---
title: "Insurance Pilot Study"
ocid: "ocds-h6vhtk-02efbf"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02efbf"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02efbf.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02efbf.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEFRA NETWORK ETENDERING PORTAL"
published: "2022-12-16"
---

# Insurance Pilot Study

Buyer: DEFRA NETWORK ETENDERING PORTAL  
Current stage: Award  
OCID: ocds-h6vhtk-02efbf

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02efbf)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02efbf.json)

## Summary

The Environment Agency has completed the procurement process for the "Insurance Pilot Study" project, seeking consultancy services for evaluating insurance-related financial benefits of flood alleviation schemes in England, specifically at Bridgwater Tidal Barrier and Banbury Flood Alleviation Scheme. The study was carried out by McKinsey & Co Inc UK, with a contract value of £249,572.00. The procurement was conducted through an open procedure with a deadline of 2022-07-01.

This tender opportunity presents a chance for consultancy firms specialising in financial services to engage with the Environment Agency on evaluating flood alleviation scheme benefits. With a focus on financial consultancy services, this project requires expertise in actuarial services and feasibility studies. Businesses with experience in natural catastrophe modelling, insurance risk pricing, and public infrastructure investment projects will find this tender suitable for growth opportunities.

## Notice

The Green Finance Team at Environment Agency have secured funding to carry out a pilot study titled 'Monetising Insurance Benefits of Flood Alleviation Schemes' (the Study) to evaluate the insurance-related financial benefits of Flood Alleviation Schemes in England. The Environment Agency seeks to appoint a Consultant to carry out the Study. The Study will evaluate two flood schemes in England viz. Bridgwater Tidal Barrier and Banbury Flood Alleviation Scheme.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/035698-2022 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Dec 2022 |
| Submission deadline | 1 Jul 2022 |
| Future notice date | 1 Dec 2021 |
| Award date | 7 Aug 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £249,572 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEFRA NETWORK ETENDERING PORTAL |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3JR |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MCKINSEY & CO |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 66000000 - Financial and insurance services
- 66171000 - Financial consultancy services
- 71241000 - Feasibility study, advisory service, analysis

## Release History

- 16 Dec 2022 at 14:41 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/035698-2022
- 31 May 2022 at 13:32 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/015221-2022
- 31 May 2022 at 10:08 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/015164-2022
- 25 Oct 2021 at 21:45 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/026706-2021

## Notice URLs

- https://defra.bravosolution.co.uk/web/login.html

## 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-h6vhtk-02efbf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02efbf.json.