Award

Property Owners Liability Insurance - Denchi House

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 for the provision of Property Owners Liability Insurance for Denchi House, Thurso. The contract covers the period from 3 May 2025 to 31 October 2025. This procurement falls under the "Economic affairs" category, with a focus on services. The contract was awarded through a limited procurement method without prior publication due to the absence of market competition for technical reasons. The primary location for this contract is in the UKM61 region, and key dates include the contract signing on 1 May 2024.

This tender represents a targeted opportunity for large insurance companies with expertise in specialist risk profiles and co-insurance approaches. Given the niche market and the absence of competition, it highlights growth potential for economic operators familiar with technical requirements in the property insurance sector. Businesses that can provide customized insurance solutions, particularly for assets like Denchi House, would be best positioned to secure such contracts with central purchasing bodies like Highlands and Islands Enterprise.

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Notice Title

Property Owners Liability Insurance - Denchi House

Notice Description

The contract is for the provision of property owners insurance from 3 May 2025 to 31 October 2025 for Denchi House, Thurso. Considering the market's appetite, our broker's advice and previous experience, 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 type. 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 3 May 2025 to 31 October 2025 for Denchi House, Thurso

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

Procurement Information

Due to the specialist risk profile applicable to the building and our broker's advice and experience there is an absence of competition in the market, and the broker has had to arrange a co-insurance approach. We therefore consider that competition is absent for technical reasons.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000798980
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY530581
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
£61,766 Under £100K

Notice Dates

Publication Date
19 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 May 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
TLM61 Caithness and Sutherland, and Ross and Cromarty

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

Supplier Information

Number of Suppliers
1
Supplier Name

AXA XL INSURANCE

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY530581
    Property Owners Liability Insurance - Denchi House - The contract is for the provision of property owners insurance from 3 May 2025 to 31 October 2025 for Denchi House, Thurso. Considering the market's appetite, our broker's advice and previous experience, 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 type. 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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