Award

Provision of Ship Builders Risk Insurance

FERGUSON MARINE (PORT GLASGOW) LTD

This public procurement record has 1 release in its history.

Award

28 Sep 2020 at 00:00

Summary of the contracting process

The procurement process involves Ferguson Marine (Port Glasgow) Ltd, which is seeking to secure Ship Builders Risk Insurance for vessels 801 and 802. This procurement falls under the services category and is primarily located in Port Glasgow, UK. The contracting authority has employed a limited procurement method, which is an award procedure without prior publication of a call for competition. The tender was completed on 12 June 2020, resulting in the awarding of the contract to Aon UK Limited for a total value of £1,250,000.

This tender creates significant opportunities for businesses in the insurance sector, particularly those specialising in marine and construction insurance. Companies that can offer comprehensive risk assessment and insurance solutions for shipbuilding projects will be well-positioned to compete. Given the urgent nature of this procurement, businesses with the ability to quickly mobilise and provide tailored insurance products in response to unforeseen circumstances will have a distinct advantage.

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Notice Title

Provision of Ship Builders Risk Insurance

Notice Description

The provision of ship building risk insurance services for vessels 801 & 802.

Lot Information

Lot 1

The provision of ship builders risk insurance for vessels 801 & 802.

Procurement Information

Ferguson Marine (Port Glasgow) is required to maintain insurance to protect against hull construction risks, and insurance for an extended time period is required. Ferguson Marine could not have foreseen a combination of events whereby there was a significant change in the marine insurance sector at a time that the additional cover was required by the business, resulting in a position where the business had an urgent requirement to seek alternative cover with insufficient time for a full competitive process, given the amount of time it would have taken to provide full and comprehensive information to potential insurers, fulfilling the requirement to "make a fair presentation of the risk", as is required by the Insurance Act 2015.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000631363
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395727
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

66514150 - Vessel insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,250,000 £1M-£10M

Notice Dates

Publication Date
28 Sep 20205 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Jun 20205 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
FERGUSON MARINE (PORT GLASGOW) LTD
Contact Name
David Wardleworth
Contact Email
david.wardleworth@fergusonmarine.com
Contact Phone
+44 1475742300

Buyer Location

Locality
PORT GLASGOW
Postcode
PA14 5NG
Post Town
Paisley
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire

Local Authority
Inverclyde
Electoral Ward
Inverclyde East Central
Westminster Constituency
Inverclyde and Renfrewshire West

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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