Award

Insurance Provision - Modification

CLYDESDALE HOUSING ASSOCIATION LTD

This public procurement record has 2 releases in its history.

Summary of the contracting process

The Clydesdale Housing Association Ltd announced the modification of its existing Insurance Provision contract, initially set to end on 31 March 2024, extended to 31 March 2026. This decision, essential for meeting statutory regulatory requirements as a Registered Social Landlord, was formally recorded in an update on 5 November 2024. The procurement process for this extension followed a limited procedure, awarded without prior publication of a call for competition. The awarded contract, valued at £238,866 and classified under "Housing and community amenities," services the Lanark region (UKM95) and falls under the procurement legally grounded by Regulation 72 (1) (c) due to unforeseen circumstances impacting the insurance marketplace.

Business opportunities arising from this tender include potential engagement in a forthcoming procurement process slated to start in Q3 2025, with the aim of securing a new Insurance Provision contract effective from 1 April 2026. Firms in the insurance sector, particularly those experienced in healthcare or community amenities, could benefit significantly from this opportunity. Companies specialising in such insurance services for social housing and adept at navigating a rapidly evolving market would be well-suited for this tender.

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Notice Title

Insurance Provision - Modification

Notice Description

This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Clydesdale Housing Association (CHA) could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.

Lot Information

Lot 1

Clydesdale Housing Association (CHA) intends to extend the existing Insurance Provision contract due to end 31 March 2024 to the 31 March 2026 with Marsh Ltd who are the current insurance service Broker/provider.

Procurement Information

This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Clydesdale Housing Association (CHA) could not have foreseen". Clydesdale Housing Association (CHA) intends to extend the existing Insurance Provision contract due to end 31 March 2024 to the 31 March 2026 with Marsh Ltd who are the current insurance service Broker/provider. This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL's relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements. The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector over the last 6 months, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during the first quarter of 2023. CHA intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2025 Q3 with a target effective date contract date of 1st April 2026.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000728571
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV517611
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
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
£238,866 £100K-£500K

Notice Dates

Publication Date
5 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Apr 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
CLYDESDALE HOUSING ASSOCIATION LTD
Contact Name
Not specified
Contact Email
eileen.wilson@clydesdale-housing.org.uk
Contact Phone
+44 1555665316

Buyer Location

Locality
LANARK
Postcode
ML11 7PT
Post Town
Motherwell
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
TLM81 East Dunbartonshire, West Dunbartonshire, and Helensburgh and Lomond

Local Authority
South Lanarkshire
Electoral Ward
Clydesdale North
Westminster Constituency
Hamilton and Clyde Valley

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR475763
    Insurance Provision - Modification - This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Clydesdale Housing Association (CHA) could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV517611
    Insurance Provision - Modification - This Voluntary Ex-Ante Transparency (VEAT) relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Clydesdale Housing Association (CHA) could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.

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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