Award

Insurance Renewals 2019

STRATHCLYDE PARTNERSHIP FOR TRANSPORT

This public procurement record has 1 release in its history.

Summary of the contracting process

The Strathclyde Partnership for Transport has successfully completed a tender process for "Insurance Renewals 2019," aimed at securing insurance services within the transport industry. Based in Glasgow, this procurement was conducted under an open procedure, with various lots encompassing multiple insurance services such as Public/Product Liability and Employers Liability. The contract was awarded on 10 May 2019, with relevant services delivered to the Glasgow area. The procurement falls under the category of services and is linked to the Crown Commercial Services framework RM3731.

This tender presents substantial opportunities for businesses specialising in insurance services, particularly those experienced in public and product liability insurance, employers' liability, and similar areas. Firms that have the capacity to manage significant insurance portfolios and can cater to large public sector requirements will find this procurement particularly beneficial. With renowned suppliers such as QBE Insurance Company and AIG Europe Ltd successfully awarded contracts, it signifies a competitive landscape where well-established and capable insurance providers could expand their presence and potential revenue within this market.

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Notice Title

Insurance Renewals 2019

Notice Description

Insurance for various services

Lot Information

1b Public/Product Liability 2nd Excess layer gbp50M/50M

This the award of insurance services for Public/Product Liability 2nd Excess layer GBP50M/GBP50M

1c Public/Product Liability 3rd Excess Layer GBP55MGBP100M

Award of insurance services for Public/Product Liability 3rd Excess Layer GBP55M/GBP100M

2 Employers Liability Excess Liability GBP25M/GBP25M

Insurance services for Employers Liability Excess Liability GBP25M/GBP25M

Directors and Officers Indemnity

Insurance services for Directors and Officers Indemnity

4 Motor Fleet

Insurance services for motor fleet

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000586651
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN356936
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£88,228 Under £100K

Notice Dates

Publication Date
12 Jun 20196 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 May 20196 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
STRATHCLYDE PARTNERSHIP FOR TRANSPORT
Contact Name
Not specified
Contact Email
procurement@spt.co.uk
Contact Phone
+44 1413333786

Buyer Location

Locality
GLASGOW
Postcode
G2 5JF
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
4
Supplier Names

AIG EUROPE

QBE INSURNACE

RISK MANAGEMENT PARTNERS

RSA

Open Contracting Data Standard (OCDS)

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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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