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plannedFind a Tender · planning

Captive Insurance Management Services

Buyer: Network Rail Insurance Limited →

BuyerNetwork Rail Insurance Limited
Statusplanned
DeadlineNot published
Value£1,800,000
Published6 Jan 2021

What is being bought

The Captive is Network Rail Insurance Limited . A summary of the Captive Insurance Management Services is as follows: Finance Underwriting Claims Governance Administration Compliance Financial Crime Data Protection Company Secretarial

Delivery location

UKZZZ

Categories

Insurance brokerage and agency services 66518000Insurance brokerage and agency services 66518000

Lot details

Lot 1

Captive Insurance Management Services. A summary of the Captive Insurance Management Services is as follows: Finance Underwriting Claims Governance Administration Compliance Financial Crime Data Protection Company Secretarial This Captive is governed by the Guernsey Financial Services Corporation and the contract will be in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002 and all regulations, codes and rules. Additional information: Total contract value is estimated at £1.8m. This is calculated as follows; Estimated spend is £360,000.00 per annum. Spend for the three-year contract period is £1,080,000 When including +1+1 options to extend, the contract value is estimated as £1.8m

Statusplanned

What is included

ItemCategoryQuantity
1Insurance brokerage and agency servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Insurance brokerage and agency services (66518000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,186 of 2,758 with a bid count)2.5 average (1,318 of 2,758 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UKZZZ0Not publishedNot publishedNot published
Similar published value (0.5×–2×)2087.5 median · 7.5 average (2 of 208 with a bid count)2.5 average (2 of 208 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-028831
Latest release ID000235-2021
Latest release timestampWed Jan 06 2021 23:08:05 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusplanned
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender value£1,800,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
6 Jan 2021planning000235-2021

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "000235-2021",
  "tag": [
    "planning"
  ],
  "date": "2021-01-06T23:08:05Z",
  "ocid": "ocds-h6vhtk-028831",
  "buyer": {
    "id": "GB-FTS-579",
    "name": "Network Rail Insurance Limited"
  },
  "tender": {
    "id": "ocds-h6vhtk-028831",
    "lots": [
      {
        "id": "1",
        "status": "planned",
        "description": "Captive Insurance Management Services.\nA summary of the Captive Insurance Management Services is as follows:\nFinance \nUnderwriting \nClaims \nGovernance\nAdministration\nCompliance\nFinancial Crime\nData Protection\nCompany Secretarial\nThis Captive is governed by the Guernsey Financial Services Corporation and the contract will be in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002 and all regulations, codes and rules. Additional information: Total contract value is estimated at £1.8m. This is calculated as follows;\nEstimated spend is £360,000.00 per annum. \nSpend for the three-year contract period is £1,080,000\nWhen including +1+1 options to extend, the contract value is estimated as £1.8m"
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKZZZ"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66518000",
            "scheme": "CPV",
            "description": "Insurance brokerage and agency services"
          }
        ]
      }
    ],
    "title": "Captive Insurance Management Services",
    "value": {
      "amount": 1800000,
      "currency": "GBP"
    },
    "status": "planned",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Captive is Network Rail Insurance Limited .\nA summary of the Captive Insurance Management Services is as follows:\nFinance \nUnderwriting \nClaims \nGovernance\nAdministration\nCompliance\nFinancial Crime\nData Protection\nCompany Secretarial",
    "communication": {
      "futureNoticeDate": "2021-09-15T00:00:00+01:00"
    },
    "classification": {
      "id": "66518000",
      "scheme": "CPV",
      "description": "Insurance brokerage and agency services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-579",
      "name": "Network Rail Insurance Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKZ",
        "locality": "Guernsey",
        "postalCode": "GY14AT",
        "countryName": "United Kingdom",
        "streetAddress": "Maison Trinity, Trinity Square, St Peter Port, Guernsey GY14AT"
      },
      "details": {
        "url": "https://networkrail.bravosolution.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Network Rail Insurance Limited"
      },
      "contactPoint": {
        "name": "Michelle.Buckle@networkrail.co.uk",
        "email": "Michelle.Buckle@networkrail.co.uk",
        "telephone": "+44 1908781000"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
6 Jan 2021 · 000235-2021 · planning
{
  "id": "000235-2021",
  "tag": [
    "planning"
  ],
  "date": "2021-01-06T23:08:05Z",
  "ocid": "ocds-h6vhtk-028831",
  "buyer": {
    "id": "GB-FTS-579",
    "name": "Network Rail Insurance Limited"
  },
  "tender": {
    "id": "ocds-h6vhtk-028831",
    "lots": [
      {
        "id": "1",
        "status": "planned",
        "description": "Captive Insurance Management Services.\nA summary of the Captive Insurance Management Services is as follows:\nFinance \nUnderwriting \nClaims \nGovernance\nAdministration\nCompliance\nFinancial Crime\nData Protection\nCompany Secretarial\nThis Captive is governed by the Guernsey Financial Services Corporation and the contract will be in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002 and all regulations, codes and rules. Additional information: Total contract value is estimated at £1.8m. This is calculated as follows;\nEstimated spend is £360,000.00 per annum. \nSpend for the three-year contract period is £1,080,000\nWhen including +1+1 options to extend, the contract value is estimated as £1.8m"
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKZZZ"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66518000",
            "scheme": "CPV",
            "description": "Insurance brokerage and agency services"
          }
        ]
      }
    ],
    "title": "Captive Insurance Management Services",
    "value": {
      "amount": 1800000,
      "currency": "GBP"
    },
    "status": "planned",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The Captive is Network Rail Insurance Limited .\nA summary of the Captive Insurance Management Services is as follows:\nFinance \nUnderwriting \nClaims \nGovernance\nAdministration\nCompliance\nFinancial Crime\nData Protection\nCompany Secretarial",
    "communication": {
      "futureNoticeDate": "2021-09-15T00:00:00+01:00"
    },
    "classification": {
      "id": "66518000",
      "scheme": "CPV",
      "description": "Insurance brokerage and agency services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-579",
      "name": "Network Rail Insurance Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKZ",
        "locality": "Guernsey",
        "postalCode": "GY14AT",
        "countryName": "United Kingdom",
        "streetAddress": "Maison Trinity, Trinity Square, St Peter Port, Guernsey GY14AT"
      },
      "details": {
        "url": "https://networkrail.bravosolution.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "01",
            "scheme": "COFOG",
            "description": "General public services"
          }
        ]
      },
      "identifier": {
        "legalName": "Network Rail Insurance Limited"
      },
      "contactPoint": {
        "name": "Michelle.Buckle@networkrail.co.uk",
        "email": "Michelle.Buckle@networkrail.co.uk",
        "telephone": "+44 1908781000"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}