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Published 5 Oct 2021, 16:37 BST

Official UK procurement notice

935/2021 Property and Liability Insurances

Official notice

Authority: London Borough of Croydon (Local council)·Consortium: 14 public authorities

3 lotsServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: London (UKI)
Published estimate£35,000,000total for 3 lots
Submissions closed 12 Nov 2021awarded 14 Mar 2022
Awarded to PROTECTOR INSURANCE (UK) +2 more3 awards

What is being bought3 lots · detail below

Published requirement description

Property, Terrorism and Liability Insurances

Croydon Council on behalf of London Insurance Consortium

(ILC)

  • Recurrence: Approximately 24 months to 36 months after the contract award, depending on whether extension periods are taken up

CPV: Financial and insurance services · Insurance services · Liability insurance services · Property insurance services

Lots and requirements (3)Procurement structure

3 lots · no lot values published · same evaluation weights on every lot
Lot #1Property InsuranceAwardedRenewal

Property, Terrorism and Liability Insurances

Delivery: London · LB Camden, LB Croydon, LB Haringey, LB Harrow, LB Islington, LB Lambeth, LB Sutton, and LB Tower Hamlets. Royal Borough of Kingston-upon-Thames
Extensions: There is the option to extend the contract for a period of up to 2 years upon expiry of the initial 3 year contract term in 12 month periods. · Renewals will be considered leading up to the expiry of the initial term. A provision for up to 24 month extension will be included in the contract.Variant bids: not allowed
66510000 Insurance services66515200 Property insurance services
Lot #2TerrorismAwardedRenewal

Corporate Property, Terrorism and Casualty insurance

Delivery: London · LB Camden, LB Croydon, LB Haringey, LB Harrow, LB Islington, LB Lambeth, LB Sutton, and LB Tower Hamlets. Royal Borough of Kingston-upon-Thames
Extensions: There is the option to extend the contract for a period of up to 2 years upon expiry of the initial 3 year contract term in 12 month periods. · Renewals will be considered leading up to the expiry of the initial term. A provision for up to 24 month extension will be included in the contract.Variant bids: not allowed
66516000 Liability insurance services
Lot #3CasualtyAwardedRenewal

Corporate Property, Terrorism and Casualty insurance

Delivery: London · LB Camden, LB Croydon, LB Haringey, LB Harrow, LB Islington, LB Lambeth, LB Sutton, and LB Tower Hamlets. Royal Borough of Kingston-upon-Thames
Extensions: There is the option to extend the contract for a period of up to 2 years upon expiry of the initial 3 year contract term in 12 month periods. · Renewals will be considered leading up to the expiry of the initial term. A provision for up to 24 month extension will be included in the contract.Variant bids: not allowed
66000000 Financial and insurance services

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 · same split on all 3 lots
Quality: 40%Price: 60%
Published award criteria (2)
  • Quality: 40
  • Price: 60
Conditions of participation2
  • Suitability

    Tenderers must be in a sound financial position to participate in a procurement of this size. This means that all bidders must be able to demonstrate Standard and Poors rating of ‘A’ or provide confirmation that they are a market approved by Aon’s security committee.

    Where a quotation for Lot 2 has been provided by a Broker, we will expect that Broker to confirm that the markets they are recommending have been approved by their own security committee.

    Technical and professional ability will be detailed in the tender documents.

  • Technical & professional ability

    Tenders are requested from Insurers registered with the FCA to underwrite the classes of insurance required

What this means for your bid
  • Price carries 60 of 100 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 · publisher note attached
Procedure method
Open procedure
Legal basis
CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/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 · Approximately 24 months to 36 months after the contract award, depending on whether extension periods are taken up

First published
5 Oct 2021, 16:37 BST
Last source update
4 Nov 2022, 14:33 GMT
Award evaluation window
12 Nov 2021 – …
Authority reference
DN573546
FTS notice number
2022/S 000-031252
Classification (CPV)
Financial and insurance servicesInsurance servicesLiability insurance servicesProperty insurance services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-02e852 Find a Tender

Publisher note: The Council reserves the right, subject to the provisions of the Public Contracts Regulations 2015 to change without notice the basis of any part of the procurement process or to cancel the procurement at any time and not to proceed with the award of any contract at any stage of the procurement process. If you wish to register an interest in this contract please register your company free of charge via https://www.londontenders.org/procontract/supplier.nsf/frm_home?openForm Await acceptance. You will receive an email confirming your username and password. Use your username and password to log into the London Tenders Portal and register your interest in this contract. Shortly after you have registered your interest, you will receive a second email containing a link to access the Tender Documentation. All questions and queries regarding the procurement must be posed via the London Tenders Portal. Tenders may be submitted at any time before the closing date.

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
12 Nov 2021, 12:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
12 Nov 2021, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

www.londontenders.org.uk ↗

Timeline

12 Nov 2021 → 4 Nov 2022 · 4 dates
  1. Submission deadline
    12 Nov 2021, 12:00 GMT
  2. Bids opened
    12 Nov 2021, 12:00 GMT
  3. Bids must remain valid until
    1 Apr 2022, 23:59 BST
  4. Notice published
    4 Nov 2022, 14:33 GMT

Notice history

2 events · 3 releases on Find a Tender · since 4 Nov 2022
  1. Status changed to complete
    4 Nov 2022, 13:35 GMT
  2. Buyer details updated
    4 Nov 2022, 13:35 GMT
Published amendments (1 · 0 deadline changes)
WhenWhatBeforeAfterShift
—TextTotal value of the procurement (excluding VAT) · II.1.7Lowest offer: £1,768,257 / Highest offer: £2,947,095 taken into considerationValue excluding VAT: £2,947,095
—TextTotal value of the procurement (excluding VAT) · V.2.4Lowest offer: £531,489 / Highest offer: £885,815 taken into consideration—
—TextTotal value of the procurement (excluding VAT) · V.2.4Lowest offer: £83,475 / Highest offer: £139,125 taken into consideration—
—TextTotal value of the procurement (excluding VAT) · V.2.4Lowest offer: £1,153,293 / Highest offer: £1,922,155 taken into consideration—

1 amendment published without a description.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 3
Bids received 12
Contracts signed 3latest 14 Mar 2022
Awarded toValueDateStatus
Lot 1 · Property Insurance1 award
PROTECTOR INSURANCE (UK)——Awarded
Lot 2 · Terrorism1 award
Charles Taylor ConsultingTerrorism Insurance——Awarded
Lot 3 · Casualty1 award
Zurich Municipal——Awarded

Contracts

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Property Insurance3bids · 3 electronic0—£531,489 – £885,815
2 · Terrorism5bids · 5 electronic0—£83,475 – £139,125
3 · Casualty4bids · 4 electronic0—£1,153,293 – £1,922,155
Whole notice———£1,768,257 – £2,947,095

Contracting authority & participating public bodies

10 public bodies on the notice

Croydon Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Bernard Weatherill House, 8 Mint Walk, Croydon, London, CR0 1EAContact name, email, phone

Consortium members and other public bodies

Dispute resolution & review bodies

  • London Borough of CroydonReview body CroydonContact email

Bidders & participating suppliers

3 commercial parties on the notice

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