---
title: "Property Owner's Insurance"
ocid: "ocds-r6ebe6-0000762983"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000762983"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000762983.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000762983.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "ORKNEY RESEARCH AND INNOVATION CAMPUS LLP"
published: "2024-04-05"
---

# Property Owner's Insurance

Buyer: ORKNEY RESEARCH AND INNOVATION CAMPUS LLP  
Current stage: Award  
OCID: ocds-r6ebe6-0000762983

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000762983)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000762983.json)

## Summary

The Orkney Research and Innovation Campus LLP has completed the procurement process for Property Owner's Insurance. The procurement stage was an Award procedure without prior publication of a call for competition. The contract covers the period from 1st March 2023 to 31st October 2024. The total contract value, including an extension and the 2023/24 premium, is £60,179.70. Allianz Insurance was awarded the contract by the Orkney Research and Innovation Campus LLP. The procurement opportunity was in the services category and was published on 5th April 2024.

This tender for Property Owner's Insurance presents an opportunity for businesses in the insurance sector to provide their services. Companies experienced in providing property insurance, especially for large-scale projects, would be well-suited to compete for this contract. The contracting authority, Orkney Research and Innovation Campus LLP, has indicated a strategic move to align their insurance programme to a 1st November renewal date, providing a clear timeline for interested businesses to tailor their offerings accordingly.

## Notice

The Contract is for the provision of Property Owner's Insurance for the period 1st March 2023 to 31st October 2024. This is considered a 7-month extension of the current insurance policy. The reason for the extension is to re-align all of our main insurances to a new, 1 November renewal date. The total value stated in this contract award notice is the total of the extension and the 2023/24 insurance premium, including IPT. We are publishing this contract award notice to be transparent about the aggregated value.

### Lot Information

Lot 1

The contract is for the provision of property insurance, covering the period from 1 April 2024 to 31 October 2024.

Options: changes related to the insured assets result in higher premium

### Procurement Information

Following the advice of our broker, this notice relates to an extension of an existing contract, the value reflects the original contract and the extension value. The extension is being actioned to enable us to align our insurance programme to a 1 November renewal date, as the broker advises this may be more attractive to the marketplace.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502452 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Framework |
| 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 | 5 Apr 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 28 Mar 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 | £60,179 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ORKNEY RESEARCH AND INNOVATION CAMPUS LLP |
| Locality | STROMNESS |
| Post town | Kirkwall |
| Postcode | KW16 3AN |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM2 Highlands and Islands |
| ITL 3 | TLM20 Highlands and Islands |
| Local authority | Orkney Islands |
| Electoral ward | Stromness and South Isles |
| Westminster constituency | Orkney and Shetland |
| Delivery location | TLM65 Orkney Islands |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ALLIANZ INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66515200 - Property insurance services

## Release History

- 5 Apr 2024 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502452

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502452
  Property Owner's Insurance - The Contract is for the provision of Property Owner's Insurance for the period 1st March 2023 to 31st October 2024. This is considered a 7-month extension of the current insurance policy. The reason for the extension is to re-align all of our main insurances to a new, 1 November renewal date. The total value stated in this contract award notice is the total of the extension and the 2023/24 insurance premium, including IPT. We are publishing this contract award notice to be transparent about the aggregated value.

## Notice URLs

- http://
- http://www.orkneycampus.co.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000762983
- https://www.scotcourts.gov.uk/the-courts/court-locations/inverness-sheriff-court-and-justice-of-the-peace-court

## 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-r6ebe6-0000762983. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000762983.json.