Official UK procurement notice
LUPC Personal Accident & Travel Insurance
Authority: LUPC Ltd (Public body)
What is being bought
Published requirement descriptionPurchase of Personal Accident and Travel insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
- Recurrence: 60 months from this publication
CPV: Accident and health insurance services · Insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1London Universities Purchasing Consortium (LUPC), a company limited by guarantee, is…Renewal
London Universities Purchasing Consortium (LUPC), a company limited by guarantee, is undertaking this tendering process in accordance with the Open Procedure requirements of the Public Contracts Regulation 2015 for and on behalf of the Insurance Group (IG), a group of around 35 participating institutions, principally made up of members of LUPC - www.lupc.ac.uk/members/our-members ↗ together with a number of SUPC institutions (www.supc.ac.uk/our-members/ ↗) and one NWUPC institution (www.nwupc.ac.uk/our-members ↗). It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC (www.neupc.ac.uk/who-are-our-members ↗).
The appointed provider(s) will commence service 1 May 2022 and arrange the provision of Personal Accident and Travel Insurance on behalf of the IG.
The initial length of this non-framework contract is three years and three months (first period of insurance to 31 July 2023) with the option to extend two further years subject to satisfactory performance.
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
This tender is open only to insurance companies and Managing General Agents regulated by the Financial Conduct Authority and Market Act 2000, Insurance Companies Act 1982 and any other statutory modifications thereof. Insurance companies and MGA’s may provide terms through an intermediary/broker.
For the avoidance of doubt this competition does not include a requirement for insurance broking services and placement of coverage will be by Gallagher with the bidding Insurers/MGA and not via the introducing intermediary.
Evaluation will be undertaken as referred to within the ITT document.
- Economic & financial standing
Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address.
Applicants may be asked for further information if the Authority feels it is necessary.
The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot applied for.
Minimum level(s) of standards possibly required:
All bidders should hold a S&P rating of A minus, or equivalent, as a minimum.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Experience of providing insurance for similar organisations.
Willing to be vetted, and as set out in detail in the tender documents.
- Technical & professional ability
Financial Services and Market Act 2000, Insurance Companies Act 1982 and other statutory modifications thereof, and associated obligations of the Financial Conduct Authority.
Insurers must be authorised to carry out business in the relevant class of insurance listed in II.2.4.
This competition does not include a requirement for insurance broking services. Bids from insurance brokers (or equivalent organisations) are permitted but only where they are accompanied with a letter of agreement, or similar/equivalent indication of authority from the insurer(s) they are operating on behalf of. Such indication must be signed by an authorised representative of each insurer and confirm that the broker (or other organisation) has due authority to respond on behalf of the insurer(s). Insurers are not permitted to submit multiple bids, for example, direct and via a broker.
- Staff
- Names and qualifications of delivery staff must be submitted
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- 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
- Unspecified in notice
- Recurring procurement
- Yes · 60 months from this publication
- First published
- 4 Feb 2022, 17:39 GMT
- Last source update
- 4 Feb 2022, 17:39 GMT
- Award evaluation window
- 16 Mar 2022 – …
- Authority reference
INS5074 LU- FTS notice number
2022/S 000-003316- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03138fFind a Tender
- Review procedure
Any appeals should be promptly brought to the attention of the contracting authority by emailing the named contact in Section I.1 above, and will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015. Any appeals must be brought within the timescale specified by the applicable law, including, without limitation, the Public Contract Regulations 2015. In accordance with such Regulations, the contracting authority will also incorporate a minimum 10 calendar day standstill period from the date information on the award of contract is communicated to tenderers.
Publisher note: LUPC IG: Birkbeck, University of London / Brunel University London / City, University of London / De Montfort University / Goldsmiths, University of London / Imperial College of Science, Technology and Medicine / King's College London / London Academy of Music and Dramatic Art (LAMDA) / London Metropolitan University / London School of Economics / London South Bank University / Middlesex University / Natural History Museum / Queen Mary University of London / Royal College of Music / Royal Holloway, University of London / SOAS, University of London / Solent University / The Courtauld Institute of Art / The Royal College of Surgeons of England / The Royal Veterinary College / The University of Buckingham / Trinity Laban Conservatoire of Music & Dance / University College London / University of East London / University of Hertfordshire / University of London, Senate House / University of Portsmouth / University of Reading / University of Roehampton / University of Southampton / University of Surrey / University of West London / University of Westminster / University of Wolverhampton
How it was run
Official notice- Submission deadline
- 16 Mar 2022, 14:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 16 Mar 2022, 14:00 GMT
Timeline
4 Feb 2022 → 1 May 2022 · 4 dates- Notice published4 Feb 2022, 17:39 GMT
- Submission deadline16 Mar 2022, 14:00 GMT
- Bids opened16 Mar 2022, 14:00 GMT
- Contract starts1 May 2022, 00:00 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview bodyReview contact point
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.