Find a TenderPast planning notice
Published 13 Dec 2021, 22:45 GMT

Official UK procurement notice

UK Export Finance Political and Credit Risk Insurance Services

Official notice

Authority: Department for International Trade (Central government)

2 lotsServicesMax 1 lot per supplier
Planned pipeline valueValue not publishedpipeline notice, not a live tender
Tender notice expected 31 Jan 2022from the planned procurement notice
Lots 2max 1 won per supplier

What is being bought2 lots · detail below

Published requirement description

UK Export Finance (“the Authority”) has a potential requirement for framework agreements for political and credit risk insurance & brokerage services .

The proposed procurement will entail services for the proposed framework agreement for both the Brokerage services and insurance panel in relation to political and credit risk.

Lot structure:

  • Lot 1 Insurance brokerage services

*Lot 2 Insurance panel

The purpose of this Prior Information Notice (PIN) is a development to publication of the Prior Information Notice (PIN) in July 2021 (Reference: www.find-tender.service.gov.uk/Notice/017283-2021 ↗ ), In July 2021, the Department for International Trade on behalf of UK Export Finance sought feedback from the supplier market on some preliminary elements of scope via qualitative questionnaire.

The market engagement was effective, a broad selection of interested Potential Service providers participated through qualitative questionnaire and raised clarification questions. This approach allowed the Authority to gain some insights and test the market’s capacity and capability to deliver the requirement as currently described.

The approach set out our initial thinking and has subsequently evolved in light of feedback received from the market, internally and lessons learned. We have been working to further refine and develop our proposition.

A prospectus describing the requirement will be made available from via the jaggaer e-tendering portal to potential service providers service providers who register an interest against this PIN.

e-tendering portal:

uktrade.app.jaggaer.com/web/login.html ↗

CPV: Financial and insurance services

Lots and requirements (2)Procurement structure

2 lots · no lot values published · win at most 1 of them
Lot #1Insurance Brokerage ServicesPlanned

Insurance Brokerage Services

  • Arranging the placing of new Contracts of Insurance (as described below)
  • Managing communications and endorsements relating to new and existing Contracts of Insurance

Political and Credit Risk Insurers

The typical profile of the insurance policies is (but not limited to):

  • Political and Credit Risk, generally involving counterparties outside the UK
  • Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance)
  • Sums insured typically between £10m and £500m
  • Call offs to be made through direct award or further competitions c.5 times per annum
  • Insurance tenors between 5 and 15 years
  • Transactions and Premiums denominated in US Dollars or Euros Additional information: The Authority will be using the Portal to manage expressions of interest and all communications will be made through the Portal:

uktrade.app.jaggaer.com/web/login.html ↗

This PIN is released for market sounding purposes only.

This PIN does not formally signify the beginning of any procurement exercise by the Authority, nor does it constitute a commit

Delivery: UK
Lot #2Political and Credit Risk InsurersPlanned

as per the short description

Delivery: UK

Procedure terms & legal framework

From the official record
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Past planning notice
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
Unspecified in notice
First published
13 Dec 2021, 22:45 GMT
Last source update
13 Dec 2021, 22:45 GMT
FTS notice number
2021/S 000-031027
Classification (CPV)
Financial and insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-0300aa Find a Tender

How it was run

Official notice
Submission deadline
—

Timeline

13 Dec 2021 → 31 Jan 2022 · 2 dates
  1. Notice published
    13 Dec 2021, 22:45 GMT
  2. Tender notice expected
    31 Jan 2022

Commercial outcome & contract awards

Pipeline notice
Awards (0)
No award published
Contracts (0)
No contract published
Bid statistics
No aggregate bid statistics published

Contracting authority & participating public bodies

Department for International Trade

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services London, UKContact email

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.