---
title: "U.M. Association Ltd"
ocid: "ocds-h6vhtk-0488d2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0488d2"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0488d2.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0488d2.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE UNIVERSITY OF BIRMINGHAM"
published: "2024-08-08"
---

# U.M. Association Ltd

Buyer: THE UNIVERSITY OF BIRMINGHAM  
Current stage: Award  
OCID: ocds-h6vhtk-0488d2

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## Summary

The University of Birmingham has completed a procurement process for the annual renewal of part of its insurance provision services, specifically in the category of insurance services (CPV: 66510000). The procurement process is at the "Award" stage and falls under the "services" category. This contract was signed on 8 August 2024. The process involves extending the existing contract with U.M. Association Ltd (UMAL) for one year, with the possibility of a further one-year extension. The procurement method used was limited, specifically "Negotiated without publication of a contract notice," reflecting a voluntary ex-ante transparency (VEAT) process. The University has chosen UMAL due to several logical necessities, including the need for comprehensive valuation and risk reviews. The total value of the contract is GBP 6,000,000, and it is situated in the West Midlands (UKG31 region), specifically in Edgbaston, Birmingham.

This tender provides a significant opportunity for businesses involved in the provision of insurance services, particularly those well-versed in handling comprehensive institutional insurance needs. Companies that can offer robust risk assessments, valuation services, and compliance with the Insurance Act 2015 would find this an advantageous contract. Furthermore, firms with experience in servicing large educational institutions and offering value-added benefits, such as loyalty bonuses and tax efficiencies, would be particularly well-suited to compete. UMAL's current role as the insurer includes unique benefits such as an annual credit note, member loyalty bonuses, and exemption from Insurance Premium Tax, which underscores the potential for substantial business growth for the right provider.

## Notice

This Voluntary Ex-Ante Transparency (VEAT) relates to the annual renewal for part of the University of Birmingham's Insurance provision.

### Lot Information

Lot 1

This Voluntary Ex-Ante Transparency (VEAT) relates to the annual renewal for part of the University of Birmingham's Insurance provision. The University is proposing to extend their existing contract with UMAL for the provision of this service for a period of one year, with the option to extend for a further one year, whilst a full review of the University estate, Insurance requirements and preparation for the tender process is undertaken. UMAL are the University's current insurance provider and there are several reasons, detailed below, as to why the University is unable to change provider at this time. * A wholesale valuation of the University's Buildings, Property and Contents is required in order to properly demonstrate the value of the Estate; * A review with internal stakeholders is required to properly understand all manner of risks, including Liability, Travel, Research, Financial, and Reputational; * A review with The Executive Group is required to understand the Risk Tolerance of the University; It is essential all of the above is undertaken prior to a Tender process commencing in order for the University to discharge its responsibilities under the Insurance Act 2015 wherein it must disclose all material facts which may affect a prudent insurer's judgment. If the University is found to be non-compliant, cover may be withdrawn or cancelled, and claims may not be paid. UMAL is a Mutual comprising approximately 154 UK universities with the University being one of its first members. The University is also its largest member is terms of contribution and portfolio value. Some of the benefits of being a Member of a Mutual are: an annual Credit Note, Member Loyalty Bonus, and no requirement to pay Insurance Premium Tax at 12% of the value of the contributions (overall PS2.5m this year). UMAL currently provides the level of cover required by the University and is also able to arrange further covers should these be required.

### Procurement Information

This Voluntary Ex-Ante Transparency (VEAT) relates to the annual renewal for part of the University of Birmingham's Insurance provision. The University is proposing to extend their existing contract with UMAL for the provision of this service for a period of one year, with the option to extend for a further one year, whilst a full review of the University estate, Insurance requirements and preparation for the tender process is undertaken. UMAL are the University's current insurance provider and there are several reasons, detailed below, as to why the University is unable to change provider at this time. * A wholesale valuation of the University's Buildings, Property and Contents is required in order to properly demonstrate the value of the Estate; * A review with internal stakeholders is required to properly understand all manner of risks, including Liability, Travel, Research, Financial, and Reputational; * A review with The Executive Group is required to understand the Risk Tolerance of the University; It is essential all of the above is undertaken prior to a Tender process commencing in order for the University to discharge its responsibilities under the Insurance Act 2015 wherein it must disclose all material facts which may affect a prudent insurer's judgment. If the University is found to be non-compliant, cover may be withdrawn or cancelled, and claims may not be paid. UMAL is a Mutual comprising approximately 154 UK universities with the University being one of its first members. The University is also its largest member is terms of contribution and portfolio value. Some of the benefits of being a Member of a Mutual are: an annual Credit Note, Member Loyalty Bonus, and no requirement to pay Insurance Premium Tax at 12% of the value of the contributions (overall PS2.5m this year). UMAL currently provides the level of cover required by the University and is also able to arrange further covers should these be required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/024997-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Negotiated without publication of a contract notice |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Aug 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 7 Aug 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £6,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE UNIVERSITY OF BIRMINGHAM |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B15 2TT |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Edgbaston |
| Westminster constituency | Birmingham Edgbaston |
| Delivery location | TLG31 Birmingham |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | U.M. ASSOCIATION |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 8 Aug 2024 at 10:24 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/024997-2024

## Notice URLs

- https://www.birmingham.ac.uk/

## 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-0488d2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0488d2.json.