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Scottish Canals Insurance Services - Contract Extension

Scottish Canals

This public procurement record has 1 release in its history.

AwardUpdate

01 Apr 2022 at 01:00

OJEU - F20 - Modification Notice
Summary of the contracting process

The Scottish Canals is extending its current contract for Insurance Services, encompassing various types of group insurance policies, for an additional 12 months. This procurement process is currently in the Award stage, with a contract value of £1,883,994 GBP and is due to be completed within a period of 360 days starting from the signing date on 31 March 2022. The services are primarily classified within the CPV code 66510000 and are being procured from suppliers located in Glasgow, UK, and surrounding areas.

This tender presents significant opportunities for businesses involved in insurance and risk management sectors, particularly those that specialise in commercial combined insurance, professional indemnity, and fleet coverage. Companies that can effectively showcase their capacity to conduct comprehensive risk assessments and respond to market volatility will be particularly well-suited to compete for this contract. The extension allows for further preparation and strategic positioning ahead of a new tendering process planned for late 2022 or early 2023, which could open doors for new entrants in the insurance market.

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Notice Information

Notice Title

Scottish Canals Insurance Services - Contract Extension

Notice Description

Lot Information

Lot 1

Scottish Canals are looking to extend their current contract for group insurance insurance policies by 12 months: COMMERCIAL COMBINED COMBINED LIABILITIES MANAGEMENT LIABILITY PROFESSIONAL INDEMNITY MOTOR FLEET PROPERTY OWNERS PROPERTY OWNERS LIABILITY ENGINEERING INSPECTION MARINE / SHIP HULL EXCESS LIABILITY

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000688887
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR444957
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F20 - Modification Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
£1,883,994 £1M-£10M

Notice Dates

Publication Date
1 Apr 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Canals
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 9SP
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
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Canal
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
4
Supplier Names

American International Group UK Limited

Inspection Network Limited

RSA Insurance Group Ltd

Travelers Insurance Company Ltd

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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