---
title: "Provision of Ship Builders Risk Insurance"
ocid: "ocds-r6ebe6-0000631363"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000631363"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000631363.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000631363.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "FERGUSON MARINE (PORT GLASGOW) LTD"
published: "2020-09-28"
---

# Provision of Ship Builders Risk Insurance

Buyer: FERGUSON MARINE (PORT GLASGOW) LTD  
Current stage: Award  
OCID: ocds-r6ebe6-0000631363

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000631363)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000631363.json)

## Summary

The procurement process involves Ferguson Marine (Port Glasgow) Ltd, which is seeking to secure Ship Builders Risk Insurance for vessels 801 and 802. This procurement falls under the services category and is primarily located in Port Glasgow, UK. The contracting authority has employed a limited procurement method, which is an award procedure without prior publication of a call for competition. The tender was completed on 12 June 2020, resulting in the awarding of the contract to Aon UK Limited for a total value of £1,250,000.

This tender creates significant opportunities for businesses in the insurance sector, particularly those specialising in marine and construction insurance. Companies that can offer comprehensive risk assessment and insurance solutions for shipbuilding projects will be well-positioned to compete. Given the urgent nature of this procurement, businesses with the ability to quickly mobilise and provide tailored insurance products in response to unforeseen circumstances will have a distinct advantage.

## Notice

The provision of ship building risk insurance services for vessels 801 & 802.

### Lot Information

Lot 1

The provision of ship builders risk insurance for vessels 801 & 802.

### Procurement Information

Ferguson Marine (Port Glasgow) is required to maintain insurance to protect against hull construction risks, and insurance for an extended time period is required. Ferguson Marine could not have foreseen a combination of events whereby there was a significant change in the marine insurance sector at a time that the additional cover was required by the business, resulting in a position where the business had an urgent requirement to seek alternative cover with insufficient time for a full competitive process, given the amount of time it would have taken to provide full and comprehensive information to potential insurers, fulfilling the requirement to "make a fair presentation of the risk", as is required by the Insurance Act 2015.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395727 |
| Notice type | OJEU - F3 - Contract 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 | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Sep 2020 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 12 Jun 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,250,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FERGUSON MARINE (PORT GLASGOW) LTD |
| Locality | PORT GLASGOW |
| Post town | Paisley |
| Postcode | PA14 5NG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM33 Inverclyde, East Renfrewshire, and Renfrewshire |
| Local authority | Inverclyde |
| Electoral ward | Inverclyde East Central |
| Westminster constituency | Inverclyde and Renfrewshire West |
| Delivery location | TLM83 Inverclyde, East Renfrewshire, and Renfrewshire |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66514150 - Vessel insurance services

## Release History

- 28 Sep 2020 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395727

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395727
  Provision of Ship Builders Risk Insurance - The provision of ship building risk insurance services for vessels 801 & 802.

## Notice URLs

- http://
- http://www.fergusonmarine.com
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000631363

## 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-r6ebe6-0000631363. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000631363.json.