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Insurance Brokerage and Risk Advisory Services

Highlands and Islands Enterprise

This public procurement record has 2 releases in its history.

Award

06 Nov 2020 at 00:00

PCS Notice - Website Contract Award Notice
Tender

19 Jun 2020 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

Highlands and Islands Enterprise (HIE) has completed the procurement process for the "Insurance Brokerage and Risk Advisory Services" contract, primarily focusing on providing insurance solutions for their portfolio valued at GBP30 million across the Highlands and Islands region in Scotland. The contract was awarded to Arthur J. Gallagher on 6th November 2020, following an open procedure initiated on 19th June 2020. The services are scheduled to commence in October 2020, with an initial duration of three years and an option to extend for an additional year. The expected budget for this contract is between GBP40,000 and GBP60,000, excluding VAT, reflecting HIE's commitment to offering best value in public expenditure.

This opportunity presents a significant avenue for business growth, particularly for firms with expertise in insurance brokerage and risk management within the public sector and commercial property domains. Companies equipped with appropriate qualifications and experience are well-suited to engage in future tenders, particularly those familiar with the intricacies of public sector requirements and regulations in Scotland. HIE may consider re-tendering for these services when the current contract concludes, opening further avenues for potential suppliers interested in supporting HIE's property and operational insurance needs.

How relevant is this notice?

Notice Information

Notice Title

Insurance Brokerage and Risk Advisory Services

Notice Description

This is a Contract AWARD Notice and as such the procurement process is complete. HIE requires a suitably qualified and experienced broker to provide the requirements as detailed in the Scope of Requirements whilst offering best value in the expenditure of public funds. The broker should have demonstrable experience in dealing with both public sector and commercial property insurance. It is expected that these services will be required from October 2020 for an initial period of 3 years with HIE/WES/ORIC having the option to extend for a period or periods together not exceeding 1 calendar year following the initial term. The 3 year budget currently available to deliver this service is between GBP40,000 and GBP60,000 (excluding VAT).

Lot Information

Lot 1

HIE own a c. GBP30m portfolio of commercial and industrial properties spread across the Highlands and Islands, from small workshop units to prestigious office buildings such as Solasta House at Inverness Campus and Malin House, Dunstaffnage. The portfolio provides important business accommodation to c.85 occupiers to promote economic growth in the area and a provides an important revenue stream to HIE. There are also unique holdings, such as agricultural and forestry holdings at Orbost Estate, Isle of Skye; Cairngorm Mountain, which includes a funicular railway and ski infrastructure; and Arnish Port (where marine cover is required), along with HIE's operational offices. The objective of the contract is to provide insurance brokerage and risk advisory services to HIE, ORIC and WES in connection with their Buildings, Plant & Equipment, and other operational insurances that may be required.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 8 and 9 of the Procurement (Scotland) Regulations 2016.

Renewal: The Contract will be awarded for an initial period of 3 years with HIE having the option to extend for a period or periods together not exceeding 1 calendar year following the Initial Term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000623570
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV398980
Current Stage
Award
All Stages
Tender, 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

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
£80,000 Under £100K
Awards Value
Not specified
Contracts Value
£1,200 Under £100K

Notice Dates

Publication Date
6 Nov 20205 years ago
Submission Deadline
15 Jul 2020Expired
Future Notice Date
Not specified
Award Date
6 Nov 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
HIE reserves the right to re-tender for these services upon termination of the contract or at the end of the contract period, including any extension period.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Highlands and Islands Enterprise
Additional Buyers

Orkney Research and Innovation Campus

Wave Energy Scotland 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
INVERNESS
Postcode
IV2 5NA
Postcode Area
Inverness
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
TLM6 Highlands and Islands
Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J. Gallagher

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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