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complete
Official procurement procedure
Insurance Services - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility
Insurance services
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: CENTRE FOR PROCESS INNOVATION LIMITED: "Insurance Services - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | CENTRE FOR PROCESS INNOVATION LIMITED | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: CENTRE FOR PROCESS INNOVATION LIMITED
Market Analytics
Derived from OCDS awards & bid statistics
Published history for CENTRE FOR PROCESS INNOVATION LIMITED. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
2.1Bids / Report
Supplier ConcentrationHigh Concentration
JBA Engineering LimitedTop vendor: 55.7% of attributable valuePayment Terms
Check noticePublished terms
Coverage: 121 active published awards; 53 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
| Supplier Name | Historic Awards | Attributable GBP Value |
|---|---|---|
| JBA Engineering Limited | 1 win | £69,829 |
| BMM Weston Limited | 1 win | £55,425 |
Procedure terms
Contracting AuthorityCENTRE FOR PROCESS INNOVATION LIMITED | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published23 Aug 2024, 15:08 BST | Last source update23 Aug 2024, 15:08 BST | Recurring procurementNot published |
ClassificationInsurance services | ||
Delivery area | ||
OCIDocds-h6vhtk-0493b4 | ||
What is being bought
Renewal of Insurance Policies - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility.
What changed
From the official release history
- Status changed to complete
23 Aug 2024, 15:08 BST - Official notice release published
23 Aug 2024, 15:08 BST - Buyer information updated
23 Aug 2024, 15:08 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedStatus not publishedPublished valueNot publishedRenewal of Insurance Policies - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
23 Aug 2024, 15:08 BST - Award active
Not published · Not published - Contract active
Signed 22 Aug 2024, 00:00 BST · £786,050
Commercial outcome and competition
Awards Chubb European Group SE Not published · Not published · active |
Contracts Contract £786,050 · signed 22 Aug 2024, 00:00 BST · active |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
CENTRE FOR PROCESS INNOVATION LIMITED
Contracting authority GB-COH-05002194Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published
Planning and rationale
Planning budgetNot published |
No-engagement rationaleNot published |
Procedure rationaleCentre For Process Innovation Limited (CPI) is putting out this notice as a VEAT (Voluntary Ex ante Transparency Notice) as CPI intends to complete a Direct Award to Chubb European
Group SE for the provision of the classes of insurance identified below, without a call for competition in accordance with the Public Contracts Regulations 2015.
The bulk of insurance services to be obtained under the Direct Award shall relate to Material Damage, Business Interruption, Money & Terrorism, Employers Liability and Personal Accident and Travel Facility. The contract duration is expected
to be 24 months from 1st December 24 and the value of the contracts will be £786,050.14.
The justification for a Direct Award is the Life Sciences insurance market is protecting organisations against a unique range of risks, with differing exposures, the nature of the insurance requires extensive risk analysis of matters such as type of clinical trials being undertaken.
Furthermore there is a limited marketplace of organisations that undertake the specialist & complex business activities that CPI undertake (CPI operates as technology and research innovation centre specialising in highly advanced medicine manufacture,
formulations, therapeutic biologicals manufacture, and electronics & photonics systems) whereby it is considered the insurance market would not be able to adequately assess &
provide quotations to CPI via a Public Contracts Regulation tender process.
It is because of these complex challenges that CPI via their procured broker have approached a number of Insurers are proposing to continue working with their current insurance provider Chubb European Group SE . |