Award

Property Insurance

SOUTH LANARKSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

10 May 2024 at 00:00

Summary of the contracting process

The South Lanarkshire Council has awarded a contract for Property Insurance. The Council sought financial protection for its property portfolio, covering elements such as material damage, business interruption, money, and computer-related risks. The procurement method used was a limited Award procedure without prior publication of a call for competition. The contract was awarded to Risk Management Partners, with a total value of £10,605,445.46. The contract was signed on 28th March 2024.

This tender for Property Insurance by the South Lanarkshire Council can create opportunities for large insurance companies and suppliers capable of providing comprehensive coverage. The procurement process has already reached the award stage, providing clarity for potential bidders. Businesses specialising in insurance services can consider similar upcoming opportunities with the Council, particularly when contracting through negotiated tendering procedures.

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Notice Title

Property Insurance

Notice Description

South Lanarkshire Council has a requirement to ensure that its property portfolio is protected against financial loss that could result from an insured peril leading to loss or damage to the property. The policy extends to cover the following elements: - Material damage (buildings and contents) - Business interruption - Money - Computer

Lot Information

Lot 1

A mini competition from RM6138 Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (DPS) was identified as a compliant route to market. The Invitation to Tender (ITT) for the Mini Competition was issued through Crown Commercial Service eSourcing on 14 September 2023 to 23 suppliers appointed to the DPS. The Council received no suitable bids therefore, a negotiated procedure was utilised. The award of this contract under the Negotiated Tendering Procedure can be justified under Standing Order 9.3.1 of the Council's Standing Orders on Contracts and Regulation 33(1) of The Public Contracts (Scotland) Regulations 2015 for the following reason:- - where as a result of the publication of a contract notice no suitable tenders has been received.

Procurement Information

A mini competition from RM6138 Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (DPS) was identified as a compliant route to market. The Invitation to Tender (ITT) for the Mini Competition was issued through Crown Commercial Service eSourcing on 14 September 2023 to 23 suppliers appointed to the DPS. The Council received no suitable bids therefore, a negotiated procedure was utilised. The award of this contract under the Negotiated Tendering Procedure can be justified under Standing Order 9.3.1 of the Council's Standing Orders on Contracts and Regulation 33(1) of The Public Contracts (Scotland) Regulations 2015 for the following reason:- - where as a result of the publication of a contract notice no suitable tenders has been received.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000766280
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY505028
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
£10,605,445 £10M-£100M

Notice Dates

Publication Date
10 May 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 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
SOUTH LANARKSHIRE COUNCIL
Contact Name
Linda Haggart
Contact Email
linda.haggart@southlanarkshire.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
HAMILTON
Postcode
ML3 0AA
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
TLM95 South Lanarkshire

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

Supplier Information

Number of Suppliers
1
Supplier Name

RISK MANAGEMENT PARTNERS

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY505028
    Property Insurance - South Lanarkshire Council has a requirement to ensure that its property portfolio is protected against financial loss that could result from an insured peril leading to loss or damage to the property. The policy extends to cover the following elements: - Material damage (buildings and contents) - Business interruption - Money - Computer

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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