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Official procurement procedure

NU/1898 Property & Professional Indemnity Insurance

Insurance services
Property insurance services
North East (UKC22)
Published value
£3,228,236
Submission deadline 26 May 2023, 12:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Newcastle University: "NU/1898 Property & Professional Indemnity Insurance". Published status: active. Published value: £3,228,236. 1 published lot. Recorded submission deadline: 26 May 2023, 12:00 BST. See the official notice for participation instructions.
Contracting AuthorityNewcastle UniversityScope & CategoriesNot publishedSubmission Window
Closed
26 May 2023, 12:00 BST
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£3,228,236
Bidder Intelligence · Authority Profile: Newcastle University
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Newcastle University. 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
2.7Bids / Report
33.3% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 12 active published awards; 12 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 Unpublished data stays unknown.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.
Procedure terms
Contracting AuthorityNewcastle University
Procedure methodNot published
Procurement categoryNot published
Statusactive
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published24 Apr 2023, 10:26 BST
Last source update24 Apr 2023, 10:26 BST
Recurring procurementNot published
ClassificationInsurance services, Property insurance services
Delivery area
North East (UKC22)
OCIDocds-h6vhtk-03c376
What is being bought
Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements.
What changed
From the official release history
  1. Published value updated to £3,228,236
    24 Apr 2023, 10:26 BST
  2. Status changed to active
    24 Apr 2023, 10:26 BST
  3. Official notice release published
    24 Apr 2023, 10:26 BST
  4. Submission deadline changed to 26 May 2023, 12:00 BST
    24 Apr 2023, 10:26 BST
  5. Buyer information updated
    24 Apr 2023, 10:26 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    active
    Published valueNot published
    The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year. Additional information: In addition to contacting AJ Gallagher direct to express and interest in these contracts please also contact the University representative in parallel by emailing Leigh.Robinson@ncl.ac.uk
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    24 Apr 2023, 10:26 BST
  2. Submission deadline
    26 May 2023, 12:00 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Newcastle University

Contracting authority GB-FTS-19006
View buyer profile
Documents (2)
Official links; attachments are not copied

  • economicSelectionCriteria

    tender
    economicSelectionCriteria

  • technicalSelectionCriteria

    tender
    technicalSelectionCriteria
Related procedures (0)
No data
No related procedures published