Award

Public Liability Insurance

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

Highlands and Islands Enterprise has awarded a contract titled "Public Liability Insurance" under the Crown Commercial Services (CCS) Insurance Services 3 (RM6138) Dynamic Purchasing System (DPS). The contract, categorised under "Economic affairs" in the industry category of services, is to provide public liability insurance. The policy commences on 1 November 2024 and will expire on 31 October 2027, with an optional extension of two years until 31 October 2029. The procurement stage was the award, and the procurement method was an open procedure. The total value of the contract is £347,146.80 GBP over a maximum duration of five years, and the contract was signed on 21 October 2024. This contract will primarily serve the region of UKM (Highlands and Islands in Scotland).

This tender presents significant opportunities for businesses specialising in insurance services, particularly those offering public liability coverage. Large insurance firms, like Risk Management Partners Ltd., which has been awarded this contract, are well-suited to compete due to the scale and specific service requirements. The potential for a long-term agreement (3+2 years) ensures sustained business and revenue, making it an ideal opportunity for companies looking to expand their market presence in the public sector, specifically under the CCS Insurance Services frameworks.

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Notice Title

Public 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 Public 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

PLI 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; claims history affects premiums; change in property portfolio; number of claims impacts claims handling costs

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000779025
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518017
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

66516000 - Liability insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£347,146 £100K-£500K

Notice Dates

Publication Date
11 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 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

Contracting Authority (Buyer)

Main Buyer
HIGHLANDS AND ISLANDS ENTERPRISE
Contact Name
Not specified
Contact Email
hieprocurement@hient.co.uk
Contact Phone
Not specified

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

RISK MANAGEMENT PARTNERS

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518017
    Public Liability Insurance - This is a call-off contract via the Crown Commercial Services (CCS) Insurance Services 3 (RM6138) Dynamic Purchasing System (DPS) for Public 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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