---
title: "Insurance Provision - Modification"
ocid: "ocds-h6vhtk-0407e8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0407e8"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0407e8.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0407e8.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "PROSPECT COMMUNITY HOUSING LTD"
published: "2024-05-16"
---

# Insurance Provision - Modification

Buyer: PROSPECT COMMUNITY HOUSING LTD  
Current stage: Award  
OCID: ocds-h6vhtk-0407e8

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0407e8)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0407e8.json)

## Summary

Prospect Community Housing Ltd is modifying its existing Insurance Provision contract, extending it to 30th September 2026 with Marsh Ltd. The procurement process utilised Regulation 72(1)(c) without prior publication of a call for competition. The procurement falls outside the directive's scope, with the main industry category being insurance services. The decision to extend the contract was influenced by market conditions post-Brexit, challenges faced by RSLs, and cost-of-living pressures.

The extension of the Insurance Provision contract by Prospect Community Housing Ltd offers opportunities for insurance service providers to compete in the restricted market. Businesses experienced in insurance services, particularly those adaptable to changing market conditions, would be well-suited to participate. The procurement process for this contract provides an avenue for suppliers to offer innovative solutions to meet the statutory regulatory requirements of Prospect Community Housing Ltd.

## Notice

This Voluntary Ex-Ante Transparency (VEAT) notice relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term "by circumstances Prospect Community Housing (PCH) could not have foreseen". Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.

### Lot Information

Lot 1

Prospect Community Housing (PCH) intends to extend the existing Insurance Provision contract due to end 30 September 2024 to the 30 September 2026 with Marsh Ltd who are the current insurance service Broker/provider.

### Procurement Information

Award of a contract without prior publication of a call for competition

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/015610-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 May 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 26 Sep 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £204,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PROSPECT COMMUNITY HOUSING LTD |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH14 2TH |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | Pentland Hills |
| Westminster constituency | Edinburgh South West |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 16 May 2024 at 14:50 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/015610-2024
- 4 Oct 2023 at 13:36 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/029275-2023

## Notice URLs

- http://www.prospectch.org.uk/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000746466
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA11963

## 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-0407e8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0407e8.json.