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Published 3 Oct 2022, 17:01 BST

Official UK procurement notice

Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC)

Official notice

Authority: London Borough of Croydon (Local council)·Consortium: 17 public authorities

7 lotsServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: London (UKI)
Awarded value£12,509,0465 contracts · exc. VAT
Submissions closed 7 Nov 2022awarded 1 Apr 2023
Awarded to Zurich Municipal +5 more10 awards

Re-procurement openCorporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC) · bids close

What is being bought7 lots · detail below

Published requirement description

Croydon Council, as lead authority for the Insurance London Consortium (ILC), is seeking

tenders for corporate insurance cover. to engage a contractor for the provision of insurance

services (excluding Broker Services).

The Consortium members taking part in this tender consist of the following London Borough

Councils:

London Borough of Camden

Croydon Council

Haringey Council

Harrow Council

Islington Council

Royal Borough of Kingston upon Thames

Lambeth Council

Page 10 to 23

London Borough of Sutton

London Borough of Tower Hamlets

Insurance is required for:

Lot 1: Motor

Lot 2: Commercial Property

Lot 3: Crime

Lot 4: Engineering Insurance and Inspection

Lot 5: Personal Accident and Business Travel

Lot 6: School Journey

Lot 7: Leasehold / Right to Buy

CPV: Financial and insurance services · Insurance services

Lots and requirements (7)Procurement structure

7 lots · no lot values published · same evaluation weights on every lot
Lot #1MotorAwarded

Lot 1: Motor

Delivery: London
Variant bids: not allowed
66000000 Financial and insurance services66510000 Insurance services
Lot #2Commercial PropertyAwarded

Lot 2: Commercial Property

Delivery: London
Variant bids: not allowed
66000000 Financial and insurance services66510000 Insurance services
Lot #3CrimeAwarded

Lot 3: Crime

Delivery: London
Variant bids: not allowed
66510000 Insurance services
Lot #4Engineering insurance and inspectionAwarded

Lot 4: Engineering insurance and inspection

Delivery: London
Variant bids: not allowed
66510000 Insurance services
Lot #5Personal accident and business travel

Lot 5 Personal accident and business travel

Delivery: London
Variant bids: not allowed
66510000 Insurance services
Lot #6School JourneyAwarded

Lot 6: School Journey

Delivery: London
Variant bids: not allowed
66510000 Insurance services
Lot #7Leasehold/Right to buyAwarded

Lot 7: Leasehold/Right to buy

Delivery: London
Variant bids: not allowed
66510000 Insurance services

What it takes to win
i

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 more
How bids were scored · same split on all 7 lots
Quality: 40%Price: 60%
Published award criteria (2)
  • Quality: 40
  • Price: 60
Conditions of participation2
  • Suitability

    Tenderers must be in a sound financial position to participate in a procurement of this size. This means that all bidders must be able to demonstrate Standard and Poors rating of ‘A’ or provide confirmation that they are a market approved by Aon’s security committee.

    Where a quotation has been provided by a Broker (Lot 7), we will expect that Broker to confirm that the markets they are recommending have been approved by their own security committee.

    Technical and professional ability will be detailed in the tender documents

  • Technical & professional ability

    Tenders are requested from Insurers registered with the FCA to underwrite the classes of

    insurance required

What this means for your bid
  • Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

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
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
3 Oct 2022, 17:01 BST
Last source update
12 May 2023, 14:27 BST
Award evaluation window
7 Nov 2022 – …
Authority reference
DN617922
FTS notice number
2023/S 000-013618
Classification (CPV)
Financial and insurance servicesInsurance services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-037292 Find a Tender

Publisher note: The Council reserves the right, subject to the provisions of the Public Contracts Regulations 2015 to change without notice the basis of any part of the procurement process or to cancel the procurement at any time and not to proceed with the award of any contract at any stage of the procurement process. If you wish to register an interest in this contract please register your company free of charge via https://www.londontenders.org/procontract/supplier.nsf/frm_home?openForm Await acceptance. You will receive an email confirming your username and password. Use your username and password to log into the London Tenders Portal and register your interest in this contract. Shortly after you have registered your interest, you will receive a second email containing a link to access the Tender Documentation. All questions and queries regarding the procurement must be posed via the London Tenders Portal. Tenders may be submitted at any time before the closing date.

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
7 Nov 2022, 12:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
7 Nov 2022, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

www.londontenders.org.uk ↗

Timeline

7 Nov 2022 → 12 May 2023 · 4 dates
  1. Submission deadline
    7 Nov 2022, 12:00 GMT
  2. Bids opened
    7 Nov 2022, 12:00 GMT
  3. Bids must remain valid until
    1 Apr 2023, 23:59 BST
  4. Notice published
    12 May 2023, 14:27 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    12 May 2023, 14:27 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 10
Awarded value £12,509,0465 contracts exc. VAT
Bids received 9
Contracts signed 10latest 1 Apr 2023
Awarded toValueDateStatus
Lot 1 · Motor1 award
Zurich MunicipalProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 1 Motor: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets£4,412,895 †—Awarded
Lot 2 · Commercial Property3 awards
PROTECTOR INSURANCE (UK)Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Camden, Croydon——Awarded
Travelers Ins Co LtdProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Lambeth, Haringey——Awarded
Zurich MunicipalProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Harrow, Islington, Kingston, Sutton, Tower Hamlets——Awarded
Lot 3 · Crime1 award
Risk Management Partners LtdProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 3 Crime: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets£1,801,500 †—Awarded
Lot 4 · Engineering insurance and inspection1 award
Zurich MunicipalProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 4 Engineering: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets£6,220,950 †—Awarded
Lot 6 · School Journey1 award
Risk Management Partners LtdProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 6 School Journeys: Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets£1 †—Awarded
Lot 7 · Leasehold/Right to buy2 awards
Arthur J. Gallagher (UK) LimitedProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 7 Property: Camden, Croydon, Lambeth——Awarded
Protector Insurance with Maven TerrorismProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 7 Property: Islington, Tower Hamlets——Awarded
Not linked to a lot1 award
Risk Management Partners LtdProcurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 5 Travel: Croydon, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets£73,700 †—Awarded

Contracts

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 1 Motor: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets · Zurich Municipal

    Signed
    1 Apr 2023
    Value
    £4,412,895
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 7 Property: Camden, Croydon, Lambeth · Arthur J. Gallagher (UK) Limited

    Signed
    1 Apr 2023
    Value
    —
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Camden, Croydon · PROTECTOR INSURANCE (UK)

    Signed
    1 Apr 2023
    Value
    —
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Lambeth, Haringey · Travelers Ins Co Ltd

    Signed
    1 Apr 2023
    Value
    —
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 2 Commercial: Harrow, Islington, Kingston, Sutton, Tower Hamlets · Zurich Municipal

    Signed
    1 Apr 2023
    Value
    —
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 3 Crime: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets · Risk Management Partners Ltd

    Signed
    1 Apr 2023
    Value
    £1,801,500
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 4 Engineering: Camden, Croydon, Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets · Zurich Municipal

    Signed
    1 Apr 2023
    Value
    £6,220,950
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 5 Travel: Croydon, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets · Risk Management Partners Ltd

    Signed
    1 Apr 2023
    Value
    £73,700
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 6 School Journeys: Haringey, Harrow, Islington, Kingston, Lambeth, Sutton, Tower Hamlets · Risk Management Partners Ltd

    Signed
    1 Apr 2023
    Value
    £1
    Status
    active

  • Procurement of Corporate insurances on behalf of London Insurance Consortium (ILC): Lot 7 Property: Islington, Tower Hamlets · Protector Insurance with Maven Terrorism

    Signed
    1 Apr 2023
    Value
    —
    Status
    active

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Motor9bids · 9 electronic———
2 · Commercial Property9bids · 9 electronic——£1 – £8,336,177
3 · Crime9bids · 9 electronic———
4 · Engineering insurance and inspection9bids · 9 electronic———
6 · School Journey9bids · 9 electronic———
7 · Leasehold/Right to buy9bids · 9 electronic——£1 – £86,198,429
Whole notice9bids · 9 electronic———

Contracting authority & participating public bodies

9 public bodies on the notice

Croydon Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Bernard Weatherill House, 8 Mint Walk, Croydon, London, CR0 1EAContact name, email, phone Published organisation website ↗

Consortium members and other public bodies

Dispute resolution & review bodies

  • London Borough of CroydonReview body CroydonContact email

Bidders & participating suppliers

9 commercial parties on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Technical selection criteriatenderTechnical selection criteria
  • Economic and financial selection criteriatenderEconomic and financial selection criteria