Official UK procurement notice
22006 Milton Keynes Leaseholders Insurance 2022
Authority: Milton Keynes Council (Local council)
What is being bought
Published requirement descriptionCambridgeshire Insurance wishes to invite tenders for the supply of services in respect of Milton Keynes Council Leaseholders Insurance as detailed within the tender documentation.
Arthur J Gallagher has been selected to assist in the tender of Milton Keynes Council Leaseholder Insurance Programme. Please note that this does not stop other entities of Arthur J. Gallagher bidding from any of lots detailed in this notice.
Please note that Insurance brokers are not permitted to bid for this procurement.
- Recurrence: The potential of up 5 years time depending on market conditions, authorities operating model at the time as to whether Insurance is required and whether contract extensions are taken.
CPV: Financial and insurance services · Property insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Leaseholders Insurance for Milton Keynes CouncilAwardedRenewal
What it takes to wini
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 morei
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).
Published sub-criteria (4)
- Cover: 25%
- Underwriting and Policy Management: 5%
- Claims Management: 5%
- price: 60%
Published award criteria (4)
- Cover: 25
- Underwriting and Policy Management: 5
- Claims Management: 5
- Price: 60
- Suitability
Applicants must be FCA registered.
This tender is open only to insurance companies regulated by the Financial Services and Market Act 2000, Insurance Companies Act 1982 and any other statutory modifications thereof.
- Economic & financial standing
All bidders should hold a standard and poor's (or equivalent rating agency) rating of BBB+ or better.
- Technical & professional ability
Self-certify that you have of experience of providing insurance cover for the public sector is and/or experience with providing cover for complex commercial organisations.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 60 of 95 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- 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 · The potential of up 5 years time depending on market conditions, authorities operating model at the time as to whether Insurance is required and whether contract extensions are taken.
- First published
- 28 Jun 2022, 15:22 BST
- Last source update
- 5 Oct 2022, 11:30 BST
- Award evaluation window
- 29 Jul 2022 – …
- Authority reference
DN609664- FTS notice number
2022/S 000-027949- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-034b92Find a Tender
- Review procedure
The Authority will incorporate a minimum 10 calendar days standstill period at the point information on the award of the contract is communicated to tenderers. The duration of this standstill will be disclosed at this point.
This period allows unsuccessful tenderers to seek further debriefing from the Contracting Authority before the contract is entered into. Such additional information should be required from (Refer to address in Part 1.1). If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts Regulations 2015 (Chapter 6) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be brought promptly. Where a contract has not been entered into the Court may order the setting aside of the
award decision or order the authority to amend any document and may award damages. If the contract has been entered into the Court may order the ineffectiveness of a contract where serious breach have occurred in addition to any fine, the Court may instead provide for alternative penalties, either contract shortening, fines or both.
The Authority have invested in an e-tendering tool in order to facilitate its tendering processes in a compliant and transparent manner.
Potential Providers will need to register an account via the “Procontract Portal” at procontract.due-north.com/Register ↗ before being able to view the full tender details.
In order to access the tender documentation, click “Find Opportunities”, then on the drop-down menu, filter by “Cambridgeshire Public Services” by clicking on “Update” to find the relevant opportunity or alternatively within the organisations drop down select Cambridgeshire County Council to also find the relevant opportunity.
Please ensure that you read the tender documents carefully in order to be aware of the requirements and relevant deadlines.
The Council reserves the right to award all, part or none of the business forming the subject matter of this procurement and to abandon, halt, pause, or postpone this procurement at any time. Under no circumstances will the Council incur any liability (including, but not limited to, liability as to costs) in respect of this procurement exercise, the abandonment of the same, or any documentation issued as part of this procurement exercise.
How it was run
Official notice- Submission deadline
- 29 Jul 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 29 Jul 2022, 12:00 BST
Timeline
29 Jul 2022 → 5 Oct 2022 · 3 dates- Submission deadline29 Jul 2022, 12:00 BST
- Bids opened29 Jul 2022, 12:00 BST
- Notice published5 Oct 2022, 11:30 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete5 Oct 2022, 11:30 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Aspen Insurance UK Ltd | £2,136,160 † | — | Awarded |
Contracts
22006 Milton Keynes Leaseholders Insurance 2022 · Aspen Insurance UK Ltd
- Signed
- 30 Sept 2022
- Value
- £2,136,160
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Mrs Clare EllisReview body
- Royal Courts of JusticeMediation body
Bidders & participating suppliers
1 commercial party on the notice- Aspen Insurance UK LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.