Official UK procurement notice
Captive Insurance Management Services
Authority: Network Rail Insurance Limited (Public body)
What is being bought
Published requirement descriptionThe 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
CPV: Insurance brokerage and agency services
The lotProcurement structure
single lot · no lot value publishedLot #1Captive Insurance Management ServicesPlanned
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
Procedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Past planning notice
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 6 Jan 2021, 23:08 GMT
- Last source update
- 6 Jan 2021, 23:08 GMT
- FTS notice number
2021/S 000-000235- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-028831Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
6 Jan 2021 → 15 Sept 2021 · 2 dates- Notice published6 Jan 2021, 23:08 GMT
- Tender notice expected15 Sept 2021, 00:00 BST
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.