Official UK procurement notice
Insurance Cover · UK public procurement notice
Authority: Jobs and Business Glasgow
What is being bought6 lots · detail below
Published requirement descriptionJobs & Business Glasgow (JBG) requires the organisation's assets and activities to be adequately covered by insurance provided by reputable and regulated insurers. Any subsidiary company of JBG must also be covered.
- Recurrence: Approximately 3-4 months before the end of this contract (including any applicable extension).
CPV: Damage or loss insurance services · Engineering insurance services · General liability insurance services · Insurance services · Liability insurance services · Professional liability insurance services · Property insurance services
Lots and requirements (6)Procurement structure
6 lots · no lot values publishedLot #1Material Damage and Business InterruptionRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
Lot #2Casualty including Employers and Public/Products LiabilityRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
Lot #3Excess LayerRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
Lot #4Professional IndemnityRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
Lot #5Management LiabilityRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
Lot #6Engineering InspectionRenewal
As stated in the procurement documents. Additional information: The preferred contract award period is for 3 years with the option to extend for a further year (3 plus 1). Jobs & Business Glasgow will however consider alternative rating stability options, with a minimum initial award period of 2 years and the option to extend up to a total of 4 years (2 plus 1 plus 1).
What it takes to wini
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 morei
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).
- Suitability
Submissions will only be accepted from bidders who are insurers regulated by the Financial Conduct Authority (FCA) to underwrite insurance business in the UK.
- Economic & financial standing
Credit Rating: Bidders must be rated at least “A minus (-)” with Standard & Poor's or equivalent rating with another ratings provider.
Insurance: Bidders must hold, or commit to obtain prior to the commence of any subsequently awarded contract, the types and levels of insurance stated in the Contract Notice.
Minimum: Credit Rating: Rated at least “A minus (-)” with Standard & Poor's or equivalent rating with another ratings provider. Insurance: Employer’s (Compulsory) Liability Insurance = 5,000,000 (five million) GBP; Public Liability Insurance = 10,000,000 (ten million) GBP; and Professiona…
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · Approximately 3-4 months before the end of this contract (including any applicable extension).
- First published
- 17 Jun 2022, 13:12 BST
- Last source update
- 17 Jun 2022, 13:12 BST
- Authority reference
JBG22012- FTS notice number
2022/S 000-016675- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0347c8Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
- Performance terms
The Insurer(s) shall be required to enter a tripartite relationship with the Contracting Authority and its Insurance Broker.
Publisher note: NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=697163. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. (SC Ref:697163) Download the ESPD document here: https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=697163
How it was run
Official notice- Submission deadline
- 18 Jul 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
17 Jun 2022 → 3 Oct 2022 · 4 dates- Notice published17 Jun 2022, 13:12 BST
- Submission deadline18 Jul 2022, 12:00 BST
- Invitations to tender expected25 Jul 2022, 00:00 BST
- Bids must remain valid until3 Oct 2022, 23:59 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Glasgow Sheriff CourtReview body
Official documents & specifications (1)
Official links; attachments are not copiedTender pack and attachments
- Technical selection criteria