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PURCH2073 PROVISION OF FINE ART INSURANCE

University of Glasgow

This public procurement record has 2 releases in its history.

Award

31 Aug 2022 at 01:00

OJEU - F3 - Contract Award Notice
Tender

06 May 2022 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The University of Glasgow has completed the award for the provision of fine art insurance under the title PURCH2073. The tender process was initiated on 31st August 2022, with AXA XL being the supplier. This tender falls under the services category and was conducted using an open procedure. The University's procurement office, located in Glasgow, UK, oversaw the process. The contract, valued at GBP 955,100.0, was signed on 15th July 2022. The procurement stage has reached the award phase, creating opportunities for businesses to provide fine art insurance services in Glasgow.

The University's requirement for fine art insurance presents an opportunity for businesses, particularly SMEs in the insurance industry, to compete. The procurement process emphasizes a balance of technical service support (15%) and price (40%) in the award criteria. The submission deadline was set for 17th June 2022, with electronic submissions being the preferred method. The University of Glasgow's strong commitment to community benefits also invites bids from companies with aligned policies. With a contract period of 1,800 days and the potential for renewal, this opportunity is suitable for businesses looking for a long-term partnership in providing fine art insurance services to a prestigious educational institution.

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Notice Information

Notice Title

PURCH2073 PROVISION OF FINE ART INSURANCE

Notice Description

AWARD OF PURCH2073 PROVISION OF FINE ART INSURANCE

Lot Information

Lot 1

AWARD OF PURCH2073 PROVISION OF FINE ART INSURANCE

Renewal: Period of 3 years with the option to extend for 2 x 12 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000692491
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG457788
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - 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

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£955,100 £500K-£1M

Notice Dates

Publication Date
31 Aug 20223 years ago
Submission Deadline
17 Jun 2022Expired
Future Notice Date
Not specified
Award Date
15 Jul 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
This service will be re-tendered in 5 years.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Glasgow
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
G12 8QQ
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
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

AXA XL

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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