Award

Insurance Cover

JOBS & BUSINESS GLASGOW

This public procurement record has 3 releases in its history.

Award

23 Oct 2024 at 00:00

Award

23 Oct 2024 at 00:00

Tender

23 Jul 2024 at 00:00

Summary of the contracting process

Jobs & Business Glasgow (JBG) has successfully completed a procurement process titled "Insurance Cover" under the industry category of Economic Development. The process utilised a competitive procedure with negotiation and was managed under the procurement method "selective". This tender, focused on providing comprehensive insurance services for JBG and its subsidiary companies, spans a variety of insurance areas including Property Owners, Management Liability, Professional Indemnity, Combined Liability, and Engineering Inspection. Key contracts were signed on 30 September 2024 with notable insurers like Aviva Insurance Ltd, AXA Insurance, Arch Insurance, and Zurich Insurance PLC. The contract period runs from 1 October 2024 to 30 September 2025, with options for a 12-month extension. The procurement stage is now at 'Award', following the completion of earlier tender processes.

This tender presents significant opportunities for businesses, particularly those operating within the insurance sector. Various lots were available for bidding, making it suitable for large-scale insurers and those with niche insurance capabilities. The competitive procedure with negotiation indicates rigorous selection criteria focusing on quality and price, with evaluation placed on proven regulatory compliance and strong financial stability. This engagement offers businesses the chance to establish long-term relationships with a public body committed to economic development and community support in Glasgow, fostering potential business growth and diversification within the regulated insurance market.

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Notice Title

Insurance Cover

Notice Description

Jobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered.

Lot Information

Property Owners

As stated in the procurement documents.. Please see the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Combined Liability

As stated in the Procurement Documents.. As stated in the procurement documents.

Renewal: Option to extend for up to 12 months.

Management Liability

As stated in the Procurement Documents.. As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Engineering Inspection

As stated in the Procurement Documents.. As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Professional Indemnity

As stated in the Procurement Documents.. As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000773109
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT516819
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£64,309 Under £100K

Notice Dates

Publication Date
23 Oct 20241 years ago
Submission Deadline
23 Aug 2024Expired
Future Notice Date
Not specified
Award Date
30 Sep 20241 years ago
Contract Period
1 Oct 2024 - 30 Sep 2025 6-12 months
Recurrence
Approximately 3-4 months before the end of this contract (including any applicable extension).

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Unsuccessful
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
JOBS & BUSINESS GLASGOW
Contact Name
JBG Procurement Team
Contact Email
procurement@jbg.org.uk
Contact Phone
+44 3001232898

Buyer Location

Locality
GLASGOW
Postcode
G4 0UW
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Calton
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
4
Supplier Names

ARCH INSURANCE

AVIVA INSURANCE

AXA INSURANCE

ZURICH INSURANCE PLC TRADING AS ZURICH MUNICIPAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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