Award

Property Owners Liability Insurance - Arnish

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

The Highlands and Islands Enterprise, based in Inverness, UK, has completed the procurement process for Property Owners Liability Insurance - Arnish. This tender falls under the "services" category and was carried out using a limited procurement method without prior publication of a call for competition. The contract value is £114,207.11, and it covers the period from 1 April 2024 to 31 October 2024. The procurement stage was at the award phase, with the contract being signed on 11th March 2024.

This tender presents an opportunity for businesses in the insurance sector, especially those dealing with property owners insurance. Businesses experienced in providing insurance services and able to operate within the specified timeline will be well-suited to compete for this contract extension. The procurement method chosen suggests a strategic decision aligned with professional advice to enhance the market attractiveness of the tender. By focusing on the deadline of 1 November 2024 for the new insurance provisions, this tender opens doors for insurance service providers looking to expand their portfolios and engage with public procurement opportunities.

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Notice Title

Property Owners Liability Insurance - Arnish

Notice Description

The contract is for the provision of property owners insurance for Arnish, covering the period from 1 April 2024 to 31 October 2024. This is considered a 7-month extension of the current insurance. The reason for the extension is to enable HIE to re-align all of our main insurances to a new, 1 November renewal date. The total value stated in this contract award notice is the total of the extension and the 2023/24 insurance premium, including IPT. We are publishing this contract award notice to be transparent about the aggregated value. Our insurance broker will procure the insurance services from 1 November 2024.

Lot Information

Lot 1

The contract is for the provision of property owners insurance for Arnish, covering the period from 1 April 2024 to 31 October 2024.

Options: changes related to the insured assets result in higher premium

Procurement Information

Following the advice of our broker, this notice relates to an extension of an existing contract, the value reflects the original contract and the extension value. The extension is being actioned to enable us to align our insurance programme to a 1 November renewal date, as the broker advises this may be more attractive to the marketplace. Our future renewals we will be procured via our broker.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000761241
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR503849
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website 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

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£114,207 £100K-£500K

Notice Dates

Publication Date
25 Apr 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 Mar 20241 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
HIGHLANDS AND ISLANDS ENTERPRISE
Contact Name
Not specified
Contact Email
hieprocurement@hient.co.uk
Contact Phone
+44 1463245245

Buyer Location

Locality
INVERNESS
Postcode
IV2 5NA
Post Town
Inverness
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM64 Na h-Eileanan Siar

Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

ALLIED WORLD ASSURANCE COMPANY (EUROPE) DAC

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR503849
    Property Owners Liability Insurance - Arnish - The contract is for the provision of property owners insurance for Arnish, covering the period from 1 April 2024 to 31 October 2024. This is considered a 7-month extension of the current insurance. The reason for the extension is to enable HIE to re-align all of our main insurances to a new, 1 November renewal date. The total value stated in this contract award notice is the total of the extension and the 2023/24 insurance premium, including IPT. We are publishing this contract award notice to be transparent about the aggregated value. Our insurance broker will procure the insurance services from 1 November 2024.

Open Contracting Data Standard (OCDS)

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