Corporate Insurance Services (2025)
Reading Borough CouncilcontractFind a Tender ↗Ref ocds-h6vhtk-05d53dProcurement Act 2023closed for bids
Estimated value
£6.8m
services
Awarded value
—
Suppliers
0
Lots
6
0 awarded
Published
28 Oct 2025
Deadline 10 Dec 2025
Description
RBC is seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU
Scope
- Reference
- URN 25-S-051 RBC 00002404
- Total value
- £6,800,000 excluding VAT£8,500,000 including VATAbove the relevant threshold
- Commercial tool
- Standalone contract
- Contract dates
- 31 Mar 2026 to 31 Mar 2029Possible extension to 31 Mar 2033
plus 2 years and plus 2 years (4 in total)
- Main category
- services
- CPV classifications
- 66510000
- Contract locations
- Berkshire, United Kingdom
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Simple description | Quality Criteria to Award Score 0 No response provided 1 Minimal information provided with no way to clearly identify what is being offered 2 Limited information provided with information on the service provided but with no relevance to the needs of the Contracting Authority 3 A generic response provided but missing detail on capability, resource or experience in the Public/Education sector 4 Summary details of capability, resource and experience provided but lacking in focus on the contracting authority but evidencing sector specific knowledge 5 Good summary of capability, resource and experience provided, focused on the contracting Authority with relevance Price Total cost of Option The Contracting Authority will consider the cost of premium, IPT and aggregate stop limits (where applicable), cost of claims handling (if priced separately), proposals for Low Claims Rebates, and terms for payment when selecting insurers. The Contracting Authority will consider entering into a long term agreement or contract with insurers. The basic minimum requirement is for insurers to quote on the basis of a three year long term agreement with the option for extending for a further period of 24 months. In the event that a LTA is agreed, the Insurer must give the Contracting Authority at least 120 days’ notice in advance of the renewal date if the Insurer intends to breach the agreement. If the Insurer fails to comply with this notice period then the Insurer will be bound to offer renewal for one year at the current rates, terms and conditions The best overall quotation for each Lot will be awarded 40% and all other tenders will be awarded a proportion of 40% in direct proportion to the best overall quotation. | price | — |
Submission & procedure
- Submission deadline
- 10 Dec 2025, 2:00 pm
- Submission address
- https://in-tendhost.co.uk/readingbc/aspx/Home ↗
- Electronic submission
- Yes
- Procedure
- Open procedure
Lots · 6 total
Divisions of the contract. Each lot can be awarded separately.
| Lot | Title | Est. value | Status |
|---|---|---|---|
| 1 | Property | £2.4m | active |
| 2 | Commercial property | £320k | active |
| 3 | Casualty | £3.0m | active |
| 4 | Motor Fleet | £640k | active |
| 5 | Engineering | £224k | active |