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Published 6 Jun 2022, 16:05 BST

Official UK procurement notice

Insurance Broker · UK public procurement notice

Official notice

Authority: Northern Education Trust (Public body)·Consortium: 2 public authorities

Framework agreementServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: UKEast of England (UKH23)
Framework ceiling (notional)£150,000framework ceiling, not attributable revenue
Submissions closed 29 Jul 2022awarded 22 Jul 2022

What is being bought

Published requirement description

The goal of this ITT is to provide Northern Education Trust with all of the details necessary to select a cost-effective and robust insurance brokerage service that supports our existing and future business volume and processes. In summary the insurance brokerage service will include provision of day-to-day operations. It is important that you are able to demonstrate capabilities and relationship potential for both the Trust and academies.

3 year contract proposed with potential to extend for a further 1 year dependant on service achievement.

CPV: Financial and insurance services

How this framework works

From the published notice
Places
up to 1 suppliers · 3 bids received (3.0 per place) · 1 appointed (full)

The lotProcurement structure

single lot · value published
Lot #1AwardedPublished value£150,000
Delivery: UK, East of England · UNITED KINGDOM
Variant bids: not allowed

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
Quality: 80Price: 40
Published sub-criteria (3)
  • Quality: 80
  • Price: 20
  • price: 20
Published award criteria (3)
  • Quality: 80
  • Price: 20
  • Price: 20
What this means for your bid
  • Price carries 40 of 120 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
  • “Insurance Broker” is a framework: the contest is a place on its panel, up to 1 suppliers, 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 · publisher note attached
Procedure method
Open 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
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
6 Jun 2022, 16:05 BST
Last source update
1 Aug 2022, 10:05 BST
Award evaluation window
29 Jul 2022 – …
FTS notice number
2022/S 000-020914
Classification (CPV)
Financial and insurance services
Delivery area
UKEast of England (UKH23)
Official registry OCID
ocds-h6vhtk-03435d Find a Tender
Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment

Publisher note: To view this notice, please click here: https://net.delta-esourcing.com/delta/viewNotice.html?noticeId=709905338 GO Reference: GO-202281-PRO-20712343

How it was run

Official notice
Appointment period ends
29 Jul 2022, 17:00 BST
Submission channel
{"written"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
29 Jul 2022, 17:00 BST

Timeline

29 Jul 2022 → 1 Aug 2022 · 3 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    29 Jul 2022, 17:00 BST
  2. Bids opened
    29 Jul 2022, 17:00 BST
  3. Notice published
    1 Aug 2022, 10:05 BST

Notice history

2 events · 2 releases on Find a Tender · since 1 Aug 2022
  1. Status changed to complete
    1 Aug 2022, 10:05 BST
  2. Buyer details updated
    1 Aug 2022, 10:05 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 1admitted to the panel · see the list ↓
Bids received 3
Contracts signed 1latest 22 Jul 2022

1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

  • Contract 020914-2022-1

    Signed
    22 Jul 2022
    Value
    £140,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids———

Contracting authority & participating public bodies

2 public bodies on the notice

Northern Education Trust

Contracting authorityPublic bodyEducation SectorEducation Talbot Street, Stockton-on-Tees, UK, TS20 2AYContact email, phone

Consortium members and other public bodies

Dispute resolution & review bodies

  • B3 Living LtdReview body HoddesdonContact email
  • Royal Courts of JusticeMediation body London

Framework contractors & participating bidders

1 commercial party on the notice
  • Towergate InsuranceFramework contractor4043759 2 Minister Court, Mincing Lane, London, UK, EC3R 7PD

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