Insurance services contract extension

CPV: Financial and insurance services

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

15 Dec 2022, 16:07 GMT

Last source update

15 Dec 2022, 16:07 GMT

FTS notice number

2022/S 000-035558

Classification (CPV)

Financial and insurance services

Delivery area

North West (UKD)

Official registry OCID

ocds-h6vhtk-03919f Find a Tender

Why no open competition

The procurement falls outside the scope of application of the directive

Published justification

Plus Dane wishes to extend its existing insurance services contract with its incumbent insurance provider, Marsh Limited, for a period of 2 years to take advantage of the commercially advantageous rates being offered by Marsh. The period of the extension will run from 30 November 2023 to 30 November 2025.

Plus Dane is of the view that it is entitled to award this contract extension to Marsh pursuant to Regulation 72(1)(b) of the Public Contracts Regulations 2015, on the following basis:

1. There is a clear economic reason why an alternative insurance provider should not be appointed to provide the services during the extension period instead of Marsh. This being the commercially advantageous rates that Marsh are prepared to offer Plus Dane for the extension period;
2. To appoint another insurance provider would therefore cause substantial duplication of costs for Plus Dane. It would also cause it significant inconvenience; and
3. The value of the proposed 2 year extension (£1,370,872) is no more than 50% of the total value of the original contract.

Publisher note: Plus Dane intends to enter into the contract extension referred to in this notice following a minimum 10 day calendar day standstill period starting on the day after this notice is published in the UK Find a Tender Service. The Public Contracts Regulations 2015 (SI 2015 No 102) (as amended) (the Regulations) provide for aggrieved parties who have been harmed or who are at risk of harm by a breach of the Regulations to bring proceedings in the High Court. Any such proceedings must be brought within the limitation period specified by the Regulations according to the remedy sought.

• Marsh LimitedAwarded supplierGB-COH: Companies House 1 Tower Place West, Tower Place, London, London, EC3R 5BUContact name, emailShow contact details

No document links were published on the notice.