Official UK procurement notice
UKIB Insurance Brokerage to place Group Insurance Policies
Authority: UK Infrastructure Bank Limited
What is being bought
Published requirement descriptionThis ITT relates to the procurement process by the Buyer to procure an Insurance Brokerage to place Group Insurance Policies (the “Procurement”).
CPV: Insurance services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£750,000
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 (3)
- Quality (Technical): 60%
- Price (Commerical): 30%
- Social Value: 10%
Published award criteria (3)
- Quality (Technical): 60
- Social Value: 10
- Price (Commerical): 30
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
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
- 19 Mar 2024, 10:29 GMT
- Last source update
- 6 Aug 2024, 15:55 BST
- Award evaluation window
- 19 Apr 2024 – …
- Authority reference
C0576- FTS notice number
2024/S 000-024710- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-044a33Find a Tender
- Electronic trading
- electronic payment
Publisher note: UKIB is using the Atamis e-Tendering Portal (the "Portal") to conduct this Open Procedure, the URL for which is provided in this Notice. <br/><br/>All Procurement documents can be accessed via the Portal. <br/><br/>Tenderers must submit their Tenders via the Portal. <br/><br/>All communications must be in English and required to be via the Portal.
How it was run
Official notice- Submission deadline
- 19 Apr 2024, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 19 Apr 2024, 13:00 BST
Timeline
19 Apr 2024 → 6 Aug 2024 · 3 dates- Submission deadline19 Apr 2024, 12:00 BST
- Bids opened19 Apr 2024, 13:00 BST
- Notice published6 Aug 2024, 15:55 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete6 Aug 2024, 15:55 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Barnett Waddingham LLP | £750,000 † | — | Awarded |
Contracts
Contract 024710-2024-1 · Barnett Waddingham LLP
- Signed
- 8 Jul 2024
- Value
- £750,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- The Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- Barnett Waddingham LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria