RFP QuestBeta
Awarded · ResultStage · contract

Erewash Borough Council

Provision of General Insurance, Risk Management and Claims Handling excluding Broker Services

Financial ServicesCPV 66000000
Value£1.0m
Awarded1 Nov 2016
Published8 Feb 2017
RegionEast Midlands
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£1.0mtotal contract value
median £150k
this tender£0£4.7m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

Tender for the provision of insurance to Erewash Borough Council.

The tender is split into Lots as follows: Lot 1 - Property Lot 2 - Liability and fidelity guarantee Lot 3 - Motor Fleet Lot 4 - Engineering inspection and insurance Lot 5 - Group personal accident and travel Lot 6 - Terrorism This tender excludes broking services.

Tenders can be submitted for all or any individual Lot.

Insurers must be authorised to write the classes of insurance listed within the EU Member States subject to English/Welsh Law and jurisdiction of the English/Welsh courts.

Potential suppliers may be asked to produce a certificate issued by the appropriate insurance regulatory authority indicating the types of insurance the insurer is authorised to provide and must comply with Departments of Trade and Industry Regulations.

All insurers will be required to provide evidence that they are at least "A-" rated by Standard and Poor's (or equivalent) and/ or approved by the JLT Market Security Committee, otherwise their submission will be automatically rejected.

Details of membership of any professional body or association and education/Professional qualifications/experience of all staff providing the services, and evidence of risk management capabilities.

Please see the invitation to tender (ITT) for more details.

The Authority is looking for tenders based upon a Long Term Agreement of 5 years plus the option of a 2 year extension.

The deadline for completed tender returns is 12pm on 1st November 2016.

Requirements

What the notice asks for

01

Insurers must be authorised to write

Insurers must be authorised to write the classes of insurance listed within the EU Member States subject to English/Welsh Law and jurisdiction of the English/Welsh courts.

02

Potential suppliers may be asked to produce

Potential suppliers may be asked to produce a certificate issued by the appropriate insurance regulatory authority indicating the types of insurance the insurer is authorised to provide and must comply with Departments of Trade and Industry Regulations.

03

All insurers will be required to provide

All insurers will be required to provide evidence that they are at least "A-" rated by Standard and Poor's (or equivalent) and/ or approved by the JLT Market Security Committee, otherwise their submission will be automatically rejected.

04

Details of membership of any professional body

Details of membership of any professional body or association and education/Professional qualifications/experience of all staff providing the services, and evidence of risk management capabilities.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

Buyer intelligence

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Source & provenance
OCID
2fc1eea0-0f1a-43b1-85f2-131c09ec31ad
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
EBCT 232/2
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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