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Published 22 Jun 2021, 15:45 BST

Official UK procurement notice

Insurance Broker Services · UK public procurement notice

Official notice

Authority: THAMES WATER UTILITIES LIMITED

Framework agreementServicesNegotiated procedure with prior call for competition
Sectors: Financial and insurance services (66) Delivery: London (UKI)South East (UKJ)
Framework ceiling (notional)£7,300,000framework ceiling, not attributable revenue
Submissions closed 6 Jul 2021awarded 25 Oct 2021

What is being bought

Published requirement description

The Insurance Broker Services project underpins all corporate insurance activity across the whole of Thames Water.

Thames Water is intending to appoint a single supplier to cover all of our core requirements

under a single lot:

a) Corporate insurance broker services

b) Claims handling

c) Data warehousing and reporting services

CPV: Insurance services

How this framework works

From the published notice
Places
up to 1 suppliers · 1 appointed (full)

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewalPublished value£7,300,000
Delivery: South East · The whole of the Thames Water region.
Extensions: Any agreement awarded would be for an initial duration of 4 years with options to extend annually up to a maximum overall term of 8 years. · Any agreement awarded would be for an initial duration of 4 years with options to extend annually up to a maximum overall term of 8 years.Second stage: up to 3 candidates invited to tenderVariant bids: allowed
66510000 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
Legal form for consortia
Consortia may be required to form a legal entity prior to award.
Shortlisting
As detailed in section VI.3 & PQQ.
What this means for your bid
  • “Insurance Broker Services” is a framework: the contest is a place on its panel, up to 1 suppliers, not a single contract.

Procedure terms & legal framework

From the official record · publisher note attached
Procedure method
Negotiated procedure with prior call for competition
Legal basis
CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/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
Yes
First published
22 Jun 2021, 15:45 BST
Last source update
15 Nov 2021, 12:36 GMT
Authority reference
FA1646
FTS notice number
2021/S 000-028456
Classification (CPV)
Insurance services
Delivery area
London (UKI)South East (UKJ)
Official registry OCID
ocds-h6vhtk-02bef8 Find a Tender
Contract terms summary

Specified in Invitation to Negotiate Document.

Contract terms
Electronic trading
e-invoicing allowed · electronic ordering · electronic payment
Review and risk notes
Review procedure

Thames Water Utilities Ltd will incorporate a standstill period at the point information on the award of the contract is communicated to tenderers. That notification will provide full information on the award decision.

The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into.

The Utilities Contracts Regulations 2016 provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland).

Publisher note: ** This is notification of award

How it was run

Official notice
Appointment period ends
6 Jul 2021, 12:00 BST
Submission channel
{"written"}
Accepted languages
en
Deposits and guarantees
Bonds and/or Parent Company Guarantees of performance and financial standing may be required.

Timeline

6 Jul 2021 → 15 Nov 2021 · 2 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    6 Jul 2021, 12:00 BST
  2. Notice published
    15 Nov 2021, 12:36 GMT

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    15 Nov 2021, 12:36 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 1admitted to the panel · see the list ↓
Contracts signed 1latest 25 Oct 2021

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

Contracts

  • Insurance Broker Services

    Signed
    25 Oct 2021
    Value
    —
    Status
    active

Contracting authority & participating public bodies

THAMES WATER UTILITIES LIMITED

Contracting authorityWater RG1 8DB, Reading, South East, RG18DBContact name, email Published organisation website ↗

Dispute resolution & review bodies

  • Thames Water Utilities LtdReview body Reading

Framework contractors & participating bidders

1 commercial party on the notice

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