--- title: "FRIC Insurance" ocid: "ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FIRE & RESCUE INDEMNITY COMPANY LIMITED" published: "2020-07-12" --- # FRIC Insurance Buyer: FIRE & RESCUE INDEMNITY COMPANY LIMITED Current stage: Tender OCID: ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128.json) ## Summary The Fire & Rescue Indemnity Company Limited is currently conducting an open tender for "FRIC Insurance," primarily concerning financial and insurance services within the UK. The tender aims to appoint one or more contractors to provide property and liability insurance for Fire and Rescue Authorities, supporting claims above the respective retention limits, with a contract period commencing on 1st November 2020 and potentially extending up to nine years. The submission deadline for tenders is set for 13th August 2020, after which the authority expects to work closely with the successful bidder to ensure comprehensive service delivery and compliance with contractual requirements. This procurement opportunity presents significant growth potential for businesses in the insurance sector, particularly those specialising in property and liability insurance services. Companies that are SMEs may find this tender particularly accessible, as the authority encourages participation from smaller enterprises. Engaging with this contract can enable businesses to expand their clientele through collaboration with multiple fire and rescue authorities, offering tailored insurance solutions to meet their unique needs throughout the contract duration. ## Notice The Authority is a discretionary mutual established by nine of the current members in 2015. The Authority provides risk protection on a shared liability basis for its Members and managed claims. Currently there are twelve Member Fire and Rescue Authorities. Other fire and rescue authorities may also become Members over the period of the Contract. The Contractor (or Contractors) will be expected to provide these Services in relation to any new Members joining the Authority during the Contract. Regis Mutual Management Limited (RMML) are the Authority's managers. They are supporting the Authority in this Procurement and the successful Organisation will be expected to work closely with RMML, as further described in the Specifications. The Authority requires all Tenderers wishing to participate in the Procurement to submit an NDA. This is to protect the Authority's commercial information, including the Underwriting Agreement, risk data, claims data and actuarial reports. This information will be released to a Tenderers when they have provided a signed copy of the NDA. The signed NDA should be submitted through the Portal's email facility. The purpose of the ITT is to identify a Contractor or Contractors to provide the Services below. Insurances for claims above the Authority and the Authority's Members' retention limits as follows: Property Insurance - above PS105,000 up to PS50,000,000 per event; Liability Insurance - above PS205,000 up to PS50,000,000 per event. Initial term of the Contract period will be 1st November 2020 to 31st October 2022 (to be exercised by the Authority at its absolute discretion) to extend for three (3) further two (2) years periods up to the eight year. The final extension will be one(1) year, taking the contract to a 9 year period. Initial Term 1st November 2020 to 31st October 2022. If the first extension period is granted, this will be for two (2) years 1st November 2022 to 31st October 2024. If the second extension period is granted, this will be for a further two years (2) 1st November 2024 to 31st October 2026. If the third extension is granted, this will be for a further two (2) years 1st November 2026 to 31st October 2028. The final extension is for one (1) year 1st November 2028 to 31st October 2029. The Contract duration may be extended up to a maximum of nine 9 years ending 31st October 2029 with up to four (4) extension periods. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/19851fad-3f49-41c0-bcb0-b8bb8ba27c3a | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 12 Jul 2020 | | Submission deadline | 13 Aug 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Nov 2020 - 31 Oct 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FIRE & RESCUE INDEMNITY COMPANY LIMITED | | Locality | LONDON | | Post town | South East London | | Postcode | SE1 3JB | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI44 Lewisham and Southwark | | Local authority | Southwark | | Electoral ward | London Bridge & West Bermondsey | | Westminster constituency | Bermondsey and Old Southwark | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services - 66515200 - Property insurance services - 66516000 - Liability insurance services ## Release History - 12 Jul 2020 at 11:32 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/19851fad-3f49-41c0-bcb0-b8bb8ba27c3a ## Documents - https://www.contractsfinder.service.gov.uk/Notice/19851fad-3f49-41c0-bcb0-b8bb8ba27c3a 12th July 2020 - Opportunity notice on Contracts Finder - https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=33607&B=BLUELIGHT All messages and exchange of documentation must be made via the Blue Light portal. https://bluelight.eu-supply.com - https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/71935 All messages and exchange of documentation must be made via the Blue Light portal. https://bluelight.eu-supply.com ## Notice URLs - http://www.fric.org.uk - https://bluelight.eu-supply.com ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8b2267bb-7346-43ea-a6dd-c4da7d477128.json.