Official UK procurement notice
Insurance Buildings and Business Interruption and Assoc Policies
Authority: University Of Edinburgh (Education)
What is being bought
Published requirement descriptionInsurance Buildings and Business Interruption and Assoc Policies
CPV: Insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Buildings and Business Interruption Insurance and Associated Policies Contract Works,…Awarded
Buildings and Business Interruption Insurance and Associated Policies Contract Works, Deterioration of Stock, Computer Equipment, Money
Procedure terms & legal framework
From the official record · publisher note attached- 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
- 6 Sept 2022, 11:21 BST
- Last source update
- 6 Sept 2022, 11:21 BST
- Authority reference
EC0962- FTS notice number
2022/S 000-024911- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03661aFind a Tender
- Why no open competition
Extreme urgency brought about by events unforeseeable for the contracting authority/entity and in accordance with the strict conditions stated in the directive
- Published justification
Please see additional information section for full explanation
Publisher note: The University gave prior publication of a call for competition in accordance with Regulation 33, however it did not do this via PCS. The prior publication for a call for competition was undertaken through the University’s Broker AJ Gallagher, to undertake an open market exercise to source terms. The same process with underwriters was undertaken as it would be for an exercise conducted under Public Contract Regulations. As such this tender was open to all insurance markets, and as such, the University believes that it has met its legal obligation to adequately advertise this contract opportunity. The University chose to use the market knowledge of its broker, AJ Gallagher, and take a more negotiated procedure approach as market knowledge indicated that it was unlikely that any one provider would be able to provide the cover that the University required, which was indeed the case. The resulting contract provides the university with layered cover from several different insurers/underwriters as follows: Lead Insurer AXA XL 30% Aviva 30% Berkshire Hathaway 20% CAN 10% Liberty 15% Under Annex D1 – General procurement, the option of extreme urgency has been selected. There were elements of urgency due to the sudden and unexpected withdrawal of the University's incumbent supplier from the HE sector. (SC Ref:705789)
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Arthur J. Gallagher (UK) Limited | £7,200,000 † | — | Awarded |
Contracts
Contract 024911-2022-EC0962-1 · Arthur J. Gallagher (UK) Limited
- Signed
- 31 Jul 2022
- Value
- £7,200,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic · 2 from abroad | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Edinburgh Sheriff CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- Arthur J Gallagher LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.