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Insurance Buildings and Business Interruption and Assoc Policies

University Of Edinburgh

This public procurement record has 1 release in its history.

Award

06 Sep 2022 at 01:00

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

The University of Edinburgh awarded the contract for "Insurance Buildings and Business Interruption and Assoc Policies" to Arthur J Gallagher Ltd in a procurement process that was completed on 31st July 2022. The procurement method used was a limited procedure without prior publication of a call for competition. The contract, valued at £7,200,000 GBP, was awarded under extreme urgency circumstances due to the unexpected withdrawal of the incumbent supplier. The University sought coverage from multiple insurers and underwriters to meet its requirements, leading to a negotiation approach facilitated by the University's broker, AJ Gallagher.

This tender by the University of Edinburgh presents business opportunities for insurance providers with experience in providing complex and layered coverage. Suppliers capable of offering insurance solutions across various risk areas, such as buildings, business interruption, contract works, stock deterioration, and computer equipment, are well-suited to compete. Businesses with expertise in handling large-scale contracts and responding to urgent procurement needs can benefit from engaging with the University's procurement process for the Insurance Buildings and Business Interruption policies.

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Notice Information

Notice Title

Insurance Buildings and Business Interruption and Assoc Policies

Notice Description

Insurance Buildings and Business Interruption and Assoc Policies

Lot Information

Lot 1

Buildings and Business Interruption Insurance and Associated Policies Contract Works, Deterioration of Stock, Computer Equipment, Money

Options: Potential to extend, not exceeding any legal restrictions.

Procurement Information

Please see additional information section for full explanation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000705789
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP458263
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
£7,200,000 £1M-£10M

Notice Dates

Publication Date
6 Sep 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Jul 20224 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
EH1 1HT
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
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J Gallagher 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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