--- title: "University of St Andrews: Insurance Broker Services" ocid: "ocds-r6ebe6-0000740531" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000740531" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000740531.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000740531.json" source: "Public Contracts Scotland" 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-r6ebe6-0000740531 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000740531) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000740531.json) ## Summary The University of St Andrews has awarded a contract for Insurance Broker Services to Marsh Limited. The procurement process was completed on December 14, 2023. The University, based in Guardbridge, UK, sought an insurance broker for strategic advice, negotiating, claims handling, and policy issuance. The contract was valued at £397,062.5 and signed on December 7, 2023. The tender attracted 3 bids, all from SMEs. This tender presents an opportunity for insurance brokers and firms in the services sector. Companies capable of providing insurance strategic advice, negotiating policy terms, and handling claims would find this tender well-suited for business growth. The University of St Andrews follows an open procurement method and incorporates a standstill period for unsuccessful tenderers to seek debriefing. Businesses interested in providing services to educational institutions should consider engaging with the University's eTendering System for future opportunities. ## 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.. 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 | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC494892 | | Notice type | OJEU - F3 - Contract Award 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 | Complete | | Awards status | Not specified | | 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC494892 - 8 Sep 2023 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP487962 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP487962&idx=1 8th September 2023 - Portal Supplier Registration - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP487962 University of St Andrews: Insurance Broker Services - Insurance Broker Services for the University of St Andrews. - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC494892 University of St Andrews: Insurance Broker Services - Insurance Broker Services for the University of St Andrews. ## Notice URLs - http:// - http://www.st-andrews.ac.uk/procurement/ - 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 ## 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-r6ebe6-0000740531. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000740531.json.