance cover to be bought through this Framework Agreement may include, but will not be limited to: Property Damage, All Risks, Goods in Transit, Contractor's All Risks, Business Interruption, Money, Employer's Liability, Public & Products Liability, Fidelity, Loss of Liquor License, Personal Accident & Travel, Computer, Hired-in Plant, Motor Plant, Marine Combined, Marine Craft, Professional Indemnity, Directors & Officers Liability, Pension Trustee Liability, Clinical Trials, Legal Expenses, Nursery Cover, Terrorism, Tenant's Improvements, Engineering Inspections, Engineering Insurance, Works of Art, Nuclear, Medical Malpractice, Employment Practices, Environmental Impairment, Halls of Residence, Travel Agency, Death in Service.

Renewal: The Framework Agreement will commence on the 1 August 2019 for a period of 3 years and expire on the 31 July 2022. The Authority reserves the right to extend the Framework Agreement for a further 1 year subject to satisfactory performance and continued Institutional requirements

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000566895
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV371603
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£10,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£7,500,000 £1M-£10M

Notice Dates

Publication Date
8 Nov 20196 years ago
Submission Deadline
15 Feb 2019Expired
Future Notice Date
Not specified
Award Date
2 May 20197 years ago
Contract Period
Not specified - Not specified
Recurrence
December 2022

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
APUC Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STIRLING
Postcode
FK8 2DZ
Postcode Area
Falkirk and Stirling
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM02 Perth and Kinross, and Stirling
Delivery Location
TLM Scotland
Local Authority
Stirling
Electoral Ward
Stirling East
Westminster Constituency
Stirling and Strathallan

Supplier Information

Number of Suppliers
3
Supplier Names

CCRS Brokers Ltd

FE Protect Scotland T/A Education Protect Scotland Limited

Zurich Municipal

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC340075
    Provision of Insurance Services - The purpose of this Framework Agreement is to deliver an efficient route to market for the Institutions, by minimising the resource required to complete a compliant tendering exercise for the supply of insurance. This Framework Agreement will form the basis for Institutions to conduct further competition to select Contractors who can best provide the most economically advantageous tender for an Institution's specific requirement.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV371603
    Provision of Insurance Services - The purpose of this Framework Agreement is to deliver an efficient route to market for the Institutions, by minimising the resource required to complete a compliant tendering exercise for the supply of insurance. This Framework Agreement will form the basis for Institutions to conduct further competition to select Contractors who can best provide the most economically advantageous tender for an Institution's specific requirement.

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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