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Buildings Insurance including Loss of Rent/Alternative Accomodation and Property Owners Liability

Molendinar Park HA c/o Bruce Stevenson Insurance Brokers Ltd

This public procurement record has 2 releases in its history.

Award

01 Apr 2020 at 01:00

OJEU - F3 - Contract Award Notice
Tender

13 Dec 2019 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The procurement process is led by Molendinar Park HA, in collaboration with Bruce Stevenson Insurance Brokers Ltd, focusing on the provision of "Buildings Insurance including Loss of Rent/Alternative Accommodation and Property Owners Liability." This contract falls within the housing and community amenities sector and is located in Glasgow, UK. The procurement method used is an open procedure, with key dates including a bid opening on 20 January 2020 and a contract signing that took place on 31 March 2020. The current stage of the procurement process is complete, with the awarded contract valued at £51,000.

This tender presents significant opportunities for growth in the insurance sector, particularly for companies that provide insurance underwriting services. Firms that are well-positioned to compete include insurance companies, Lloyds of London Syndicates, and Managing General Agents, provided they meet the required A rating by Standard & Poors or a similar rating agency. The inclusion of options for different excess models allows for flexibility, which can appeal to a range of prospective bidders who specialise in material damage and liability insurance.

How relevant is this notice?

Notice Information

Notice Title

Buildings Insurance including Loss of Rent/Alternative Accomodation and Property Owners Liability

Notice Description

Buildings Insurance including Loss of Rent/Alternative Accommodation and Property Owners Liability

Lot Information

Lot 1

Material Damage/Buildings Insurance including Loss of Rent/Alternative Accommodation and Property Owners Liability. Excludes Insurance Broking services

Options: NGHA will consider options for different excess models. For example, a 500 GBP Escape of Water excess and 100 GBP excess all other perils.

Renewal: 1 x 12 months, 2 x 12 months, 1 x 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000607897
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR384742
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£51,000 Under £100K

Notice Dates

Publication Date
1 Apr 20206 years ago
Submission Deadline
20 Jan 2020Expired
Future Notice Date
Not specified
Award Date
31 Mar 20206 years ago
Contract Period
Not specified - Not specified
Recurrence
36 months subject to extension options

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Molendinar Park HA c/o Bruce Stevenson Insurance Brokers Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G4 9JT
Postcode Area
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
1
Supplier Name

Ocaso SA

Further Information

Notice Documents

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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