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Published 7 Oct 2021, 13:28 BST

Official UK procurement notice

Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Official notice

Authority: Worcestershire County Council (Local council)

Dynamic market4 lotsServicesRestricted procedure
Sectors: Financial and insurance services (66) Delivery: UK
Dynamic market estimateValue not publishedmarket-wide estimate, not attributable revenue
Awarded 10 Sept 2021
Lots 4see the lot list below

What is being bought4 lots · detail below

Published requirement description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Material Damage, Computers, Contract Works, Money, All Risks, Fidelity Guarantee, Motor, Personal Accident & Travel excluding broker services and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 29th September 2021.

This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

CPV: Financial and insurance services · Insurance services

Lots and requirements (4)Procurement structure

4 lots · no lot values published · same evaluation weights on every lot
Shared scope across all lots

Applies to lots 1, 2, 3, 4.

Further competition under Insurance Placement DPS 978 for Worcestershire County Council and their appointed Insurance Broker - Marsh

Lot #1Material Damages, business interruption and contracts all risk policiesAwarded
Delivery: UK
Extensions: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.
66000000 Financial and insurance services
Lot #2Fidelity GuaranteeCancelled
Delivery: UK
Extensions: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.
66000000 Financial and insurance services
Lot #3Motor insurance policiesAwarded
Delivery: UK
Extensions: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.
66000000 Financial and insurance services
Lot #4Personal accident and TravelCancelled
Delivery: UK
Extensions: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months) plus 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.
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 4 lots
Quality: 30%Price: 70%
Published award criteria (2)
  • Quality: 30
  • Price: 70
What this means for your bid
  • Price carries 70 of 100 points: a 10% discount moves about 7 points. This one is won on the number: sharpen the price before polishing the prose.
  • “Further competition under Insurance Placement DPS 978 for…” is a dynamic market: the contest is a place on its panel, not a single contract.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Restricted 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
Dynamic market
Who may use this agreement
Any qualifying supplier may apply while the market is open
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Unspecified in notice
First published
7 Oct 2021, 13:28 BST
Last source update
7 Oct 2021, 13:28 BST
Authority reference
DN551366
FTS notice number
2021/S 000-025044
Classification (CPV)
Financial and insurance servicesInsurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02e942 Find a Tender

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 3admitted to the panel · see the list ↓
Bids received 6
Contracts signed 3latest 10 Sept 2021

3 suppliers are admitted to this dynamic market without individual award values or dates, see the supplier list below.

Contracts

  • Contract 025044-2021-1-1

    Signed
    10 Sept 2021
    Value
    £969,897
    Status
    active

  • Contract 025044-2021-2-2

    Signed
    10 Sept 2021
    Value
    £390,000
    Status
    active

  • Contract 025044-2021-3-3

    Signed
    10 Sept 2021
    Value
    £58,089
    Status
    active

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Material Damages, business interruption and contracts all risk policies6bids———
3 · Motor insurance policies6bids———
Whole notice6bids———

Contracting authority & participating public bodies

Worcestershire County Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services County Hall, Spetchley Road, Worcetser, UK, WR5 2NPContact name, email, phone

Dispute resolution & review bodies

  • The High Court of England and WalesReview body London

Suppliers admitted to the dynamic market

3 commercial parties on the notice
  • Maven Public SectorAdmitted to the market The Leadenhall Building, 122 Leadenhall Street,, London, UK, EC3V 4ANContact email, phone
  • Volante International Ltd T/A Edison MotorAdmitted to the market The Minister Building, 6th Floor, London, UK, EC3R 7AGContact email, phone
  • Zurich MunicipalAdmitted to the market The Zurich Centre, 3000 Parkway, Whiteley, Fareham, UK, PO15 7JZContact email, phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.