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Insurance Broker Services (P25-0059)

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

17 Sep 2025 at 01:00

OJEU - F3 - Contract Award Notice
Tender

07 Feb 2025 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Scottish Enterprise has concluded a public procurement process for the provision of Insurance Broker Services under the contract title "Insurance Broker Services (P25-0059)." The process, completed on 17 September 2025, was conducted through an open procedure and is aimed at appointing a proficient insurance broker to act as an agent for Scottish Enterprise. The contract, valued at £3,250,000, involves handling insurance-related activities including advising on insurance markets and risks, policy procurement, claims handling, and management of SE Investment property portfolios. The services are catered to the economic affairs category and are located in the region of UKM, with the procurement process initiated on 7 February 2025 and submission concluded on 12 March 2025. The contract is expected to begin on 1 June 2025, running initially until 31 May 2028, with potential extensions up to 2030.

This tender presents a substantial opportunity for businesses within the insurance brokerage industry, offering a framework to gain significant contracts through government engagement. The open nature of the procurement method allows for broad participation, making it ideal for large-scale insurance brokerage firms that possess the expertise and capacity to fulfil the extensive and complex requirements. These organisations can leverage their market insights and innovative solutions to manage risk and insurance portfolios effectively. Successful delivery on this contract not only enhances business growth through long-term governmental partnerships but also positions firms as leaders capable of managing critical public sector insurance needs.

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Notice Information

Notice Title

Insurance Broker Services (P25-0059)

Notice Description

Scottish Enterprise is seeking to appoint a professional and expert insurance broker to act as our contracted Agent and oversee all insurance related activity on our behalf, with input and agreement from our nominated staff as needed. This will include: (i) Professional advice on insurance market and risks which are appropriate to our current and future business activities. (ii) Procuring and placing annual insurance policies on our behalf. (iii) Handling any claims, or insurance related queries (iv) Deal with all insurance related matters in connection with the SE Investment property portfolio. Full details of the requirements can be found within the Invitation to Tender (ITT). It is anticipated that the contract will commence on 1 June 2025 for an initial period of 3 years to 31 May 2028, with the potential to extend the contract by mutual agreement for a further 2 x 12-month periods up to a final contract end date of 31 May 2030. An existing contract with our current insurer is due to expire on 31 May 2025. The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees.

Lot Information

Lot 1

Scottish Enterprise is seeking to appoint a professional and expert insurance broker to act as our contracted Agent and oversee all insurance related activity on our behalf, with input and agreement from our nominated staff as needed. This will include: (i) Professional advice on insurance market and risks which are appropriate to our current and future business activities. (ii) Procuring and placing annual insurance policies on our behalf. (iii) Handling any claims, or insurance related queries (iv) Deal with all insurance related matters in connection with the SE Investment property portfolio. Full details of the requirements can be found within the Invitation to Tender (ITT). It is anticipated that the contract will commence on 1 June 2025 for an initial period of 3 years to 31 May 2028, with the potential to extend the contract by mutual agreement for a further 2 x 12-month periods up to a final contract end date of 31 May 2030. An existing contract with our current insurer is due to expire on 31 May 2025. The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees.. The estimated value within II.1.5 of the Contract Notice includes the estimated costs of the insurance polices in addition to any fees. 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.

Renewal: 2 x 12-month extension options

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000789670
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP539375
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
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

66000000 - Financial and insurance services

66500000 - Insurance and pension services

66510000 - Insurance services

66512100 - Accident insurance services

66513100 - Legal expenses insurance services

66514000 - Freight insurance and Insurance services relating to transport

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£3,250,000 £1M-£10M
Lots Value
£3,250,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1

Notice Dates

Publication Date
17 Sep 202511 months ago
Submission Deadline
12 Mar 2025Expired
Future Notice Date
Not specified
Award Date
16 Sep 202511 months 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
Scottish Enterprise
Additional Buyers

Scottish Government

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
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
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Marsh Limited

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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