Award

Public Liability Insurance

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

The procurement process for the contract involves Highlands and Islands Enterprise as the buying organisation. The title of the contract is "Public Liability Insurance" falling under the services main procurement category. It is in the industry category of Economic Affairs. The procurement stage is completed using a limited procurement method without prior publication of a call for competition. The contract covers the period from 1 April 2024 to 31 October 2024 with a total value of 53,177.76 GBP. The location for this contract is in Inverness, UKM6. The contract was awarded on 11th March 2024.

This tender for Public Liability Insurance by Highlands and Islands Enterprise offers opportunities for insurance companies or brokers. Businesses providing insurance services can compete for this contract, which involves an extension of an existing contract to realign insurance programmes. The procurement method, an award procedure without prior publication of a call for competition, creates a chance for service providers to engage in a transparent process. The extension aims to attract the marketplace with an aligned renewal date, and future renewals will be handled by the insurance broker.

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Notice Title

Public Liability Insurance

Notice Description

The contract is for the provision of public liability insurance, 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 public liability insurance, 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 will be procured via our broker.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000761367
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR503848
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

66516000 - Liability insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£53,177 Under £100K

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
TLM Scotland

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

Supplier Information

Number of Suppliers
1
Supplier Name

QBE EO

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR503848
    Public Liability Insurance - The contract is for the provision of public liability insurance, 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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