--- title: "Property Insurance" ocid: "ocds-r6ebe6-0000766280" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000766280" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000766280.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000766280.json" source: "Public Contracts Scotland" current_stage: "Award" buyer: "SOUTH LANARKSHIRE COUNCIL" published: "2024-05-10" --- # Property Insurance Buyer: SOUTH LANARKSHIRE COUNCIL Current stage: Award OCID: ocds-r6ebe6-0000766280 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000766280) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000766280.json) ## Summary The South Lanarkshire Council has awarded a contract for Property Insurance. The Council sought financial protection for its property portfolio, covering elements such as material damage, business interruption, money, and computer-related risks. The procurement method used was a limited Award procedure without prior publication of a call for competition. The contract was awarded to Risk Management Partners, with a total value of £10,605,445.46. The contract was signed on 28th March 2024. This tender for Property Insurance by the South Lanarkshire Council can create opportunities for large insurance companies and suppliers capable of providing comprehensive coverage. The procurement process has already reached the award stage, providing clarity for potential bidders. Businesses specialising in insurance services can consider similar upcoming opportunities with the Council, particularly when contracting through negotiated tendering procedures. ## Notice South Lanarkshire Council has a requirement to ensure that its property portfolio is protected against financial loss that could result from an insured peril leading to loss or damage to the property. The policy extends to cover the following elements: - Material damage (buildings and contents) - Business interruption - Money - Computer ### Lot Information Lot 1 A mini competition from RM6138 Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (DPS) was identified as a compliant route to market. The Invitation to Tender (ITT) for the Mini Competition was issued through Crown Commercial Service eSourcing on 14 September 2023 to 23 suppliers appointed to the DPS. The Council received no suitable bids therefore, a negotiated procedure was utilised. The award of this contract under the Negotiated Tendering Procedure can be justified under Standing Order 9.3.1 of the Council's Standing Orders on Contracts and Regulation 33(1) of The Public Contracts (Scotland) Regulations 2015 for the following reason:- - where as a result of the publication of a contract notice no suitable tenders has been received. ### Procurement Information A mini competition from RM6138 Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (DPS) was identified as a compliant route to market. The Invitation to Tender (ITT) for the Mini Competition was issued through Crown Commercial Service eSourcing on 14 September 2023 to 23 suppliers appointed to the DPS. The Council received no suitable bids therefore, a negotiated procedure was utilised. The award of this contract under the Negotiated Tendering Procedure can be justified under Standing Order 9.3.1 of the Council's Standing Orders on Contracts and Regulation 33(1) of The Public Contracts (Scotland) Regulations 2015 for the following reason:- - where as a result of the publication of a contract notice no suitable tenders has been received. ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY505028 | | 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 | 10 May 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 | £10,605,445 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | SOUTH LANARKSHIRE COUNCIL | | Locality | HAMILTON | | Post town | Motherwell | | Postcode | ML3 0AA | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM9 Southern Scotland | | ITL 3 | TLM95 South Lanarkshire | | Local authority | South Lanarkshire | | Electoral ward | Hamilton North and East | | Westminster constituency | Hamilton and Clyde Valley | | Delivery location | TLM95 South Lanarkshire | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | RISK MANAGEMENT PARTNERS | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services ## Release History - 10 May 2024 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY505028 ## Documents - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY505028 Property Insurance - South Lanarkshire Council has a requirement to ensure that its property portfolio is protected against financial loss that could result from an insured peril leading to loss or damage to the property. The policy extends to cover the following elements: - Material damage (buildings and contents) - Business interruption - Money - Computer ## Notice URLs - http:// - http://www.scotscourts.gov.uk - http://www.southlanarkshire.gov.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000766280 ## 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-r6ebe6-0000766280. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000766280.json.