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Insurance Cover

Jobs and Business Glasgow

This public procurement record has 2 releases in its history.

Award

15 Oct 2025 at 01:00

OJEU - F3 - Contract Award Notice
Tender

08 Jul 2025 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The public procurement process for "Insurance Cover" is being conducted by Jobs and Business Glasgow (JBG), located in Glasgow, Scotland. This tender, identified as JBG25005, falls under the industry category of economic development and services, specifically concerning insurance services such as property owners, management liability, professional indemnity, and engineering inspection. The procurement is at the tender stage, with responses due by 11th August 2025. The procurement method is selective, employing a competitive procedure with negotiation. The services required will cover JBG's assets and any subsidiary, ensuring adequate insurance by reputable and regulated insurers. The contract period is set from 1st October 2025 to 30th September 2026, with an option to extend by 12 months, and submissions must be made in written format.

This tender presents significant opportunities for growth for businesses specialising in insurance services, particularly those regulated by the Financial Conduct Authority. Companies with a strong credit rating of at least "A minus" by Standard & Poor's and the ability to provide substantial liability and indemnity coverage will find this contract appealing. Moreover, businesses accredited to provide engineering inspection services can also compete for relevant lots. The contract’s scope and the possibility of extension offer long-term business prospects. The competitive procedure allows insurers to negotiate terms, potentially securing advantageous arrangements with a well-established local authority.

How relevant is this notice?

Notice Information

Notice Title

Insurance Cover

Notice Description

Jobs and Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered.

Lot Information

Property Owners

As stated in the procurement documents.

Renewal: Option to extend for up to 12 months.

Management Liability

As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Professional Indemnity

As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Engineering Inspection

As stated in the Procurement Documents.

Renewal: Option to extend for up to 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000802608
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT541524
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

66515000 - Damage or loss insurance services

66515200 - Property insurance services

66516000 - Liability insurance services

66516500 - Professional liability insurance services

66519200 - Engineering insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£39,765 Under £100K

Notice Dates

Publication Date
15 Oct 202510 months ago
Submission Deadline
11 Aug 2025Expired
Future Notice Date
Not specified
Award Date
24 Sep 202511 months ago
Contract Period
1 Oct 2025 - 30 Sep 2026 6-12 months
Recurrence
Approximately 3-4 months before the end of this contract (including any applicable extension).

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Jobs and Business Glasgow
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
G4 0UW
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
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Calton
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
4
Supplier Names

AXA Scotland

Arch Insurance

Aviva plc

British Engineering Services 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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