Find a TenderAwarded
Published 21 Aug 2023, 09:10 BST

Official UK procurement notice

1 · Marsh Ltd for Pool Re Services Limited (Aug 2023)

Official notice

Authority: Pool Re Services Limited (Public body)·Consortium: 2 public authorities

ServicesOpen procedure
Awarded value£453,191published contract · exc. VAT
Submissions closed 4 Oct 2023awarded 13 Feb 2024
Awarded to Marsh Ltd

What is being bought

Published requirement description

Pool Re is appointing a broker for the provision of Insurance Brokerage services.

The Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.

Pool Re requires cover to be placed across a range of insurance policies to include:

Professional Indemnity

Directors and Officers’ Insurance

Crime

Cyber

Commercial Combined

  • Recurrence: 3 to 5 years

CPV: Insurance brokerage and agency services

The lotProcurement structure

single lot · no lot value published
Lot #1AwardedRenewal
Delivery: London
Extensions: The contract requirements will be for three (3) years with the option for Pool Re to extend for a further two (2) x 12 month periods.Variant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
  • Price
Conditions of participation1
  • Technical & professional ability

    The service provider must have the necessary regulatory permissions to provide insurance broking services in the UK.

Procedure terms & legal framework

From the official record · publisher note attached
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes · 3 to 5 years
First published
21 Aug 2023, 09:10 BST
Last source update
8 Apr 2024, 14:47 BST
Award evaluation window
4 Oct 2023 – …
Authority reference
PRE00075
FTS notice number
2024/S 000-011283
Classification (CPV)
Insurance brokerage and agency services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-03f575 Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic payment

Publisher note: Supplier Registration: In order to access the opportunity please access Pool Re’s eSourcing Portal http://poolre.ukp.app.jaggaer.com/ and complete the Supplier Registration Ensure you Complete Registration Data by answering all required questions marked with an asterisk. To Access the ITTs – express an interest through the tab ITTs Open to All Suppliers, this will then move the ITT to My ITTs List. To express interest in Open Opportunities, please use ITTs Open to All Suppliers. Jaggaer Supplier Support/ Helpdesk Global Phone Number: https://www.jaggaer.com/support/phone-numbers/ Supplier Contact Form: https://www.jaggaer.com/submit-supplier-support-request/

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail

Tender documents are also served through a separate tool: http://poolre.ukp.app.jaggaer.com/ ↗

Submission deadline
4 Oct 2023, 14:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
180 days from the deadline
Bids opened
4 Oct 2023, 14:01 BST
Detailed submission instructions & authority contactsFrom official release

Timeline

4 Oct 2023 → 8 Apr 2024 · 3 dates
  1. Submission deadline
    4 Oct 2023, 14:00 BST
  2. Bids opened
    4 Oct 2023, 14:01 BST
  3. Notice published
    8 Apr 2024, 14:47 BST

Notice history

2 events · 2 releases on Find a Tender · since 8 Apr 2024
  1. Status changed to complete
    8 Apr 2024, 14:47 BST
  2. Buyer details updated
    8 Apr 2024, 14:47 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £453,1911 contract exc. VAT
Bids received 2
Contracts signed 1latest 13 Feb 2024
Awarded toValueDateStatus
Marsh LtdCorporate Insurance Broker£453,191 †—Awarded

Contracts

  • Corporate Insurance Broker · Marsh Ltd

    Signed
    13 Feb 2024
    Value
    £453,191
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

2 public bodies on the notice

Pool Re Services Limited

Contracting authorityPublic bodyBody governed by public lawEconomic affairs Equitable House, 47 King William St, London, London, EC4R 9AFContact name, email

Consortium members and other public bodies

  • Pool Reinsurance Company LimitedContracting authorityBody governed by public lawEconomic affairs London, LondonContact email Published organisation website ↗

Dispute resolution & review bodies

  • Royal Court of JusticeReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Marsh LimitedAwarded supplier 1 TOWER PLACE WEST, TOWER PLACE,, LONDON, London, EC3R 5BU

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria