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CT1280 - Insurance Services

The City of Edinburgh Council

This public procurement record has 2 releases in its history.

Award

12 Dec 2024 at 00:00

OJEU - F3 - Contract Award Notice
Tender

17 Sep 2024 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The City of Edinburgh Council is conducting a procurement process for insurance services, officially titled "CT1280 – Insurance Services." This tender falls under the "General public services" category within the regional location of Edinburgh (UKM75). The procurement process, initiated by the Council, is currently in the award stage following the completion of the tender stage. The key project delivery areas include Contractors Plant (both own and hired), Fine Arts (all risks cover on art exhibits), and Travel (School Journeys, Business Travel, and supported carers). Contracts were awarded to Risk Management Partners on the 29th of November, 2024, for these services, with an estimated total value of £243,633.55. The project followed an open procurement procedure to ensure fair competition and transparency.

This procurement creates significant opportunities for businesses, particularly in the insurance sector. Companies specializing in insurance services, especially those with experience in handling public sector contracts, would find this tender appealing. Given the scope of services required – from contractors’ insurance to fine arts and travel cover – businesses capable of providing comprehensive insurance solutions can find avenues for growth and market expansion. Additionally, small and medium-sized enterprises (SMEs), like Risk Management Partners, that meet the financial and operational criteria, are well-positioned to compete for such contracts, leveraging the requirement for a general annual turnover and specific insurance coverages needed to participate. This contract not only promises revenue but also enhances the portfolio of businesses by associating with a reputable public sector client.

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Notice Information

Notice Title

CT1280 - Insurance Services

Notice Description

The City of Edinburgh Council (the Council) is seeking a contract for the provision of insurance services. The Council requires insurance cover for the following: Contractors Plant (own plant and hired plant) Fine Arts (all risks cover on art exhibits) Travel (School Journeys, Business Travel and supported carers)

Lot Information

Fine Arts

The City of Edinburgh Council requires insurance cover for Fine Arts. This is to cover the following: All risks cover on art exhibits. All risks cover on art exhibitions and travelling gallery.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Contractors Plant (own plant and hired plant)

The City of Edinburgh Council requires insurance to cover Contractors Plant. This includes cover for the Council's own plant and hired plant.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Travel

The City of Edinburgh Council requires insurance cover for Travel. This includes School Journeys, Business Travel and Supported Carers.

Renewal: This Framework Agreement will run for a period of three years with the option to extend for a further two year and one year 11 month period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000777662
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC520084
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66514100 - Insurance related to Transport

Notice Value(s)

Tender Value
£608,156 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£243,632 £100K-£500K

Notice Dates

Publication Date
12 Dec 20241 years ago
Submission Deadline
18 Oct 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2024 - 31 Oct 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Active, Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The City of Edinburgh Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH8 8BG
Postcode Area
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

Risk Management Partners

Further Information

Notice Documents

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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