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Official procurement procedure

Insurance Broker

Financial and insurance services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Northern Education Trust: "Insurance Broker". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityNorthern Education TrustScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Northern Education Trust
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Northern Education Trust. 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
4Bids / Report (median)
9.1% of reports have one bid · Mean: 3.9 bids
Supplier ConcentrationHigh Concentration
Towergate InsuranceTop vendor: 100% of attributable value
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 11 active published awards; 11 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 Unpublished data stays unknown.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.
Historical Awarded Suppliers in this Category (CPV 66):
Supplier NameHistoric AwardsAttributable ValueAvg. Price Discount
Towergate Insurance1 win£140,000—
Procedure terms
Contracting AuthorityNorthern Education Trust
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published1 Aug 2022, 10:05 BST
Last source update1 Aug 2022, 10:05 BST
Recurring procurementNot published
ClassificationFinancial and insurance services
Delivery area
UK
OCIDocds-h6vhtk-03435d
What is being bought
The goal of this ITT is to provide Northern Education Trust with all of the details necessary to select a cost-effective and robust insurance brokerage service that supports our existing and future business volume and processes. In summary the insurance brokerage service will include provision of day-to-day operations. It is important that you are able to demonstrate capabilities and relationship potential for both the Trust and academies. 3 year contract proposed with potential to extend for a further 1 year dependant on service achievement.
What changed
From the official release history
  1. tender value changed
    1 Aug 2022, 10:05 BST
  2. Status changed to complete
    1 Aug 2022, 10:05 BST
  3. Official notice release published
    1 Aug 2022, 10:05 BST
  4. Submission deadline changed to published date
    1 Aug 2022, 10:05 BST
  5. Buyer information updated
    1 Aug 2022, 10:05 BST
  6. Published value updated to £150,000
    6 Jun 2022, 16:05 BST
  7. Status changed to active
    6 Jun 2022, 16:05 BST
  8. Official notice release published
    6 Jun 2022, 16:05 BST
  9. Submission deadline changed to 29 Jul 2022, 17:00 BST
    6 Jun 2022, 16:05 BST
  10. Buyer information updated
    6 Jun 2022, 16:05 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The goal of this ITT is to provide Northern Education Trust with all of the details necessary to select a cost-effective and robust insurance brokerage service that supports our existing and future business volume and processes. In summary the insurance brokerage service will include provision of day-to-day operations. It is important that you are able to demonstrate capabilities and relationship potential for both the Trust and academies. 3 year contract proposed with potential to extend for a further 1 year dependant on service achievement.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    1 Aug 2022, 10:05 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 22 Jul 2022, 00:00 BST · £140,000
Commercial outcome and competition
Awards
Towergate Insurance
Not published · Not published · active
Contracts
Contract
£140,000 · signed 22 Jul 2022, 00:00 BST · active
Bid statistics
bids: 3 (lot 1)
Buyer and organisations in this procedure

Northern Education Trust

Contracting authority GB-FTS-21648
View buyer profile

  • Northern Education Trust
    buyer
    reviewBody
    reviewContactPoint

    Talbot Street, Stockton-on-Tees, UK, TS20 2AY
    procurement@northerneducationtrust.org
    +44 1642612381

  • Royal Courts of Justice
    mediationBody

    The Strand, London, WC2A 2LL

  • Towergate Insurance
    supplier

    4043759
    2 Minister Court, Mincing Lane, London, UK, EC3R 7PD
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published