Official UK procurement notice
Insurance Services · UK public procurement notice
Authority: Hanover (Scotland) Housing Association Ltd (Housing)
What is being bought
Published requirement descriptionNo description was published on the notice. See the official documents.
CPV: Insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Hanover (Scotland) Housing Association (HSHA) intends to extend the existing Insurance…
Hanover (Scotland) Housing Association (HSHA) intends to extend the existing Insurance Provision contract due to end 31 July 2023 to the 31 July 2025 with Zurich Ltd who are the current insurance service Broker/provider.
Procedure terms & legal framework
From the official record · publisher note attached- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 27 Jun 2023, 15:37 BST
- Last source update
- 27 Jun 2023, 15:37 BST
- FTS notice number
2023/S 000-018279- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03dce0Find a Tender
Publisher note: It should be noted that this Modification notice is intended to inform the market of the intention to modify a contract under Regulation 72 (1) (c) and whilst the PCS system requires an award date prior to the Modification notice publication for the avoidance of doubt it should be noted that the contract has not been entered into prior to the publication of this notice. The contract agreement will not start until 1 August 2023. (SC Ref:736699)
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Zurich MunicipalSME | £3,588,483 † | — | Awarded |
Contracts
Insurance Services · Zurich MunicipalSME
- Signed
- 27 Jun 2023
- Value
- £3,588,483
- Status
- active
- Change This Modification Notice relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term “by circumstances Hanover (Scotland) Housing Association (HSHA) could not have foreseen”. The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector over the last 6 months, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during the first two quarters of 2023. HSHA intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2025 Q1 with a target effective date contract date of 1st August 2025., Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL’s relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements.
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Edinburgh Sheriff Court & Justice of the Peace CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- Zurich MunicipalAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.