---
title: "University of St Andrews: Insurance Broker Services"
ocid: "ocds-h6vhtk-03fb65"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03fb65"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03fb65.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03fb65.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF ST ANDREWS"
published: "2023-12-14"
---

# University of St Andrews: Insurance Broker Services

Buyer: UNIVERSITY OF ST ANDREWS  
Current stage: Award  
OCID: ocds-h6vhtk-03fb65

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## Summary

The University of St Andrews has completed the procurement process for Insurance Broker Services. The procurement method used was an open procedure. The tender was awarded to Marsh Limited. The contract is worth £397,062.50 and was signed on 7th December 2023. The procurement stage is currently 'cancelled'. The opportunity was in the services category and was located in UK-St Andrews. The award criteria included both Quality (70%) and Cost (30%).

This tender from the University of St Andrews for Insurance Broker Services offers a business growth opportunity to insurance brokerage firms, particularly those with expertise in advising on insurance strategic direction, negotiating terms, and handling day-to-day queries. Businesses with experience in the insurance industry would be well-suited to compete. The University has set specific dates and deadlines for the procurement process to ensure transparency and fairness for all tenderers.

## Notice

Insurance Broker Services for the University of St Andrews.

### Lot Information

Lot 1

Insurance Broker Services for the University of St Andrews. The broker will be responsible for advice on insurance strategic direction, programme placement, negotiating wordings and extensions, being aware of market options, handling and monitoring completion of day to day queries, ensuring a satisfactory tripartite relationship with underwriters, advising on overseas exposures, facilitating claims handling on certain classes, acting as arbiter and point of escalation for claims on other classes, and providing a point of referral for property loss control advice to market norms, including accompanying insurer risk control surveys. Where we have existing in-house capability, we expect the broker to augment that capability and present it to the market. The broker will be responsible for issue of satisfactory policy wordings, negotiating suitable terms and conditions within those wordings, checking those wordings, and issuing statutory and other certificates on a timely basis. Please see tender documents for full details. Additional information: All tenders for the University of St Andrews are administered through our eTendering System (InTend).To Express an Interest please go to our tender website at https://intendhost.co.uk/universityofstandrews Please note that 'Notes of Interest' placed via PCS (Public Contracts Scotland) are not automatically accepted

Renewal: 2 Year extension subject to satisfactory performance and mutual agreement.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/036785-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Dec 2023 |
| Submission deadline | 31 Oct 2023 |
| Future notice date | Not specified |
| Award date | 7 Dec 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £397,062 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF ST ANDREWS |
| Locality | GUARDBRIDGE |
| Post town | Kirkcaldy |
| Postcode | KY16 0US |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM0 Eastern Scotland |
| ITL 3 | TLM01 Clackmannanshire and Fife |
| Local authority | Fife |
| Electoral ward | Tay Bridgehead |
| Westminster constituency | North East Fife |
| Delivery location | TLM72 Clackmannanshire and Fife |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MARSH |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66518100 - Insurance brokerage services

## Release History

- 14 Dec 2023 at 12:21 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/036785-2023
- 8 Sep 2023 at 15:18 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026698-2023

## Notice URLs

- http://www.st-andrews.ac.uk/staf/procurement/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000740531
- https://in-tendhost.co.uk/universityofstandrews
- https://intendhost.co.uk/universityofstandrews
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00111

## 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-03fb65. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03fb65.json.