Find a TenderAwarded
Published 28 Jun 2022, 15:22 BST

Official UK procurement notice

22006 Milton Keynes Leaseholders Insurance 2022

Official notice

Authority: Milton Keynes Council (Local council)

ServicesOpen procedure
Published estimate£2,200,000exc. VAT2.9% below published estimate
Submissions closed 29 Jul 2022awarded 30 Sept 2022
Awarded to Aspen Insurance UK Ltd

What is being bought

Published requirement description

Cambridgeshire 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 published
Lot #1Leaseholders Insurance for Milton Keynes CouncilAwardedRenewal
Delivery: South East
Extensions: The Authority is looking for a initial long term agreement of three years with option to extend for up to two further years.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
Quality: 35%Price: 60%
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
Conditions of participation3
  • 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
What this means for your bid
  • 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)
Financial and insurance servicesProperty insurance services
Delivery area
South East (UKJ12)
Official registry OCID
ocds-h6vhtk-034b92 Find a Tender
Review and risk notes
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
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
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
Detailed submission instructions & authority contactsFrom official release

Timeline

29 Jul 2022 → 5 Oct 2022 · 3 dates
  1. Submission deadline
    29 Jul 2022, 12:00 BST
  2. Bids opened
    29 Jul 2022, 12:00 BST
  3. Notice published
    5 Oct 2022, 11:30 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    5 Oct 2022, 11:30 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £2,136,1601 contract exc. VAT
Bids received 2
Contracts signed 1latest 30 Sept 2022
Awarded toValueDateStatus
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

BidsSMEVCSEValid bid range
2bids · 2 electronic———

Contracting authority & participating public bodies

Milton Keynes Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Civic Offices, 1 Saxon Gate East, Milton Keynes, South East, MK9 3EJContact name, email Published organisation website ↗

Dispute resolution & review bodies

  • Mrs Clare EllisReview body HuntingdonContact email
  • Royal Courts of JusticeMediation body London

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.