Award

Property Owners Liability Insurance - Arnish

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

Highlands and Islands Enterprise, based in Inverness, has awarded a contract for Property Owners Liability Insurance for their Arnish property. This contract spans from 1 November 2024 to 31 October 2025. The procurement falls under the services category within the economic affairs sector. This procurement process utilised a limited method due to the absence of competitive interest owing to the specialised risk profile of the building. The award was made on 5 December 2024, following a prior absence of quotations via the Crown Commercial Services Insurance Services 3 DPS.

This tender presents growth opportunities for businesses specialising in high-risk insurance services. The contract was awarded to Allied World Assurance Company Ltd. Such opportunities are well-suited for large insurance firms capable of handling co-insurance arrangements and understanding the complex risk requirements associated with specific properties. Businesses with expertise in providing tailored insurance solutions for unique and challenging risk profiles would find such contracts beneficial for expanding their portfolio and demonstrating their capability to manage specialised insurance needs.

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Notice Title

Property Owners Liability Insurance - Arnish

Notice Description

The contract is for the provision of property owners insurance from 1 November 2024 to 31 October 2025 for Arnish. We have sought quotes from insurers via the Crown Commercial Services Insurance Services 3 DPS, but did not receive any. Considering the market's appetite, our broker's advice, we consider that the competition is absent for technical reasons. As a result, a co-insurance approach has been considered appropriate for this particular insurance. The value stated in this notice includes IPT. The supplier stated in this contract award notice is the lead insurer.

Lot Information

Lot 1

The contract is for the provision of property owners insurance from 1 November 2024 to 31 October 2025 Arnish.

Options: changes to the building during the policy resulting in higher risk and so higher premium

Procurement Information

Due to the the specialist risk profile applicable to the building, our insurance broker has experienced a lack of competitive interest from the market. Our insurance broker has had to use a co-insurance approach in order to obtain insurance cover for this building.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000784105
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC519651
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website 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

66515200 - Property insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£92,060 Under £100K

Notice Dates

Publication Date
5 Dec 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
7 Nov 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
+44 1463245245

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
TLM64 Na h-Eileanan Siar

Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

ALLIED WORLD ASSURANCE

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC519651
    Property Owners Liability Insurance - Arnish - The contract is for the provision of property owners insurance from 1 November 2024 to 31 October 2025 for Arnish. We have sought quotes from insurers via the Crown Commercial Services Insurance Services 3 DPS, but did not receive any. Considering the market's appetite, our broker's advice, we consider that the competition is absent for technical reasons. As a result, a co-insurance approach has been considered appropriate for this particular insurance. The value stated in this notice includes IPT. The supplier stated in this contract award notice is the lead insurer.

Open Contracting Data Standard (OCDS)

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