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Official procurement procedure

Insurance Services - Material Damage, Business Interruption, Money & Terrorism and Public / Products Errors and Omissions Liability,

Insurance services
North East (UKC12)
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, Money & Terrorism and Public / Products Errors and Omissions Liability,". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityCENTRE FOR PROCESS INNOVATION LIMITEDScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: CENTRE FOR PROCESS INNOVATION LIMITED
Market Analytics
View Authority Profile →
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
Requires at least 5 comparable procedures
Competition Density
2.1Bids / Report
41.5% of reports have one bid
Supplier ConcentrationHigh Concentration
JBA Engineering LimitedTop vendor: 55.7% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
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 Unpublished data stays unknown.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 NameHistoric AwardsAttributable GBP Value
JBA Engineering Limited1 win£69,829
BMM Weston Limited1 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
Published1 Nov 2023, 10:50 GMT
Last source update1 Nov 2023, 10:50 GMT
Recurring procurementNot published
ClassificationInsurance services
Delivery area
North East (UKC12)
OCIDocds-h6vhtk-0410d5
What is being bought
Renewal of Insurance Policies via procured broker for CPI insurance policies for Material Damage, Business Interruption, Money & Terrorism and Public Products , Errors and Omissions Liability.
What changed
From the official release history
  1. Status changed to complete
    1 Nov 2023, 10:50 GMT
  2. Official notice release published
    1 Nov 2023, 10:50 GMT
  3. Buyer information updated
    1 Nov 2023, 10:50 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    Procurement of Insurance Policies for Material Damages, Business Interruption, Money & Terrorism and Public Products, Errors and Omissions Liability
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    1 Nov 2023, 10:50 GMT
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Contract active
    Signed 1 Nov 2023, 00:00 GMT · £365,792
  5. Contract active
    Signed 1 Nov 2023, 00:00 GMT · £232,033
Commercial outcome and competition
Awards
Chubb European Group SE
Not published · Not published · active
Newline Insurance Company Limited
Not published · Not published · active
Contracts
Insurance Policy - Material Damage, Business Interruption, Money & Terrorism
£365,792 · signed 1 Nov 2023, 00:00 GMT · active
Public Products, Error and Omissions Liability
£232,033 · signed 1 Nov 2023, 00:00 GMT · active
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

CENTRE FOR PROCESS INNOVATION LIMITED

Contracting authority GB-COH-05002194
View buyer profile

  • CENTRE FOR PROCESS INNOVATION LIMITED
    buyer

    GB-COH: 05002194
    Wilton, REDCAR, UKC12, TS104RF
    e-tendering@uk-cpi.com
    +44 1740625716

  • Centre for Process Innovation
    reviewBody

    Redcar

  • Chubb European Group SE
    supplier

    GB-COH: FCO38001
    London, UKI

  • Newline Insurance Company Limited
    supplier

    GB-COH: 04409827
    London, UKI
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
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 and Newline Insurance Company Limited 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 Life Sciences Liability Insurance (Material Damage, Business Interruption, Money & Terrorism Public & Products Liability & Errors & Omissions Liability). The contract duration is expected to be 12 months from 1st December 23 and the value of the contracts will be £597825.52 . 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 providers Chubb European Group SE and Newline Insurance Company Limited.