---
title: "PURCH2073 PROVISION OF FINE ART INSURANCE"
ocid: "ocds-h6vhtk-0334d1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0334d1"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0334d1.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0334d1.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "UNIVERSITY OF GLASGOW"
published: "2022-05-06"
---

# PURCH2073 PROVISION OF FINE ART INSURANCE

Buyer: UNIVERSITY OF GLASGOW  
Current stage: Tender  
OCID: ocds-h6vhtk-0334d1

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## Summary

The University of Glasgow is currently seeking tenders for the provision of Fine Art Insurance (Tender ID: PURCH2073) within the insurance services industry. This procurement process is at the Tender stage, with submissions due by 17 June 2022. The contract will be based in Glasgow and is expected to last for an initial period of 1800 days, with possibilities for renewal over an additional three years, potentially extending by 24 months. Interested suppliers are required to submit their responses electronically through the Public Contracts Scotland platform, as paper submissions will be rejected.

This tender presents significant opportunities for businesses in the insurance sector, particularly those that specialise in fine art coverage and have experience in dealing with valuable collections. Companies with robust indemnity insurance capabilities and strong financial turnover will be well-suited to compete, especially those that align with the University's commitment to community benefits in procurement. Engaging in this contract not only supports the University’s valuable art collection but also reinforces the importance of quality service and assurance in the field of insurance.

## Notice

PURCH2073 PROVISION OF FINE ART INSURANCE Tender documents available from Public Contracts Scotland. Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the 'Contact Us' option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx

### Lot Information

Lot 1

PURCH2073 PROVISION OF FINE ART INSURANCE The University of Glasgow is a large, prestigious, research-focussed university with a significant collection of Fine Art. The Collection comprises several thousand permanent items, and items on long term loan, with a total declared value of GBP 514,581,806. A partial revaluation exercise of the collections is currently underway, to be completed in June 2022, which may result in a change to the Total Declared Value and/or the First Loss Limit. Please refer to PUCH2073 - SCHEDULE 2 SECTION 1 - SPECIFICATION for full details.

Renewal: Period of 3 years with the option to extend for 2 x 12 months

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/011828-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 May 2022 |
| Submission deadline | 17 Jun 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | This service will be re-tendered in 5 years. |

## 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 | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF GLASGOW |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G12 8QQ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Hillhead |
| Westminster constituency | Glasgow North |
| Delivery location | TLM82 Glasgow City |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 6 May 2022 at 11:13 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/011828-2022

## Notice URLs

- http://www.gla.ac.uk/
- http://www.publiccontractsscotland.gov.uk/default.aspx
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000692491
- https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/
- https://www.publiccontractsscotland.gov.uk/
- https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=692491
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00108
- https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx

## 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-0334d1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0334d1.json.