Council Insurance Premiums · UK public procurement notice

Official notice

Authority: Isle of Wight NHS Trust (Central government)

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: South East (UKJ34)

Awarded value£1,557,4364 contracts · exc. VAT

Awarded 25 Jun 2024no call for competition

Awarded to Travelers UK +3 more8 awards

What is being bought

Published requirement description

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums).

CPV: Insurance services

The lotProcurement structure

single lot · no lot value published

Lot #1Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums)Awarded

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47.

Delivery: South East

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 12 Jun 2024, 13:40 BST
Last source update: 25 Jun 2024, 11:08 BST
Authority reference: DN722511
FTS notice number: 2024/S 000-019393
Classification (CPV): Insurance services
Delivery area: South East (UKJ34)
Official registry OCID: ocds-h6vhtk-046f6a Find a Tender

Why no open competition: The works, supplies or services can be provided only by a particular economic operator due to absence of competition for technical reasons
Published justification: The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement. This only came to light after the contract had ended last year so we were unable to modify it before it expired. The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47. It should be noted that premiums are paid via our Broker - Marsh Ltd.
A VEAT was published and the Authority observed a 10 day standstill period that ended at midnight on 24 June 2024.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 8

Awarded value £1,557,4364 contracts exc. VAT · 4 repeated publications of the same award counted once

Bids received 1

Contracts signed 8latest 25 Jun 2024

Awarded to	Value	Date	Status
Travelers UK	£874,440 †same award published again · counted once	—	Awarded
QBE	£512,642 †same award published again · counted once	—	Awarded
Navigators and General	£49,927 †same award published again · counted once	—	Awarded
Allianz	£120,426 †same award published again · counted once	—	Awarded
Travelers UK	£874,440 †	—	Awarded
QBE	£512,642 †	—	Awarded
Navigators and General	£49,927 †	—	Awarded
Allianz	£120,426 †	—	Awarded

Contracts

Contract 019393-2024-1 · Travelers UK
Signed
25 Jun 2024
Value
£874,440
Status
active
Contract 019393-2024-2 · QBE
Signed
25 Jun 2024
Value
£512,642
Status
active
Contract 019393-2024-3 · Navigators and General
Signed
25 Jun 2024
Value
£49,927
Status
active
Contract 019393-2024-4 · Allianz
Signed
25 Jun 2024
Value
£120,426
Status
active
Contract 018183-2024-1 · Travelers UK
Signed
5 Jun 2024
Value
£874,440
Status
active
Contract 018183-2024-2 · QBE
Signed
5 Jun 2024
Value
£512,642
Status
active
Contract 018183-2024-3 · Navigators and General
Signed
5 Jun 2024
Value
£49,927
Status
active
Contract 018183-2024-4 · Allianz
Signed
5 Jun 2024
Value
£120,426
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

Isle of Wight Council

Contracting authorityCentral GovernmentRegional or local authorityGeneral public services County Hall, High Street, Newport, South East, PO30 1UDContact name, email, phone

Dispute resolution & review bodies

The High Court of England and WalesReview body London

Bidders & participating suppliers

4 commercial parties on the notice

AllianzAwarded supplier 57 Ladymead, Guildford, South East, GU1 1DB
Navigators and GeneralAwarded supplier Brighton – via PO Box 3707, Swindon, South East, SN4 4AX
QBEAwarded supplier via RMP – 68 Lombard Street, London, South East, EC3V 9LJ
Travelers UKAwarded supplier 61-63 London Road, Redhill, South East, RH1 1NA

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.