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Property Owners Liability Insurance

Highlands and Islands Enterprise

This public procurement record has 1 release in its history.

Award

11 Nov 2024 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

Highlands and Islands Enterprise, located at An Lòchran, 10 Inverness Campus in Inverness, has completed the tender process for a call-off contract regarding Property Owners Liability Insurance. This procurement, under the economic affairs category, was executed via the Crown Commercial Services (CCS) Insurance Services 3 (RM6138) Dynamic Purchasing System (DPS). The awarded contract, with a three-year duration starting from 1 November 2024 and an optional two-year extension, will be active until at least 31 October 2027. Allianz Insurance plc has been awarded this contract, valued at an estimated £844,445.84, with the contract signed on 31 October 2024. The tender followed an open procurement method and has now reached the award stage.

This tender presents significant business growth opportunities, especially for companies specialising in insurance services. Businesses with expertise in managing property owners' insurance portfolios, particularly at a large scale, will find this opportunity well-suited to their capacities. The procurement being executed through a Dynamic Purchasing System indicates a preference for innovative and flexible solutions adaptable to changes in property values, claims history, and other variables. This contract will appeal to organisations that are adept at navigating regulatory frameworks and can offer competitive terms that align with the economic requirements specified by Highlands and Islands Enterprise.

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Notice Information

Notice Title

Property Owners Liability Insurance

Notice Description

This is a call-off contract via the Crown Commercial Services (CCS) Insurance Services 3 (RM6138) Dynamic Purchasing System (DPS) for Property Owners Liability insurance. The policy commences on 1 November 2024 and expires on 31 October 2027, with the option to extend by 2 years until 31 October 2029 (3+2 year Long-Term Agreement).

Lot Information

Lot 1

POL insurance via the CCS Insurance Services 3 DPS.. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Options: contract value changes due to IPT; change in property portfolio; claims history affects premiums; changes in property values

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000779017
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518018
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£844,445 £500K-£1M

Notice Dates

Publication Date
11 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Oct 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Highlands and Islands Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
INVERNESS
Postcode
IV2 5NA
Postcode Area
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

Allianz Insurance plc

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518018
    Property Owners Liability Insurance - This is a call-off contract via the Crown Commercial Services (CCS) Insurance Services 3 (RM6138) Dynamic Purchasing System (DPS) for Property Owners Liability insurance. The policy commences on 1 November 2024 and expires on 31 October 2027, with the option to extend by 2 years until 31 October 2029 (3+2 year Long-Term Agreement).

Open Contracting Data Standard (OCDS)

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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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