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Travel Insurance

University Of Edinburgh

This public procurement record has 1 release in its history.

Award

06 Aug 2020 at 01:00

OJEU - F3 - Contract Award Notice
Summary of the contracting process

The University of Edinburgh has completed the procurement process for a Travel Insurance contract, which provides travel insurance services for university business travel. This limited tender method was employed due to the extreme urgency brought about by the unforeseen Covid-19 lockdown, which did not allow for a full competitive tender. The procurement was initiated on 31st July 2020, concluding a brief selection period, during which Allianz Insurance Plc was awarded the contract valued at £1,050,000. The successful contract covers a three-year travel insurance policy for staff and students, with service deliverables in the Edinburgh region.

This tender presents an excellent opportunity for businesses specialising in insurance services, particularly those capable of offering tailored travel policies that include comprehensive Covid-related coverage. Companies with a strong background in providing insurance for the education sector or for business travel are well-positioned to participate in similar future contracts. The limited procurement method indicates a growing need for agile suppliers who can respond swiftly to urgent requirements, thereby fostering business growth for those who can meet the specific needs outlined by the University of Edinburgh.

How relevant is this notice?

Notice Information

Notice Title

Travel Insurance

Notice Description

Travel Insurance Services for University Business Travel

Lot Information

Lot 1

Travel insurance policy LTA 3 years, to cover staff and students travelling for business or degree related purposes.

Procurement Information

The start of Covid lockdown prevented the University having the time/resources to undertake a full competitive tender process. However, the market was approached less formally via the University's broker to ascertain which insurers could meet our need at the most competitive price. Allianz constituted the best overall value for money. There was fair and transparent selection, but it was not done in a formal process due to the short time before the old policy expired.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000627493
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG392176
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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
£1,050,000 £1M-£10M

Notice Dates

Publication Date
6 Aug 20206 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20206 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University Of Edinburgh
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH4 2XR
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
Inverleith
Westminster Constituency
Edinburgh West

Supplier Information

Number of Suppliers
1
Supplier Name

Allianz Insurance Plc

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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