Award

Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art

UNIVERSITY OF GLASGOW

This public procurement record has 1 release in its history.

Summary of the contracting process

The University of Glasgow has completed a direct award for the provision of insurance services related to fine art, an initiative classified under the education sector. The award, titled "Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only", was made on 29 July 2020, with the total contract value amounting to £145,283. This procurement process was conducted using an open procedure, indicating broader competition access, and the services are to be delivered in Glasgow.

This contract presents a significant opportunity for insurance firms, particularly those specialising in fine art insurance, to engage with a prestigious educational institution. Given the absence of other bidders in the previous tender, there is a clear market potential for businesses offering innovative and tailored insurance services. Small and medium-sized enterprises (SMEs) with expertise in niche insurance solutions would be particularly well-suited to compete for future contracts in this domain, as the educational sector continues to require specialised services.

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Notice Title

Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art

Notice Description

Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art. The justification for the direct award is that we received zero bids on tender PURCH1801 Lot 12.

Lot Information

Lot 1

Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art. The justification for the direct award is that we received zero bids on tender PURCH1801 Lot 12.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000642320
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN405264
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£145,283 £100K-£500K

Notice Dates

Publication Date
28 Jan 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Jul 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
UNIVERSITY OF GLASGOW
Contact Name
Andrew Fitzpatrick
Contact Email
andrew.fitzpatrick@glasgow.ac.uk
Contact Phone
+44 1413305476

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
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
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

XL CATLIN INSURANCE

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN405264
    Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art - Direct Award for PURCH1801 For The Provision of Insurance Services (excluding Broker Services) - Lot 12 Only - Fine Art. The justification for the direct award is that we received zero bids on tender PURCH1801 Lot 12.

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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