Official UK procurement notice
Tenants Home Contents Insurance Scheme 2022-2027
Authority: North Lanarkshire Council (Local council)
What is being bought
Published requirement descriptionThe Council is seeking to put in place a Contract for Tenants Home Contents Insurance (HCI) which will be available solely for North Lanarkshire Council (NLC) tenants who elect to participate. This Contract is designed to offer basic home contents insurance with an option for additional accidental damage cover.
CPV: Financial and insurance services · Insurance services
The lotProcurement structure
single lot · value publishedLot #1North Lanarkshire Council (the "Council") intend to award a contract to single service…AwardedRenewalPublished value£2,200,000
North Lanarkshire Council (the "Council") intend to award a contract to single service provider for the provision of Tenants Home Contents Insurance.
The service provider should be able to offer basic home contents insurance (HCI) with an option for additional accidental damage cover to all North Lanarkshire tenants. The HCI scheme was introduced to give NLC's tenants access to Home Contents Insurance at rates that individually they would not be able to source
The proposed contract will be for an initial 36 months with the option to extend for up to a further 2, 12 month periods. The maximum term is 5 years.
Further to this overview, a detailed specification is contained within the “Documents for Tenderers” folder, which is accessible (and downloadable) within the PCS-T Tendering System.
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The Contract must be carried out in accordance with the information provided within this Contract Notice and the Invitation to Tender documents (ITT) which will be published within the PCS-T Tendering System.
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Tenderers must respond to a series of Selection Questions within the PCS-T Qualification Envelope;
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Tenderers must downloand and complete a range of Award Questions and Statements located within the PCS-T Technical Envelope;
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Tenderers must download and complete a Pricing Schedule located within the PCS-T Commercial Envelope.
. Additional information: PLEASE BE AWARE OF THE EXCLUSION GROUNDS.
Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.
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).
Published sub-criteria (2)
- OVERALL QUALITY: 40%
- price: 60%
Published award criteria (2)
- OVERALL QUALITY: 40%
- Price: 60%
- Suitability
Bidders must respond to 4A.2 - Bidders must be registered with the Financial Conduct Authority (FCA) to carry out regulated financial service activities - This will be a mandatory requirement and any Bidder not registered with FCA will be deemed as a FAIL and will excluded from the procurement process and not considered further.
- Economic & financial standing
Bidders must respond to 4B.4; 4B.5.1a; 4B.5.1B and 4B.5.2
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4B.4 - The Acid Test (or Quick Ratio) compares a company's most short-term assets to its most short-term liabilities to see if a company has enough cash to pay its immediate liabilities, such as short-term debt. The Acid Test ratio disregards current assets that are difficult to liquidate quickly such as inventory.
Within the Qualification Envelope, the bidder should state their Acid Test ratio score (using the calculation above) for their most recent financial year where fully audited accounts are available.
Bidders who fail to provide a response to this question or fail to achieve an Acid Test ratio score of 1.00 or above within their Tender may be assessed as a FAIL and be excluded from the Procurement.
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4B.5 - Within the Qualification Envelope, bidder’s should confirm whether or not they:
-have the required minimum levels of insurance,
-do not have the required minimum levels of insurance but commit to obtaining required levels of insurance if successful
-do not have required minimum levels of insurance and do not commit to obtaining required levels of insurance, or
-are exempt from requiring the minimum levels of insurance required by the Council.
Bidders that do not have required minimum levels of insurance and do not commit to obtaining required levels of insurance may be assessed as a FAIL and be excluded from the Procurement.
Bidders who fail to provide a response to this question within their Tender may be…
Minimum: . 4B.4 - Bidders will be required to state the value(s) for the following financial ratio: Acid Test ratio of 1.00 and above. The acceptable range for Acid Test financial ratio is the bidders most recent financial year where fully audited accounts are available. The Acid Test fin… - Technical & professional ability
Bidders must respond to SPD Questions 4C.1.2 and 4C.10.
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4C.1.2 - Bidders will be required to provide one example that demonstrate that they have the relevant experience to deliver the services as described in part II.2.4 the Contract Notice or the relevant section of the Site Notice. The example should be similar in regards to scope, scale and duration.
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4C.10 - Bidders will be required to confirm whether they intend to subcontract and, if so, for what proportion of the Framework Agreement.
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No questions from Section D of the SPD (Scotland) (Quality assurance schemes and environmental standards) will be used, so no statements for those questions are listed in this Contract Notice.
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Minimum: 4C.1.2 - Bidders will be required to provide ONE example that demonstrates that they have the relevant experience to deliver the services as described in part II.2.4 of the Contract Notice. . Bidders should consider the following as a minimum within their response: -Name of Clien…
- 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
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 11 Aug 2021, 16:35 BST
- Last source update
- 14 Dec 2021, 15:35 GMT
- Award evaluation window
- 13 Sept 2021 – …
- Authority reference
NLC-CPT-21-019- FTS notice number
2021/S 000-031115- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02d39aFind a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Performance terms
As per the contract documentation.
- Review procedure
An economic operator that suffers, or is at risk of suffering, loss or damage attributable to a breach of duty under the Public Contracts (Scotland) Regulations 2015 or the Procurement Reform (Scotland) Act 2014, may bring proceedings in the Sheriff Court or the Court of Session
Publisher note: (SC Ref:677161)
How it was run
Official notice- Submission deadline
- 13 Sept 2021, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 13 Sept 2021, 12:00 BST
Timeline
13 Sept 2021 → 14 Dec 2021 · 3 dates- Submission deadline13 Sept 2021, 12:00 BST
- Bids opened13 Sept 2021, 12:00 BST
- Notice published14 Dec 2021, 15:35 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete14 Dec 2021, 15:35 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Thistle Insurance Services LimitedSME | £2,200,000 † | — | Awarded |
Contracts
Contract 031115-2021-NLC-CPT-21-019-1 · Thistle Insurance Services LimitedSME
- Signed
- 14 Dec 2021
- Value
- £2,200,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic | 1 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Hamilton Sheriff CourtReview body
- Scottish CourtsReview body
Bidders & participating suppliers
1 commercial party on the notice- Thistle Insurance Services LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.